How Do I Start A Pty Ltd Company In South Africa
The owners of a Private Company Pty. An upfront cost between R125 and R475 is involved depending on the type of business you are registering.
The supporting documents.
How do i start a pty ltd company in south africa. A private company Pty Ltd can have as many shareholders as it wants. 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. This process is actually quite simple.
A Private Company Pty limited is treated by South African law as a separate legal entity and has to register as a tax payer in its own right. And yes you can do it yourself. It is currently the most inexpensive and suitable legal business format for an entrepreneur or business man woman who wants to start a business.
Register your company You can register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission CIPC. A Pty Ltd is a private company that is trading for profit a separate legal entity distinct from its shareholders. Pty Company Registration is South Africas leading Company Registration Service Provider with a team of over 30 dedicated experts who have assisted over 20 000 South African Businesses to grow.
Youve come to the right place to register your company in South Africa. Different types of Companies in South Africa. A company is a legal person which has capacity and powers to act on its own.
The Private Company PTY has replaced the Close Corporation CC business registration format. But do not be fooled this is also one of the most challenging parts. We provide an effective and complete solution to register a Business in South Africa.
You can register online with Companies and Intellectual Property Commission CPIC. We consider it an honor to help you register. This is a limited liability entity and the registration process of a Pty Ltd is very cumbersome and professional help is almost always sought.
You need to consider which company structure will work best for your businesss setup and goals. Private company may be registered with or without a company name while a not for. Welcome to the fastest and most affordable company registration in South Africa.
All you need is an ID number and SA Address. Its possible to complete most of the registration process online although you also have the option of mailing in your application using self service terminals or processing your application through some bank branches. When a company is registered without a reserved name its registration number automatically becomes the company name with South Africa as the suffix.
The Holding Company will not trade with the subsidiaries but rather act as a central facilitator which holds shares on behalf of main shareholders within the group. How to Register a Company in South Africa. How and where do I register my company and can I do this myself.
The best route is to register as a Pty Ltd. Furthermore there is no statutory share capital requirement. A Close Corporation can also hold shares in a company and can become the holding corporation in.
You do NOT pay any audit fees until you become a massive business please refer to the Companies Act. You will need to provide the preferred names. Starting a Company in South Africa Ask any successful entrepreneur and they will tell you that the most exciting part was when they were Starting a Company.
Your preferred Company Structure is the first consideration you need to make when you want to register a new business at the Companies and Intellectual Property Commission CIPC. Ltd can be setup with 1 director and 1 shareholder both of whom can be foreigners residing abroad. A private company Pty Ltd cannot offer its shares to the public has fewer disclosure and transparency requirements and must compromise of at least one director.
The South African limited liability company proprietary limited company A South African limited liability company locally known as a proprietary limited company or Pty. Our specialists will assist you with all the requirements to Register a Company in South Africa and will help you with all the required documentation if applicable. A Private Company Pty limited has a separate life from its owners and is required by the The Companies Act No 71 of 2008 to perform rights and duties of its own.
This is the quickest way to register a company. Registering a business in South Africa is handled largely by the Companies and Intellectual Property Commission. Private Company Pty Limited South Africa.
In terms of the Companies Act 2008 a for profit company eg. A Holding Company is a Company that holds the shares within other companies acting as branches or subsidiaries which has a specific purpose. We have helped more than 50000 people to register companies in our 15 years in business and we are registering many new pty companies this year.
We do the hard work for you we will ensure that your PTY Company Registration previously known as a CC is successful.
