Your question: What is required to register a business in South Africa?

​For every new business established, you are required to register with your local SARS office to obtain an income tax reference number. Registration must be done within 60 days after starting operations by completing an IT77 form, available at your local SARS office or from the SARS website.

What do I need to register a business in South Africa?

You can now register a business in South Africa for R175 – here’s what you need to know

  1. Company registration;
  2. Tax registration number;
  3. Domain name registration;
  4. B-BBEE Certificate;
  5. Compensation Fund registration;
  6. Unemployment Insurance Fund registration;
  7. Business bank account.

How much does it cost to register a small business 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 are needed to register a company?

The following supporting documents are required: o Certified identity copy of applicant; o Certified copies of the Identity Documents or passport of the Directors and Incorporators; o The name confirmation certificate (COR9.

What are the requirements for the registration of a business?

The applicant will be required to furnish details of the shareholders of the company. Details such as names, occupation, residential address, email address, mobile phone number and means of identification such as driver’s license, international passport or national identity card.

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Can I run a business without registering?

It is entirely legal to operate as a sole proprietorship without registering your company. … You can’t legally use any business name until you have registered it as an officially recognized business entity, both with your local state authorities and with the Internal Revenue Service.

What is CK certificate?

The CK or CM company registration certificate to be submitted to the CIDB, should be the latest and should reflect “In business” under enterprise status with fully paid up CIPC annual returns. … If your company is a close corporation, the latest downloaded ordinary CK document shall suffice.

Do I need to register my small business in South Africa?

​For every new business established, you are required to register with your local SARS office to obtain an income tax reference number. Registration must be done within 60 days after starting operations by completing an IT77 form, available at your local SARS office or from the SARS website.

How do I get CK documents?

1. Visit the CIPC website www.cipc.co.za, and click on Download certificates. Select Forgot Password if you require your customer password to be resend to you.

Do I need to register a sole proprietorship in South Africa?

Considering that a sole proprietorship is not a legal entity, registration is not necessary apart from the standard legal and tax requirements. However, you will be required to register the business with the South Africa Revenue Service (SARS) for purposes of tax returns.

What is CIPC registration?

CIPC registers Companies and Co-operatives. … 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.

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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.