How To Register Business In South Africa
Learn How To Register Business 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.
In terms of the Companies Act, 2008, a for profit company (e.g. private company) may be registered with or without a company name while a not for profit company must have a name. When a company is registered without a reserved name, its registration number automatically becomes the company name with (South Africa) as the suffix. This is the quickest way to register a company.
Such a company may transact with a trading (business) name, or may apply to add a reserved name at a later stage. In this case, the company will need to first reserve a name and then apply for a name change, which constitutes a change to its Memorandum of Incorporation (MOI) (refer to Maintain a Business).
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).
What documents do I need 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 long does CIPC take to register a company?
Currently names are taking about one to seven business days, as soon as you receive the name and submit for registration it can also take one to seven business days, anywhere in between. SwiftReg is receiving companies back that have been submitted on the same day.