How To Register Your Small Business In 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. The CIPC self-service terminals are located in Pretoria Johannesburg Pretoria Cape Town.
Please note that we do not require any documents from you the only Company Registration requirements is your SA ID number and address.
How to register your small business in south africa. Another option thanks to a partnership between the CIPC and First National Bank is that you can also register your business through FNB online or in. You can register online with Companies and Intellectual Property Commission CPIC. Funding for various types of businesses is available through the Industrial Development Corporation or the Department of Trade and Industrys Government Investment Incentives.
You can either complete your registration online or in-person at the designated terminals. In most cases the total cost to register your business will be less than 300 but fees vary depending on your state and business structure. The easiest way to register with SARS is to visit the eFiling website.
It is however extremely helpful. Before you can get into the registration process for your business you will need to be. One that has not yet been registered.
Company Registration offers you both a company registration number and. You can register a Company or Co-operative with CIPC. CIPC or contact CIPC on 086 100 2472.
Should I register my new small business for tax. You should also secure the domain name of your business. Once youre registered SARS will automatically issue you with a tax reference number.
Reserving a company name. Some of the documents required by the CIPC to register a company in South Africa. The information youll need typically includes.
If youre not a South African citizen you can still register a company. An upfront cost between R125 and R475 is involved depending on the type of business you are registering. In terms of the Companies Act 2008 a for profit company eg.
And yes you can do it yourself. Company registration in South Africa 1Having the right documentation. Start by reserving a name for your business.
Choose your company name. The Department of Trade and Industry DTI has launched the pilot phase of a new business. Ownership management structure or directors.
The first step in starting a business is naturally to have a name and have it registered with the Companies and Intellectual Property Commission of South Africa. For every new business established you are required to register with your local SARS office to obtain an income tax reference number. You can now register a business in South Africa for R175 heres what you need to know.
How to register your small business in South Africa Register as a customer at CIPC. Registering a business The South Africa Government Services website has information on registering a business. A company is a legal person which has capacity and powers to act on its own.
The documents that you need to register a Company in South Africa. Other ways to register If you prefer to get things done in person you can visit the CIPC self-service terminals in Pretoria Joburg or Cape Town. Once youre on the site simply click Register Now to get started.
It is important to choose a unique name for your business. With the Companies and Intellectual Property Commission CIPC. This will give credibility to your business and reserve the space online for when you are ready to launch a website.
Click on the relevant type of enterprise you would like to register. When a company is registered without a reserved name its registration number automatically becomes the company name with South Africa as the suffix. Heres exactly what is needed for registering a company online.
The registration process will mean that your name is reserved and you are the official entity that can trade under that specific name within South Africa. The law sees a company in the same light as a natural person. This is the quickest way to register a company.
Alternatively you can do this via MobiApp which can be downloaded on the Play Store or App Store. Private company may be registered with or without a company name while a not for profit company must have a name. From there you will need to carry out a name.
Business registration in South Africa comes in two effective ways. This process is actually quite simple. Company registration at the CIPC isnt compulsory to run a legal business in South Africa.
You will need to file for a company name that will identify your business in the Memorandum.
