How To Register Business South Africa

For every new business established you are required to register with your local sars office to obtain an income tax reference number.

How to register business south africa. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. A certified copy of the id of all the directors and incorporators of the company. 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 government will tax partners in the business depending on the share of ownership. Some service providers offer shoddy service with false promises about timing etc.

We always tell you what to realistically expect as we have done so for thousands of clients. Each name reservation application costs r50. To complete the registration process the following supporting documents are needed. Below we have laid out a step by step diy on how to register your company simply by using the companies and intellectual property commission cipc website portal www. You may apply for between 1 and 4 names during each application process.

How to register your business. Should i register my new small business for tax. Certified copy of applicant s id. In order to register the company online the applicant in this case the foreign entrepreneur has to register themselves as a customer on the cipc website. To complete the company registration process you will the following supporting documents.

Vital documents needed to start a business in south africa after starting your business operations you are required by law to register for an income tax reference number from the exchequer within 60 days. There are five types of companies that you can register. Register a sole proprietorship. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. Alternatively the company can register as an external company in terms of section 23 of the companies act.

A company is a legal person which has capacity and powers to act on its own. A certified copy of the applicant s id. Registering a business in south africa has become so easy the need to leave your house and stand in never ending queues is long gone in our technologically advanced world. At the time of registering a company you need to be 18 years or older. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc.