Velex Advisory

Essential Support Businesses Need to Succeed in Africa💡 Are you going to start a business in Africa? Remember, the right support is crucial for thriving in this vibrant environment! From understanding market dynamics to navigating regulatory frameworks, partnering with local experts is key to a seamless expansion. Our experts prepared some tips on how to win this game. First of all, find a local market researcher and advisor to validate your hypotheses. This expert can cover dependable information, covering aspects such as salary standards, operational costs, competitive standing, market dimensions, pertinent governmental regulations, available exemptions, and consumer inclinations. 📊 The second step is to consult with local PEO to ensure your labor practices align with local laws. Benefit from compliant employee contracts, talent management, and local network access for creating an experienced team. Also, get expert assistance with work permits and documentation, ensuring full compliance with immigration regulations. 📑 Last, but not least, try to navigate business incorporation and tax complexities with a partner adept in local regulations. Ensure your company is fully compliant with local norms. 🏢 Experience matters. Velex Advisory is your trusted partner for seamless expansion. Our comprehensive services encompass market research, legal and HR compliance, business incorporation, and tax advisory, all tailored to the unique needs of businesses expanding into Africa. #VelexAdvisory #MarketExpansion #GrowthOpportunities #BusinessGrowth #ConsultinginAfrica #StrategyConsulting #BusinessDevelopment #BusinessAdvice #BusinessConsulting #BusinessOwners

Joel Madingu, our Legal & Affairs Manager at our office in DRC, shared his thoughts on the iGaming sector in the country during the Gaming Tech Summit Africa 2024. 🇨🇩 For the full interview, click here: https://lnkd.in/da-yWFvx #iGaming #DRC #GamingTechSummitAfrica2024 #GTSA2024

𝐇𝐨𝐰 𝐔𝐠𝐚𝐧𝐝𝐚'𝐬 𝐍𝐞𝐰 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐀𝐜𝐭 𝐢𝐬 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞?🇺🇬 Uganda introduced its new 𝐶𝑜𝑚𝑝𝑒𝑡𝑖𝑡𝑖𝑜𝑛 𝐴𝑐𝑡, designed to prevent monopolistic practices and create a level playing field by curbing anti-competitive behavior. 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐢𝐭 𝐚𝐟𝐟𝐞𝐜𝐭 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? With the new Act in place, all mergers, acquisitions, and joint ventures now face stricter scrutiny to prevent excessive market concentration. This is a game-changer for both local and foreign businesses, especially those looking to expand in Uganda. SMEs stand to benefit from reduced market dominance by larger players, encouraging a more diverse marketplace. As Uganda aligns with international market standards, businesses need to adapt and seize new opportunities. Want to know how the Competition Act could impact your business in Uganda? Our team specializes in legal affairs. Get in touch with us for expert advice and consultation! 📥 info@velexadvisory.com #CompetitionAct #Law #BusinessPractices #Regulations #BusinessOwners #Investors #Corporations #BusinessGrowth

Insightful analysis by Norah Kiambati, our Legal Officer! Well done! 👏 Review the full article on the topic "Compliance in Company Name Registration in Kenya" 👇 #Trademark #Compliance #CorporateLaw #CompanyRegistration #Kenya

Fear of the Unknown. Fear of Not Winning. Fear of Failure. These are some of the most common concerns that keep entrepreneurs up at night. But what about the other risks that scare you when entering a new market? We’d love to hear from you — review the poll and share your thoughts! #MarketEntryRisks #BusinessChallenges #BusinessAfrica #BusinessOwners #Entrepreneurs #StrategicGrowth #RiskMitigation #Consulting

Great news for Africa's SMEs! 🇲🇺 Standard Bank, the continent’s largest bank by assets, now allows SMEs to do banking with a lender in Mauritius — one of the most uncomplicated places to do business in Sub-Saharan Africa. This move provides a stable alternative for African businesses affected by economic challenges such as currency devaluations and capital shortages. SMEs can benefit from a stable Mauritian business environment, world-class infrastructure, affordable tax rates, and open investment and international trading opportunities. #MauritiusBanking #StandardBank #AfricaBusinessOpportunities #SME #BusinessOwners #Entrepreneurs #BusinessGrowth #Investment #BusinessExpansion

Steps to Incorporate a Company in South Africa 🇿🇦 If you're thinking of registering a company in South Africa, the continent’s most developed economy, we’ve put together a detailed list outlining the steps involved in the process. 1️⃣ Company name reservation During this process, we check name availability with the CIPC and reserve an available preferred name for you. 2️⃣ Office registration A legally registered address is necessary for official correspondence and compliance with the South African Companies Act. 3️⃣ Setting a public officer It should be a South African tax-resident public officer! 4️⃣ Preparing the required documents We help to gather all necessary documents and submit them to CIPC. 5️⃣ 2 weeks waiting for registration approval 6️⃣ Obtaining a tax number from SARS We register your company with the South African Revenue Service for income tax and VAT if turnover exceeds the threshold. 7️⃣ Registering for UIF, COIDA, and PAYE (if you plan to hire employees) 8️⃣ Business bank account opening In our next publication, we will highlight special requirements for business bank account opening in South Africa. Subscribe to our channels for more expert tips or book a free call for personalized support! ▫️ +971586187907 ▫️ info@velexadvisory.com #CompanyIncorporation #CompanyRegistration #IncorporateInSA #Business #BusinessTips #Entrepreneurship #LegalServices #AdvisoryServices #Consulting #ConsultingAfrica

Let’s Keep the Focus on Nigeria! 🇳🇬 During the 17th Annual Banking and Finance Conference, Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, shared some achievements from H1 2024. Nigeria’s financial sector experienced more than 30% growth, with the nation’s GDP projected to reach 3.7% by year-end. Both the oil and gas sector, as well as the non-oil sector, showed strong performance. ⬆️ Want to stay ahead of the latest news? Subscribe to our channels for more! #Nigeria #News #BusinessNews #NigeriaEconomy #FinancialSector #GDP #OilSector #Africa #VelexAdvisory

Check out a guide on Kenya's data protection framework! #DataProtection #DataPrivacy #Regulations #Africa #Kenya

Taxes on Corporate Income in Nigeria. A Quick Guide for Businesses 📚 Understanding corporate tax regulations is essential if you’re operating a business in Nigeria or dealing with Nigeria-sourced income. Here's a quick rundown: ✅ Resident companies are taxed on their global income, while non-residents pay tax on Nigeria-sourced income. ✅ The Corporate Income Tax (CIT) rate is 30% for large companies with a turnover of over NGN 100M and is calculated based on the profits from the previous financial year. ✅ For small companies with a turnover below NGN 25M, the CIT rate is 0%, and for medium-sized companies (NGN 25M-100M), it’s 20%. ✅ Non-resident digital companies with a SEP in Nigeria are taxed on profits from Nigerian sources. 👉 Taxes are hard nuts to crack, but we'll simplify it for you. Schedule your consultation to learn how we can help you navigate Nigeria’s tax system and stay compliant! 📞 +971586187907 ✉️ info@velexadvisory.com #Nigeria #CorporateIncome #Taxes #Compliance #SME #Enterprise #Finance #Africa #Business #BusinessAdvisory #Consulting #ConsultingAfrica #AdvisoryServices