How To Register A Small Business In South Africa Pdf

Small business is often seen as a key potential driver of job creation equality and innovation in south africa.

How to register a small business in south africa pdf. The aim is to discuss the typical taxation issues of an average business trading in 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. Each name reservation application costs r50. The business must also create jobs for south african citizens. The national development plan argues that small business can open new opportunities to create jobs as well as be a route to economic empowerment.

Some of the discussions in this guide could however be applicable to any type of taxpayer. 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. A step by step guide to registering your small business. Emanate from the applicant s own bank account.

These include business name protection tax incentives financial assistance and business compliance. The registration number and documents for the company business. Seda will give you all the information you need to start a business including how to write a business plan and once you have a business to grow it. After six months to a year proof will have to be submitted that the business is employing south african citizens or permanent. If you wish to run a franchise business you would register a private company.

Regardless of whether you are a making profit or the size of your company there are advantages to registering your business in south africa. In most cases an sme can be either a sole proprietorship or a partnership. There are five types of companies that you can register. How to register a business in south africa. 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.

A company is a legal person which has capacity and powers to act on its own. To register a company in 3 easy steps click here. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. The department of labour has useful tips for self employment. The sars income tax number for the business.