How To Register A 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.

How to register a small business in south africa. If you wish to run a franchise business you would register a private company. Some service providers offer shoddy service with false promises about timing etc. We always tell you what to realistically expect as we have done so for thousands of clients. 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. Each name reservation application costs r50.

It is important for a business person to register their business correctly. A company registration may vary between r125 and r475 r125 for a private company r475 for a non profit company registered without members. The convenience of business registration south africa is that you can do it online or in person at the designated terminals. There are five types of companies that you can register. An upfront cost between r125 and r475 is involved depending on the type of business you are registering.

How to register your business. The law sees a company in the same light as a natural person. Should i register my new small business for tax. The report s findings are based on a survey of 400 small business owners across 22 sectors in south africa and was compiled by www in partnership with xero a cloud based accounting software firm. The cipc self service terminals are located in pretoria johannesburg pretoria cape town or at an authorized bank like first national bank fnb.

A company is a legal person which has capacity and powers to act on its own. Register a sole proprietorship. You can register a company as a non profit company or profit company with the companies and intellectual property commission cipc. And yes you can do it yourself. Funding for various types of businesses is available through the industrial development corporation or the department of trade and industry s government investment incentives.

The south africa government services website has information on registering a business in all official languages. This process is actually quite simple. 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.