How much does it cost to register a small business in South Africa?

During each application process you may apply for up to four names during each application process. The cost: 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).

How much does it cost to register a company in South Africa?

If you want the company to have a name, then the minimum cost is R175. That is the CIPC fee of R50 for reserving the name and R125 for registration of a company. If you don’t register a name, you’ll end up with a company called something like K2020/001234/07.

How much does it cost to register a LLC in South Africa?


Different South Africa entity types Cost Draft invoice
Tax resident LLC US$12,480 View invoice PDF
Branch of a foreign company US$15,480 View invoice PDF
PLC company US$18,680 View invoice PDF
Industrial Development Zone company US$9,630 View invoice PDF
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How much does it cost to register a company at CIPC?

(R475 subject to allowed reduction). Payment of a filing fee of R250. Payment of R 250 fee.

What do you need to register a business in SA?

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.


Can I register a company at FNB?

FNB facilitates company registration with CIPC (Companies and Intellectual Property Commission). … FNB only offers company registration (including name reservation) services with CIPC. Please note all other applications will need to be done at CIPC directly.

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.

Can you form a LLC in South Africa?

A South African limited liability company (locally known as a “proprietary limited company” or Pty. Ltd.) can be setup with 1 director and 1 shareholder, both of whom can be foreigners residing abroad. … All LLCs must submit an annual return and financial statements to the Companies and Intellectual Commission (CIPC).

How do I register my business for free in South Africa?

How to Register a Company

  1. Step 1: Complete and submit your company registration application online. – Complete the online application with all your details. …
  2. Step 2: We’ll take care of the rest and register your company with the Cipc. – We’ll submit your proposed company names. …
  3. Step 3: The registration will be finalized. – The COR14.
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How long does it take to register a company with CIPC?

3 working days from the date of tracking an application. 10 working days from the date of tracking an application.

How do I get a CIPC certificate?

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

What is the next step after registering a company?

After you have finished registering your company, the next step is to open a bank account to get your company active.

How long does it take for a company to be registered?

How long does it take to register a Company? A Company certificate can be registered within 3-5 days afterward, depending on whether you have submitted your documents on time, and the workload of the registrar’s office.

How much tax does a sole proprietor pay in South Africa?

Owner is taxed on the profits at the applicable personal income tax rate. Company profits are taxed at flat rate of 28% (unless the company qualifies as a SBC or Micro Business registered for.

Should I register my small business?

Most business of any appreciable size need to be registered with one or more government agencies. The exception is small, one-person business, which can carry out many types of operations, without any formal registration. Small partnerships may not be required to register either.

Do Sole proprietors need to register with the state?

Sole proprietorships do not need to register with the state. … You may need to obtain certain business licenses and permits, file tax and employer identification documents, and file a Fictitious Business Name Statement.

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Hai Afrika!