How To Register A Small Business In South Africa

We always tell you what to realistically expect as we have done so for thousands of clients.

How to register a small business in south africa. If you wish to run a franchise business you would register a private company. You can register online with companies and intellectual property commission cpic. You can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. This process is actually quite simple. There are five types of companies that you can register.

How to register your business. Register a sole proprietorship. A company is a legal person which has capacity and powers to act on its own. And yes you can do it yourself. Should i register my new small business for tax.

Each name reservation application costs r50. The law sees a company in the same light as a natural person. The registration process will mean that your name is reserved and you are the official entity that can trade under that specific name within south africa. For every new business established you are required to register with your local sars office to obtain an income tax reference number. Register your company you will need to deposit r125 for company registration without a name reservation or r175 for a company registration with a name reservation into the cipc bank account.

Some service providers offer shoddy service with false promises about timing etc. The south africa government services website has information on registering a business in all official languages. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. The first step in starting a business is naturally to have a name and have it registered with the companies and intellectual property commission of south africa. The convenience of business registration south africa is that you can do it online or in person at the designated terminals.

The cipc self service terminals are located in pretoria johannesburg pretoria cape town or at an authorized bank like first national bank fnb. Funding for various types of businesses is available through the industrial development corporation or the department of trade and industry s government investment incentives. An upfront cost between r125 and r475 is involved depending on the type of business you are registering.