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How to Register a Company in South Africa

How-to-Start-a-Small-Retail-Business

“South Africa remains one of the more poorly-performing countries with regards to entrepreneurial activity, despite the factors which are conducive to entrepreneurial ventures, including government policies and programmes aimed at stimulating entrepreneurship,” as stated by the researchers of the latest edition Global Entrepreneurship Monitor (GEM).

So just how do you register a company in South Africa and start your business.

The CIPC (companies and intellectual property commission), which has replaced the previously known CIPRO. CIPC is the body that performs company registrations in South Africa. The CIPC has put cost effective structures in place to ensure that all entrepreneurs with a vision to start a business can register a company fairly simply.Setting up the business in terms of registrations is the easy part when starting a business. Below is some information you need to know when registering a business and once you have registered a business what the requirements as a start-up are.

The company registration of a private company can cost as little as R550 allowing you to benefit from the advantages of Private company as a business owner.

Once your business is registered you can now open a business account ant any major bank in South Africa. There are other requirements to start a business in South Africa such as tax requirements. SARS registrations for your start-up will vary depending on factors such as number of employees, import and export activities of your start-up and other factors. The basic SARS Business Registration will cost R250. If other thresholds are met SARS registrations can cost an additional R250.

Please note: you will need the company registration certificate to open a business account.

Visit Phase One to save 25% on start-up packages for your business, including company registrations and all vital SARS registrations.