How To Register Business South Africa

You may apply for between 1 and 4 names during each application process.

How to register business south africa. The government will tax partners in the business depending on the share of ownership. The easiest and most common way of registering however is via online through the cipc website portal. For every new business established you are required to register with your local sars office to obtain an income tax reference number. Should i register my new small business for tax. A certified copy of the id of all the directors and incorporators of the company.

How to register your business. Non south african applicants need passport copy as proof. Each name reservation application costs r50. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. 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.

To complete the registration process the following supporting documents are needed. The registration cost is 125 zar and this money can be paid via wire transfer. Certified copy of applicant s id. Alternatively the company can register as an external company in terms of section 23 of the companies act. Register a sole proprietorship.

We always tell you what to realistically expect as we have done so for thousands of clients. Some service providers offer shoddy service with false promises about timing etc. Firstly the company can register a south african subsidiary. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. 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 certified copy of the applicant s id. There are five types of companies that you can register. 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. 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.