South africa register of companies. Pty Ltd - Proprietary limited company.

Shares with no par value. External companies are companies that are carrying on business or non-profit activities within South Africa. You can operate under your name or some other fictitious name (trade name), as this helps with the marketing of your business. All new business entities must now be formed as Companies. Go to Co & CC Financial Year End Change. Register with the CIPC. A valid South African identity document/passport (not older than 3 months). With InfoDocs you can create professional, good-quality share registers with just the click of a few buttons. A company name must, in terms of section 11 (3) (c) of the Act, irrespective of its form or language, end with one Apr 6, 2023 · Norebase 6th April 2023. Methods: This cross-sectional descriptive pilot study was conducted across pharmaceutical companies, both local and multinational. Company Registration Certificate (COR14. Companies and Intellectual Property Commission (CIPC) If you are the owner of the contact information below, you can send updated contact information to electronic@gcis. Different types of Companies in South Africa. Through the Bizportal, an entrepreneur can register a business within a few hours for a minimal cost of R125. Once your company is registered, you will receive a registration certificate, which confirms that your company is now a legal entity in South Africa. Section 11 (1) (a) of the Companies Act, states that a company name “ may comprise one or more words in any language, irrespective of whether the word or words are commonly used or Apr 21, 2022 · Absolutely! Foreigners who want to do business in South Africa must, without a doubt, register a company. These types of companies are required to register within the first 20 days in which they start to carry out activities as either an external non-profit company or as an external company. A Holding Company is the mother ship. Registries in the Americas. Your preferred Company Structure is the first consideration you need to make when you want to register a new business at the Companies and Intellectual Property Commission (CIPC). In 2021, the Financial Action Task Force (“ FATF ”) released its Register a Trademark. The private company structure is by far the most common type of company registered in South Africa, due to its efficiency and simplicity. You can register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission (CIPC). The easiest way to start your business (if you are on your own) is a Sole Proprietor. A company is a legal person which has capacity and powers to act on its own. Mar 1, 2024 · The CIPC acts as the central authority for company registration in South Africa. The FATF (Financial Action Task Force) recommendations pertaining to beneficial ownership transparency within South Africa, resulted in amendments to the Companies Act, 71 of 2008 (amongst other pieces of legislation), brought about by the General Laws (anti-money Laundering and Combatting Terrorism Financing) Amendment Act, 22 of 2022. Registration can all be done online, but this requires a South African ID. In this case, a third-party service provider will likely need to assist with the company set-up. Who we are; Board; Executive Management; Expressions of Interest; Digital Transformation. Exchange control 3. Application for extension of name reservation. The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country. Should such foreign company wish to establish business operations in South Africa, it may be required either establish a branch of the company by registering the foreign company as an “external company” in terms of the Companies Act or by incorporating a Jul 19, 2023 · The Companies and Intellectual Property Commission (“CIPC”) released its Beneficial Ownership Register on the 1st of April 2023. 3) All CIPC Fees Covered. co. It holds various businesses within one corporate entity. In South African corporate law, a director is a person appointed or elected to the board of a company, responsible for steering the company towards sustainable profitability while ensuring legal compliance. Number of Non-profit Companies 202. ENS. Governed by specific provisions outlined in the Companies Act, as well as the Financial Markets Act of 2012, the process ensures transparency, accountability, and legal protection for investors and BizPortal is a platform developed by the Companies and Intellectual Property Commission (CIPC) to offer company registration and related services in a simple seamless digital way which is completely paperless. This fee covers the registration of the individual security officers with PSiRA. Company registration service providers typically offer tiered packages. 3. If you prefer this option, select Continue without a Jul 1, 2024 · Top 160 largest South African Companies by Market Cap. Must be accompanied by filing fee of R50 if filed manually, or R30 if filed electronically; and a statement required in Apr 25, 2016 · It boggles the mind that there is a corporation out there trading in the name of the REPUBLIC OF SOUTH AFRICA CIK#: 0000932419. If you are a foreign national, we’ll require a copy of your passport document as well. The Sole Proprietor is not a legal entity. Indicate whether you are South African or not; Type in ID or passport number; register a domain name for your company; UPDATE CONTACT DETAILS Mar 7, 2023 · As will be discussed further below, it is crucial that your name is properly registered on the share register of the company. Jan 10, 2020 · Section 24 (5) of the Act requires that the company’s record of directors must include the following information of each director: name and registration number of every other company or foreign company of which the person is a director. May 19, 2023 · The development of a beneficial