How To Register A Small Business In South Africa Pdf

In most cases an sme can be either a sole proprietorship or a partnership.

How to register a small business in south africa pdf. Seda will give you all the information you need to start a business including how to write a business plan and once you have a business to grow it. Regardless of whether you are a making profit or the size of your company there are advantages to registering your business in south africa. Small business is often seen as a key potential driver of job creation equality and innovation 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. There are five types of companies that you can register.

The registration number and documents for the company business. This guide is a general guide dealing with the taxation of small businesses such as sole proprietors partnerships and companies not part of large groups. A step by step guide to registering your small business. A company is a legal person which has capacity and powers to act on its own. The aim is to discuss the typical taxation issues of an average business trading in south africa.

The department of labour has useful tips for self employment. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. If you wish to run a franchise business you would register a private company. The small enterprise development agency seda provides business development and support services for small enterprises. The business must also create jobs for south african citizens.

The national development plan argues that small business can open new opportunities to create jobs as well as be a route to economic empowerment. The sars income tax number for the business. These include business name protection tax incentives financial assistance and business compliance. What forms and documents are required to reserve a company name online in south africa. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high.

Each name reservation application costs r50. The funds must originate overseas be transferable to south africa and belong to the applicant i e. Some of the discussions in this guide could however be applicable to any type of taxpayer. How to register a business in south africa. To register a company in 3 easy steps click here.