How To Register Your Small Business In South Africa

Non south african applicants need passport copy as proof.

How to register your small business in south africa. They provide a wide range of benefits to the company and company principals. How to register your business. The report s findings are based on a survey of 400 small business owners across 22 sectors in south africa and was compiled by www in partnership with xero a cloud based accounting software firm. Funding for various types of businesses is available through the industrial development corporation or the department of trade and industry s government investment incentives. And yes you can do it yourself.

Firstly the company can register a south african subsidiary. Power of attorney if required. Sole proprietors or partners need to register as provisional tax payers directly. This process is actually quite simple. Register as a vat vendor.

Companies registered outside south africa may conduct business in south africa in two ways. Register a sole proprietorship. It is important for a business person to register their business correctly. 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. An upfront cost between r125 and r475 is involved depending on the type of business you are registering.

For every new business established you are required to register with your local sars office to obtain an income tax reference number. The name confirmation certificate cor9 4 which is an application form downloaded at cipc. You can register online with companies and intellectual property commission cpic. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. When you start a business you will be required to register within 60 days of starting a business for an income tax reference number by completing a it77 form either at any sars office or online.

We always tell you what to realistically expect as we have done so for thousands of clients. A company is a legal person which has capacity and powers to act on its own. Some service providers offer shoddy service with false promises about timing etc. The cipc self service terminals are located in pretoria johannesburg pretoria cape town or at an authorized bank like first national bank fnb.