How To Register Your Small Business In South Africa

A company is a legal person which has capacity and powers to act on its own.

How to register your small business in south africa. Sole proprietors or partners need to register as provisional tax payers directly. Alternatively the company can register as an external company in terms of section 23 of the companies act. You can register online with companies and intellectual property commission cpic. Register as a vat vendor. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc.

Non south african applicants need passport copy as proof. Funding for various types of businesses is available through the industrial development corporation or the department of trade and industry s government investment incentives. For every new business established you are required to register with your local sars office to obtain an income tax reference number. 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. Registering a business the south africa government services website has information on registering a business in all official languages.

And yes you can do it yourself. How to register your business. Companies registered outside south africa may conduct business in south africa in two ways. They provide a wide range of benefits to the company and company principals. An upfront cost between r125 and r475 is involved depending on the type of business you are registering.

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. 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. We always tell you what to realistically expect as we have done so for thousands of clients. Register a sole proprietorship. It is important for a business person to register their business correctly.

The convenience of business registration south africa is that you can do it online or in person at the designated terminals. Power of attorney if required. The name confirmation certificate cor9 4 which is an application form downloaded at cipc. Some service providers offer shoddy service with false promises about timing etc.