The concept of economic ownership, a latent sprig in South Africa's Exchange Control Regulations has matured. Assume that you develop software and pay the developer's cost plus a reasonable profit margin. You contract verbally and fail to provide for ...
Note: Following the case of Oilwell v Protec (SCA) and the amendment to the Exchange Control Regulations dated 8 June 2012, the Manual may need to be revised ...
All technology "incoming licences" (i.e. foreign owned intellectual property licensed to South African entities) relating to the manufacture of products in South Africa require DTI approval, which is typically granted for a period of 5 years. The guideline published as form DTP001 caps royalty ...