How To Register A Business South Africa
Registration must be done within 60 days after starting operations by completing an it77 form available at your local sars office or from the sars website.
How to register a business south africa. A certified copy of the id of all the directors and incorporators of the company. If you wish to run a franchise business you would register a private company. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. Firstly the company can register a south african subsidiary. Each name reservation application costs r50.
Companies registered outside south africa may conduct business in south africa in two ways. Alternatively the company can register as an external company in terms of section 23 of the companies act. But is this really true. Some service providers offer shoddy service with false promises about timing etc. Power of attorney if required.
A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. It is important for a business person to register their business correctly. A company is a legal person which has capacity and powers to act on its own. The sars income tax number for the business. Non south african applicants need passport copy as proof.
The convenience of business registration south africa is that you can do it online or in person at the designated terminals. A certified copy of the applicant s id. To complete the company registration process you will the following supporting documents. We always tell you what to realistically expect as we have done so for thousands of clients. The cipc self service terminals are located in pretoria johannesburg pretoria cape town or at an authorized bank like first national bank fnb.
The rise of highly successful startups and entrepreneurs in the last few years have led to many south africans wanting to start their own small businesses unfortunately for many the journey ends with the idea of being an entrepreneur because the process of registering a business in south africa may seem too complicated and expensive. To register a company in 3 easy steps click here. There are five types of companies that you can register. What forms and documents are required to reserve a company name online in south africa. The name confirmation certificate cor9 4 which is an application form downloaded at cipc.