South Africa is one of the
highest economies that comes to be easier to do business. As the second largest
economy in Africa, the country draws attention from the international trade community.
The business environment is considered challenging by some entrepreneurs, who
hinder a piece of cake, a business has to be disciplined to take advantage of
closure opportunities. If you are planning to set up a shop in this area, you
must first follow certain administrative actions, legal rules, and legal
requirements. Find out how to register a business in South Africa.
Required Documentation
Some documents required by CIPC to register a company in
South Africa include completed copies of the Foundation's Notice and
Memorandum. You can download them on the website of the committee
Other personal documents or supplies that you must provide
are:
- IDs or passports of founders and directors.
- Identity copy of the applicant if none of the directors’ register.
- Power of attorney for signing all related documents on behalf of the founder if he/she is a legal person.
- Certified copy of proof of identity to identify a power of attorney for the previous action.
- Valid reservation in case of pre-registration.
Reserving a company name
You must submit a company name to
your business memorandum. There are three options for registration: a
registered company that uses his / her name and file registration. Before the
start of the booking, you need to find the name CIPC to make sure that another
company has a brand or name. CIPC does not carry out proprietary information to
the owners of the company because it is registered on CIPC's online services on
the main affiliate portal. The last option is the company name.
Registering with SARS
All companies must meet the tax
liability. In our case, a private company will automatically register with a
taxpayer if the company is based on CIPC. Otherwise, for entrepreneurs or other
types of companies registered by independent partners, they must begin to
register with SARS within 60 days.
Registering with CIPC
The way to register activities in
South Africa is that you can do online or in certain terminals. The CIPCself-service terminals are located in Pretoria, Johannesburg, Pretoria, Cape
Town or the authorized bank, such as the First National Bank (FNB). The total
value of the registration is as per the costs of the R175. Register the
following document or information:
- confirmed contact information for directors and owners
- Identification information of the owner or passport
- Details of physical location, e-mail and bank details
- Signed copy of registration forms