What documents do I need to register a company in South Africa?
What is needed to register a company in South Africa?
- Proof of Address no older than 3 months.
- Latest 3-month bank statement.
- Proof of Identification.
- Directors proof of identification.
- SARS document including income tax number.
How much do you need to register a company 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).
How do I register my own company in South Africa?
You can register your company online on the Companies and Intellectual Property Commission (CIPC) website, or on the Bizportal.gov.za website, a platform created by the CIPC that offers company registration and related services. You can also register your company via a bank, including Nedbank and First National Bank.
How much does it cost to register a company at FNB?
CIPC charges a fee of R125 for registration and R50 for name reservation of a company. The application will be closed if payment and necessary documentation is not received within 7 days of starting the process. FNB only offers company registration (including name reservation) services with CIPC.
Should I register my small business?
Most business of any appreciable size need to be registered with one or more government agencies. The exception is small, one-person business, which can carry out many types of operations, without any formal registration. Small partnerships may not be required to register either.
Do small businesses pay tax in South Africa?
Turnover tax is a simplified tax system for small businesses with a qualifying turnover of not more than R1 million per annum. It is a tax based on the taxable turnover of a business and is available to sole proprietors (individuals), partnerships, close corporations, companies and co-operatives.
Can you open a business account with capitec?
Open a business account You can open an account in-person at one of our business centres or alternatively get in touch with us below to open an account online. The online option is available only to sole proprietors, companies, and closed corporations.
How do I register a company in South Africa?
By logging onto the CIPC website and looking for the “New Companies” link under the “Companies” tab, one can register a business online in South Africa. Options available online: Register as a customer. Register as a company. Register as a co-operative.
What is a company registration?
A company registration number is a unique combination of numbers and, in some cases, letters. The company registration number (also known as the company number, registration number or simply abbreviated to CRN) is used to identify your company and verify the fact that it is an entity registered with Companies House.