According to the CIPC, a business may be registered with or without a company name under the Companies Act, 2008. A company that is registered without a reserved name will nevertheless receive a registration number, which will become the firm’s name automatically.
According to CIPC, the corporation can transact under a trading (business) name or subsequently apply to add a reserved name. In this instance, the corporation must first reserve a name before applying for a name change.
What is the procedure for reserving a name?
The procedure: If your first name reservation application is denied, you must apply for new names, according to the CIPC. You may apply for up to four different names during each application process.
The price is: Each application for a name reservation costs R50. A company registration might cost between R125 and R475 per year (R125 for a private company, R475 for a non-profit company registered without members).
Should I also register my company’s domain name?
The.ZA Domain Name Authority (ZADNA) collaborated with the Companies and Intellectual Property Commission (CIPC) in 2018 to allow businesses to register their domain name and business name at the same time.
Registration of domain names should be part of your trademark protection strategy.
“It is vital for a company to protect its domain name as soon as feasible in order to prevent online brand identity theft.” “A domain name provides your business with digital presence and accessibility, as well as the ability to develop an online brand,” said Angel Selebano, Communications and Awareness Coordinator at the.ZA Domain Name Authority (ZADNA).
How long does it take to set up a business?
A name reservation takes between seven and 21 days, according to the Online PTY Registration. A company certificate can be registered within three to five days, depending on whether you filed your documents on time and the registrar’s office’s workload.
How many Directors are permitted in a corporation?
At least one filmmaker.
Can I form a firm despite being blacklisted?
Yes.
Can foreigners establish a business in South Africa?
Yes. To do so, you must give a valid passport copy or RSA ID document, as well as a South African residential address.
