CIPC Company Registration – Company Registration South Africa
Category: Registering a Company in South Africa – CIPC Registration
Company Registration South Africa: You can register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission (CIPC). A company is a legal person which has capacity and powers to act on its own. The law sees a company in the same light as a natural person.
Profit companies may be incorporated under different types of companies under the Companies Act.
In terms of the Companies Act, 2008, a company may be registered with or without a company name. When a company is registered without a reserved name, its registration number automatically becomes the company name. 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).
If your initial name reservation application is not approved, you will need to apply for new names. You may apply for between 1 and 4 names during each application process. Each name reservation application costs R50. 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. If you wish to run a franchise business, you would register a private company. If you wish to register a church, you would register a non-profit company. A private school could be registered as a private company or non-profit company, depending on its objectives. An association of professionals such as lawyers, doctors, civil engineers etc, may be registered as a personal liability company.
Registering a Company in South Africa – CIPC Online Company Registration
Register your company from the comfort of your house or office. Simply complete the application form below:-
As part of the application you will receive :-
- the company name reservation confirmation
- the company registration certificate and number
- the company income tax number
You application will be finalized in 3 easy steps :-
Step 1: Submit your application online
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- Select your company type above and complete the online application.
- You’ll receive a confirmation email with a reference number for payment.
- To speed up your registration, please use the reference number when making payment.
Step 2: All registration documents will be lodged with the Registrar
- We’ll submit the proposed company name(s) for reservation with the Companies Commission.
- The first available company name will be reserved.
- The company application with the approved name and supporting documents will be filed for registration.
Step 3: The company registration certificate will be emailed to you
- You’ll receive the COR14.3 company registration certificate via email from us.
- The company income tax number will also be sent to you via email and SMS.
- All company registration documents will be available to download (the links will be provided in our confirmation email)
- A business bank account can be opened with the COR14.3 registration certificate.
- You can now apply for a Tax Clearance Certificate (good standing or tender) and/or Bee Affidavit.
Business Registration South Africa – Registering a Business in South Africa
Category: Company Registration South Africa – How to Register a Business in South Africa
CIPC registers Companies and Co-operatives. It is not necessary for all businesses to formalise by registering with the CIPC. For some businesses, such as informal businesses and sole proprietors, there may not be sufficient benefits.
Businesses that wish to transact with government and the formal sector, or that wish to access certain types of government support, are generally required to be registered with the CIPC. For these businesses, there may also be tax benefits to registration, as registered businesses have a lower tax rate than individuals. Even though you may not be registered with the CIPC, you will still have to be registered with the South African Revenue Services and will still be liable for tax if your turnover exceeds the prescribed threshold.
Registering a business is simple and inexpensive if you follow the steps outlined on our website, the first step being registered as a CIPC customer. However, it brings with it certain responsibilities, irrespective of whether the business is trading. For example, you will need to file an annual return and pay an annual fee.