ownership register by the CIPC is aimed at addressing FATF's Recommendation 24, which requires South Africa to ensure that authorities have access to beneficial ownership information on legal persons and to impose sanctions for breaches or violation of beneficial ownership obligations, and was one of the FATF's Board meetings. The pharmaceutical companies supply both the private and public sectors. Updated on: 15/08/2023 An application to incorporate will be filed by the proposed registered agent to the Registrar. You can use the registration number with the suffix (South Africa) of the company as a name. The company must keep these Mar 30, 2023 · Follow these steps to register your company in South Africa through their website: Visit the CIPC website and create an account as a customer. ). Share certificate example. Sep 13, 2023 · The CIPC is responsible for the registration of companies and intellectual property rights (trademarks, patents, designs, and copyright) in South Africa. So even if you launch your business single-handedly, this Full Registration Completed in 24-hours . Contact Us 0800 007 269 (Toll Free) Get a Shelf Company in South Africa with a 1 Year and Older Registration Number. It is relatively easy to incorporate a Private Company; also known as Proprietary Limited Company (Pty Limited) in South Africa. You will also receive your company’s Memorandum of Incorporation, which outlines the rules and regulations of your company. Just market your service or product and start selling. Thousands of South Africans use a holding structure to setup their business. 4 billion. This involves choosing a company name, selecting a business structure, and submitting the necessary documents and fees to the CIPC. Here are the different registration processes based on the company: 1. About us. Useful information on business start ups and company registration is available from the US Department of State. Sep 28, 2023 · In this guide, we will walk you through the necessary steps and provide you with important information on how to register your company in South Africa. There is a opportunity for widespread corruption and fraud if their representatives are not legitimate. Steps to register a company with CIPC, documents needed to start a business in South Africa. Profit companies may be incorporated under Search 2 millions South African companies. Feb 7, 2023 · In terms of the Companies Act, of 2008, a for-profit company (e. Reserving a company name is totally optional. A private company, Pty Ltd or proprietary limited company is treated as a seperate legal entity. Immediately and Online. eCTD Submissions Portal; Quality Management System; Regulatory Partnerships Numerous forms of businesses in South Africa can be formed by investors. Establishing a business here will provide entry into a bigger African market with a consumer base of 1. It is usually a small company that is owned and operated by a single proprietor. Step 1. For additional information on our company incorporation services in South Africa, please contact our in-house country expert, Mr. R30 electronic filing. How to register a company number online and what are the costs. In South Africa, The Companies Act 71 of 2008 (“the Act”) sets out the guidelines regarding the determination of shareholders and shareholding. Please note that you now have to login before conducting any search. 50-02-01 (2020) 38 pages ISBN: 978-0-621-50396-8 A complete set of Stats SA publications is available at Stats SA Library and the following libraries: National Library of South Africa, Pretoria Division Eastern Cape Library Services, Qonce Apr 18, 2024 · Starting a security company in South Africa involves navigating a series of legal requirements and operational guidelines to ensure compliance and effectiveness. The Companies Act 71 of 2008 (“Companies Act”), has set out the specific criteria in respect of a company name. CB Rank (Hub) 4,645. Jan 20, 2024 · What is company registration? Company registration is the process of officially forming a company and getting it registered with the Companies and Intellectual Property Commission (CIPC) in South Africa. Mar 6, 2024 · In South Africa, the registration and transfer of securities play a crucial role in the functioning of companies and the broader financial market. Percentage of Public Organizations 2%. The Companies Act, 2008 (“Companies Act”) defines a company that is incorporated outside of South Africa as a “foreign company”. South Africa November 7 2023. LEGISLATION. Register your company. It was established in May 2011, replacing the former Companies and Intellectual Property Registration Office (CIPRO). This is done in compliance with the Protection of Personal Information regulations. The Bizportal allows an entrepreneur to register a Company, Company name, Tax registration number, Domain name registration, B-BBEE Jan 19, 2023 · Incorporating a South African company typically takes about 10-15 working days, once all the required documentation is submitted to CIPC. The current cost for registering a private Aug 10, 2023 · Company Registration CIPC allows for the registration of various types of businesses in South Africa. Since private companies are regarded as separate legal entities from shareholders, they offer shareholders protection against liabilities incurred by the company. The main challenge for registration of a company in South Africa for BizPortal - Brought to you by the CIPC Sep 14, 2023 · Step 3: Obtain Your Company Documents. Ltd. 770. Effective May 1, 2011, the Companies Act of 2008 eliminated the option of registering new Close Corporations in South Africa. You will get details such as the company’s postal address, the company name, and registration number. The cost is only In keeping with addressing deficiencies outlined by the FATF and its consequential