How To Register A Small Business In South Africa Pdf

Some of the discussions in this guide could however be applicable to any type of taxpayer.

How to register a small business in south africa pdf. These include business name protection tax incentives financial assistance and business compliance. The sars income tax number for the business. What forms and documents are required to reserve a company name online in south africa. The registration number and documents for the company business. 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. The small enterprise development agency seda provides business development and support services for small enterprises. After six months to a year proof will have to be submitted that the business is employing south african citizens or permanent. Regardless of whether you are a making profit or the size of your company there are advantages to registering your business in south africa.

There are five types of companies that you can register. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. Register your company you can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. In most cases an sme can be either a sole proprietorship or a partnership. How to register a business in south africa.

The business must also create jobs for south african citizens. Small business is often seen as a key potential driver of job creation equality and innovation in south africa. A step by step guide to registering your small business. In manufacturing small business accounts for only a tenth of revenue. The aim is to discuss the typical taxation issues of an average business trading in south africa.

The national development plan argues that small business can open new opportunities to create jobs as well as be a route to economic empowerment. 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. Emanate from the applicant s own bank account. A company is a legal person which has capacity and powers to act on its own. To register a company in 3 easy steps click here.