Register A Company In South Africa Requirements
Your business must be registered with Companies and Intellectual Property Commission CIPC. Those funds must begin in your existing bank account overseas and get transferred to South Africa.
You can register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission CIPC.
Register a company in south africa requirements. - the Company Income Tax Number for Tax Clearance Certificates etc. To register a private company you will complete either a CoR 151A for a standard private company or a CoR 151B for a customised private company and a CoR 141. How we Setup your Holding Company Structure.
Company registration at the CIPC isnt compulsory to run a legal business in South Africa. Following six months to one year of work youll need to submit proof that your business employs citizens of South Africa. Available Platforms for name reservations.
There are services which facilitate this process which will allow you to complete your registration online with minimum fuss. A company is a legal person which has capacity and powers to act on its own. 6 Registration Documents most new South African Companies need Register a Company CIPC CoR143 CoR141 CoR141A and MOI CoR151A.
Private companies may be registered with a standard or a customised MOI. A business may also register voluntarily if the income earned in the past 12-month period exceeded R50 000. We need to Register a Company as the holding company and appoint the main directors and shareholders.
2 Shareholding of the Holding Company. Company Registration offers you both a company registration number and. Simply complete the application form below make payment and well take care of the rest.
You must register your business for Value Added Tax VAT if the total value of taxable goods or services is more than R1 million in a 12-month period or is expected to exceed this amount. As part of the application you will receive -. The law sees a company in the same light as a natural person.
Banks as part of company registration process Associated name reservations or names requiring supporting. Why use Company Partners to Register a Company. It is however extremely helpful.
All companies must have a Memorandum of Incorporation MOI which sets out the rules agreed by the shareholders for the management and maintenance of the business. - the Company Registration Certificate. - the Company Name Reservation confirmation.
1 Register the Holding Company. Register with the SARS Whether youre running a sole proprietorship a partnership or a private company you have to be registered with the South African Revenue Services SARS. From there we will Register the other Subsidiaries and setup the shareholding within each Company in the group.
All thats required is that you are at least 18 years of age an ID document Passport and a South African Business Address. Foreign nationals looking to set up a South Africa subsidiary will need to invest 25 million ZAR in the company. New E-services wwwcipccoza Online Transacting New E-services.
If youve registered a company with CIPC youll automatically be registered as a tax payer with SARS.
