How To Register A Business South Africa

To complete the company registration process you will the following supporting documents.

How to register a business south africa. Companies registered outside south africa may conduct business in south africa in two ways. It is important for a business person to register their business correctly. Each name reservation application costs r50. Non south african applicants need passport copy as proof. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members.

What forms and documents are required to reserve a company name online in south africa. 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 id of all the directors and incorporators of the company. 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. The registration number and documents for the company business.

Alternatively the company can register as an external company in terms of section 23 of the companies act. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. The cipc self service terminals are located in pretoria johannesburg pretoria cape town or at an authorized bank like first national bank fnb. There are five types of companies that you can register. Some service providers offer shoddy service with false promises about timing etc.

The sars income tax number for the business. Power of attorney if required. A certified copy of the applicant s id. 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. The name confirmation certificate cor9 4 which is an application form downloaded at cipc.

But is this really true. If you wish to run a franchise business you would register a private company. Register a sole proprietorship. We always tell you what to realistically expect as we have done so for thousands of clients. How to register your business.