How To Register Business South Africa

The government will tax partners in the business depending on the share of ownership.

How to register business south africa. 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. A certified copy of the applicant s id. We always tell you what to realistically expect as we have done so for thousands of clients. Certified copy of 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.

How to register your business. Register a sole proprietorship. A certified copy of the id of all the directors and incorporators of the company. Should i register my new small business for tax. 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.

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. Some service providers offer shoddy service with false promises about timing etc. The registration cost is 125 zar and this money can be paid via wire transfer. It is important for a business person to register their business correctly. Companies registered outside south africa may conduct business in south africa in two ways.

A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. Non south african applicants need passport copy as proof. 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. You may apply for between 1 and 4 names during each application process. There are five types of companies that you can register.

To complete the company registration process you will the following supporting documents. For every new business established you are required to register with your local sars office to obtain an income tax reference number. Each name reservation application costs r50. At the time of registering a company you need to be 18 years or older. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members.