How To Register A Small Business In South Africa Pdf

Each name reservation application costs r50.

How to register a small business in south africa pdf. These include business name protection tax incentives financial assistance and business compliance. After six months to a year proof will have to be submitted that the business is employing south african citizens or permanent. The department of labour has useful tips for self employment. The national development plan argues that small business can open new opportunities to create jobs as well as be a route to economic empowerment. Regardless of whether you are a making profit or the size of your company there are advantages to registering your business in south africa.

A step by step guide to registering your small business. How to register a business in south africa. Some of the discussions in this guide could however be applicable to any type of taxpayer. To register a company in 3 easy steps click here. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high.

Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. 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. The registration number and documents for the company business. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. The funds must originate overseas be transferable to south africa and belong to the applicant i e.

There are five types of companies that you can register. A company is a legal person which has capacity and powers to act on its own. The aim is to discuss the typical taxation issues of an average business trading in south africa. Small business is often seen as a key potential driver of job creation equality and innovation in south africa. The small enterprise development agency seda provides business development and support services for small enterprises.

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. The sars income tax number for the business. In most cases an sme can be either a sole proprietorship or a partnership. What forms and documents are required to reserve a company name online in south africa. If you wish to run a franchise business you would register a private company.