How To Register A Small Business In South Africa Pdf
There are five types of companies that you can register.
How to register a small business in south africa pdf. The funds must originate overseas be transferable to south africa and belong to the applicant i e. A company is a legal person which has capacity and powers to act on its own. Regardless of whether you are a making profit or the size of your company there are advantages to registering your business in south africa. In most cases an sme can be either a sole proprietorship or a partnership. The small enterprise development agency seda provides business development and support services for small enterprises.
The registration number and documents for the company business. This guide is a general guide dealing with the taxation of small businesses such as sole proprietors partnerships and companies not part of large groups. How to register a business in south africa. What forms and documents are required to reserve a company name online in south africa. To register a company in 3 easy steps click here.
The department of labour has useful tips for self employment. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. These include business name protection tax incentives financial assistance and business compliance. The aim is to discuss the typical taxation issues of an average business trading in south africa. Some of the discussions in this guide could however be applicable to any type of taxpayer.
If you wish to run a franchise business you would register a private company. Seda will give you all the information you need to start a business including how to write a business plan and once you have a business to grow it. The sars income tax number for the business. In manufacturing small business accounts for only a tenth of revenue. Emanate from the applicant s own bank account.
A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. After six months to a year proof will have to be submitted that the business is employing south african citizens or permanent. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. Each name reservation application costs r50.