grey listing of South Africa, the CIPC has been mandated in terms of the General Laws Amendment Act, the Companies Act and its Regulations to establish a register of Beneficial Owners (BOs) for all entity types registered in terms of the Companies Act and the Close Corporations Acts as amended. (c) Accordingly, companies often entrusted these functions to their auditors. BizPortal is a platform developed by the Companies and Intellectual Property Commission (CIPC) to offer company registration and related services in a simple seamless digital way which is completely paperless. The company is also required to keep a register of its shares and its company Oct 23, 2015 · A public officer must be appointed for every company that is carrying on business or has an office in South Africa within 30 days of commencing business. While the Protection of Personal Information Bill (PoPI) and the Financial Markets Act 2012 (FMA) will have an influence on the manner in which companies and Strate respectively deal with personal information, access to the companies’ share registers by the shareholders The new Companies Act 71 of 2008 (the Act) came into operation on 1 May 2012 and had inter alia a huge impact on the description of Companies in deeds and documents, lodged at a deeds registry for registration. Jun 21, 2021 · The requirements for the registration of an external company in South Africa in terms of section 23 (1) of the Companies Act is that an external company must register with the CIPC within 20 business days after it first begins to conduct business in South Africa either as: an external non-profit company if, within the jurisdiction in which it A private company is the most common choice for foreigners looking to register company in South Africa, and is the equivalent of a Limited Liability Company (LLC) in other jurisdictions. za and create a May 21, 2021 · To register a company in South Africa, the process may differ based on the company in view. Percentage Acquired 5%. Number of For-Profit Companies 9,481. The role is pivotal in strategic decision-making and governance. Ensure you have deposited enough money into your CIPC account to complete your process. There are two business forms open to foreigners in South Africa. These include: Registering the company with the CIPC and submitting a MOI that complies with the Companies Act of 2008. You can complete your registration within three easy steps at Company Partners. The Companies Act 71 of 2008 intends: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic; to define the relationships between companies and their Contact us. Learn more about how to register a subsidiary company in South Africa. Application to reserve a company name. These companies were based in South Africa and were also members of Pharmaceutical Industry Association of South Africa (PIASA). Stock is limited. (b) Failure to file the above forms timeously was a criminal offence. It’s important to ensure that all the documentation is May 3, 2019 · When a foreign company or external company whose registration has been transferred to South Africa and will exist as a company in terms of the Companies Act is called the domesticated company. Business owners can choose from packages that only offer basic services such as company registration and VAT registration to a more premium package with comprehensive services such as CSD registration, Letter of Good Standing, or Import/Export permits. Visit eservices. Keeping record of all entities registered. The search option is referred to as BizProfile. with a standard MOI in South Africa for just R175. Register Companies Officers Openness score * Out of 100 South Africa South Africa Companies and Intellectual Property Commission: 1,559,842: 20: 4. No Paperwork! Guaranteed Company Name. Apply Online to Register a Company. That means, it’s the perfect way to structure various services or products within one corporate group without having to keep them all within one company. a private company) may be registered with or without a company name while a not-for-profit company must have a name. Company registration numbers are essential for loans, contracts, funding, and tenders. Entrepreneurs can register private companies (Pty) Ltd, public companies (Ltd), non-profit companies (NPC), and external companies (foreign companies looking to establish a presence in South Africa). Nov 23, 2023 · This fee is for the registration of the security company and may include the first batch of security officers. Register with CIPC: Your first step is to register your company with the Aug 1, 2013 · Companies’ share register information is not restricted by new laws. It is the official body responsible for the regulation and maintenance of companies and intellectual property rights in the country. In the case of the foreign company, the nationality of that company; and. The Companies Act requires all companies to maintain their company records. Firstly, your business should have a name. The South Africa Companies Act allows registration of companies by foreigners in most industries, and type of business structure most commonly setup by Healy Consultants for our Clients is the limited liability company, locally known as a private company (Pty. (b) must call such a meeting if required to do so by at least—. The Companies Act 71 of 2008 intends: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic; to define the relationships between companies and their CoR 9. South Africa’s National Treasury confirmed this to AFP Fact Check, clarifying that “the country is registered as a foreign government, not a corporation as per the SIC 8888 registration”. gov. Register on CIPC Website. You must not be disqualified as per the companies act to be a director of a company. It governs all registered entities in South Africa, that is, public companies, Incorporated companies, private companies, close corporations, and extended companies in terms of the companies Act which states that a yearly return is due to be filed on the anniversary dates of the entities registration dates. Contact Us 0800 007 269 (Toll Free) Protect your Company’s brand, name and logo with a Trademark Registration. South Africa subsidiary laws differ based on the type of entity you decide to establish. Average Founded Date Aug 1, 1999. CIPC administers all or parts of fifteen (15) pieces of legislation relating to corporate and intellectual property regulation. g. In September 2014, CIPC introduced terms & conditions that restricted Jul 1, 2024 · Not a corporation. The CIPC provides a range of services to businesses, including company Sep 12, 2022 · A certain number of shares must be made accessible to present and prospective owners at the start of the business. If you want to check for a company’s registration number in South Africa, visit the CIPC portal and perform the company name search. Names of Companies. The Companies and Intellectual Property Commission ("CIPC") are the official company registrar of South Africa as per Section 187(4)(a) of the Companies Act 71 of 2008. It was developed in response to the quest of improving the ease of doing business in South Africa, specifically, starting a business. If you are planning to file for a trademark or to register a new company name in South Africa it is a good idea to do preliminary South Africa is a gateway to entering the African market. Buy a Shelf Company. Step 2: Name Your Business. After registering, South Africa subsidiary laws require that private companies maintain company records, including a copy of the MOI and any amendments, and a register of its shares, company secretary and auditors, if appointed. A share certificate or stock certificate is a written document signed by a Company’s Directors that acts as legal proof of each Director’s shareholding / ownership in the company. The search is free. Pay the company registration fee. You must a physical street and postal address in South Africa. Pty Limited can be established with a minimum ENTERPRISE SEARCH search for enterprises on our register using enterprise name, enterprise number or director ID/passport number CONTINUE TO SEARCH Jun 5, 2018 · South Africa; 3. Requirements: (1) ID Number / Passport; (2) Home or Business Address in SA. (a) may call a meeting of the board at any time; and. Who we choose to trust can have a profound impact on our . Once the aforementioned steps are completed, Tetra Consultants will proceed to register company in South Africa by filing the documents such as the Memorandum of incorporation with the Companies and Intellectual Property Commission (CIPC) online portal. Shelf Company options with Bank Account, Tax Clearance, PAYE, Import/ Export Number available. In general, it can take anywhere from a few days to several weeks to complete the registration process and receive the necessary approvals. CoR 9. OpenCorporates' South Africa dataset was originally sourced from the predecessor body to CIPC, namely Companies & Intellectual Property Registration Office (CIPRO), and is to be considered as for historical / archive purposes only, as data was gathered up to September 2014. A foreign company is required to register as en “external company” with the CIPC if it conducts or intends to conduct business in South Africa. Regulation of all entities registered by the Commission 2. za . R75 (manual application) Name reservation done online costs R50 per transaction. Companies can tap into this opportunity and establish a subsidiary here. What is the role of Company Registries in South Africa? The role of the Companies and Intellectual Property Commission is threefold: 1. This is the list of the largest public listed companies from South Africa by market capitalization with links to their reference stock, sector and industry. Before you can register your company, it is important to determine the most suitable business structure for your venture. A sole proprietorship is one of the most common and simple types of companies in South Africa. This is where the majority of your work will be done. Initially, the functionality only provided for the submission of beneficial ownership information, and did not cater for entities with no beneficial ownership to declare to file their securities/members registers, or beneficial interest registers (as applicable). Company registration with the CIPC is designed to be a streamlined process. Number of shares held by each shareholder (recommended number 1000 shares) Register a Private Company (Pty) Ltd. 71 of 2008. The law sees a company in the same light as a natural person. Aug 15, 2023 · Step 1: From any tab on your company, select View Company Registers Step 2: Proceed to select the Register of Shareholders or Register of Share Member Accounts to create a register in either PDF or CSV format. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation. Jan 31, 2024 · Name of incorporator (can be a director of the company) Shareholders’ identity number (if a South African), date of birth (if non-South African) and registration number (if corporate entity) Residential address (es) and postal code of shareholders. We live in a world where facts and fiction get blurred. any other prescribed information. 83: Oct 6, 2023 · The time it takes to register a holding company in South Africa can vary depending on several factors, including the efficiency of the registration process and the completeness of the application. Appointing at least one director who is a South African resident and has not been convicted of Location South Africa, Africa. Number of Founders 3,002. Get credit reports, including credit rating, directors and legal status. Pretoria: Statistics South Africa, 2022 Report No. South Africa makes filings with the SEC because it issues securities in the US. They are required to register on the e-services portal and proceed to obtain the company registration documents. (i) 25% of the directors, in the case of a board that has at least 12 members; or. 6. Feb 21, 2022 · Legal Requirements for Company Formation. 2. Its mandate encompasses companies, close corporations, co-operatives, trade marks, patents, designs, aspects of copyright legislation and enforcement of rules and regulations in most of these areas of law. Starting at R3990 Once-off. • The Companies Act (Act 71 of 2008) makes also provision for registering a for profit company without a name. Dec 1, 2022 · Reserving a business name is R50-00 and registering a business with a standard Memorandum of Incorporation (MOI) is R125-00. (1) A director authorised by the board of a company—. Property Limited, or its abbreviation (Pty) Ltd, refers to a company that trades for profit, and such a company can exist into perpetuity, irrespective of any shareholder change. Here’s a straightforward guide to help you establish your security business legally: 1. Dec 7, 2023 · Understanding Directorship in South African Companies. Company Income Tax Number. For Company of a Consent to Act as director (CM27) and the company was obliged to keep a register of directors and to advise CIPRO (now CIPC) of any changes to the register by way of a CM29 form. BizPortal is a CIPC website. Cipc Company Registration Services Online. > Streamlining Registration. You must be a least 18 years old. Location of South Africa. Aug 20, 2021 · 6. South Africa is the southernmost country in Africa. Company Registration. Step 1: Decide on a Business Structure. The process of incorporating a company in South Africa has been progressively simplified over the years, as evidenced by the country’s more encouraging rankings in the Global Business Complexity Index. In that respect, Section 186 of the Companies Act To register a company at CIPC through Company Partners, we only require your ID number and director’s information from you. A foreign company is prohibited from offering securities to the South African public unless it follows the specific provisions of the companies Act, relating to offers to the public. Provide the necessary information about your company, such as the directors’ details, company name, and registered address. PRIVATE COMPANY. A screenshot of the SEC’s site, taken on July 29, 2022. Here are the types of companies in South Africa: 1. R50 manual filing. To form a company in South Africa, there are several legal requirements that must be met. 1. Our Trademark Attorney has vast experience in Trademark Registration and has assisted hundreds of clients all over South Africa and the World. za Website Construction industry, 2020 / Statistics South Africa. For each security officer employed by the company, there might be a separate registration fee ranging from approximately R230 to R300 per officer. Pty Ltd - Proprietary limited company. Business Registration South Africa. 10) Sole Click on On-line Transacting and then on Company and Close Corporation Financial Year End Changes. 1. At this stage, you will be required to specify whether you are a citizen of South Africa. Alternatively, you may apply for a name later, and do an automated company name change. The Companies Act (Act 71 of 2008) makes also provision for registering a for profit company without a name. Click here to be redirected to https://bizportal. Only public companies file their annual financial accounts : search now to check availability. za. Percentage Non-Profit 2%. You need to consider which company structure will work best for your business’s setup and goals. Login using your Customer Code and Password and follow the prompts. 7. External Company. The role of the public officer is predominantly to liaise between the company and the South African Revenue Service (SARS) regarding the company’s tax obligations. When a company is registered without a reserved name, its registration number automatically becomes the company name with (South Africa) as the suffix. Kunal Fabiani, directly: We assist with the incorporation of South African companies. South African company formation is now characterised by much greater ease than it used to be in the past years. Sole Proprietorship. cipc. Just follow our easy online registration process on how to register a company. You are still able to register a corporation even 4. Enterprise Details Director Details Annual Return Details The Companies Act (Act 71 of 2008), hereafter referred to as the Act, allows companies, registered in South Africa before May 1, 2011, to keep their par value shares until they are converted to no par value shares by way of a resolution passed by the directors or a special resolution approved by the shareholders. A company must at all times have a copy of its Memorandum of Incorporation (MOI) and any amendments or alterations to it, as well as any rules that apply to the company in terms of its MOI. You can also reserve a company name at a cost of R50. Type in the registration number (year/sequence/type) at the Enterprise Number field and click Validate. The process includes registering the company name, appointing directors, issuing shares, and filing the Memorandum of Incorporation with the CIPC. Go directly to eservices. Step number one, fulfil any requirements, if Nov 7, 2023 · Navigating South Africa's New Beneficial Ownership Requirements: A guide for companies. 41 KB. Criteria for company names in South Africa. After that, select "Customer Registration" from the list of options on the page's left-hand side. The domesticated company, after transfer of registration, exists as if it had been originally incorporated and registered in South Africa. ou pf uk zv rl kg ru fu nj pn