The Requirements to Open a CC Company in South Africa
Am I allowed to register a company without a company name?
Yes. According to the CIPC, in terms of the Companies Act, 2008, a company may be registered with or without a company name. A company that is registered without a reserved name will still get a registration number, this will automatically become the company’s name. Also, CIPC stated that the company can transact with a trading (business) name or may apply to add a reserved name at a later stage. In this case, the company will need to first reserve a name and then apply for a name change.
How much is it to register a CC in South Africa?
In South Africa, the cost of Registering a new CC is around R650. And it takes 3-4 working days for us to register your CC name with the DTI.
Which is better CC or Pty?
Many people chose a CC and still prefer a CC because a CC gave them the advantages of incorporation, with lower costs and simpler administration. Virtually all the advantages that a CC had, can now also be obtained by having a private company under the new Companies Act.
Are CCS still legal in South Africa?
Close Corporations (CC’s) are not being registered in South Africa anymore. Up to 2010 you could register a CC or a Private Company (Pty) Ltd. Under the Companies Act of 2008 these two Company formats were ‘merged’ and only PTY Company Formats have been registered since.
What is the difference between a CC and a Pty Ltd company in South Africa?
Close Corporations (CC) and Private Companies (Pty) are legal entities and have limited liability of members or shareholders. CCs are often the type of company chosen and preferred by small business owners. CCs have members – up to a maximum of 10 natural people. The number of employees, however, is not limited.
How can I register a Close Corporation in South Africa?
There are three easy steps to registering a Close Corporation.
Step 1 : Order Online
- Fill in our online order form – visit www.quickcc.co.za.
Step 2 : Pay Fee
Pay fee of R650 by Internet Transfer (EFT) / Bank deposit details below :
| Bank Account Name | QUICKCC |
| Bank | FIRST NATIONAL BANK |
| Account Number | 621 2708 1892 |
| Branch Code | 220926 |
| Reference | First Company Name |
| Amount to be paid | R650 |
| Email your proof of payment to | info@quickcc.co.za |
| Fax your proof of payment to | 0866 902 197 |
We require payment upfront to proceed with registration. Payment for CC amendment must be done within 3 working days of submitting an application online.
Step 3 : Fax through, and then Post original documents through to us
Fax signed Limited Power of Attorney form together with photocopy of ID Document of each member to 0866 902 197
Then,
Post the original signed Limited Power of Attorney form together with photocopy of ID Document of each member to:
QuickCC, P.O. Box 61095, Phoenix, 4080
