How To Register An Incorporated Company In South Africa
A private company, which we know as a Pty Ltd, and an incorporation are essentially the same thing. However, the incorporation is only used to register businesses and professionals like practices and accountants.
In the past, you required a practice number in order to register an incorporation. However, you no longer need a practice number because the cipc will register your incorporation without one.
How is an incorporation registered?
The Company Intellectual Property Commission’s online website gateway can be used to register an incorporation.
Which, if you want to do it yourself, is fairly simple. But not everyone has the time or the skills to handle it themselves.
Therefore, I advise you to spare yourself the time and purchase instead.a qualified business, such as Swiftreg Company Registration, to help you.
What supporting documents are needed to register an incorporation?
The green bar coded id paper will essentially be the only document needed to register the incorporation. The front and back of the smart card are required by the Company Intellectual Property Commission (CIPC) if you are utilizing one. The procedures and papers required will then vary depending on who will help you with the registration, whether it be a professional firm like Swiftreg Company Registrations or even an accounting officer.
How long does the incorporation process take?
Because it takes one to three weeks to incorporate a company, this is the typical time frame.
Registration documents are typically manually sent to the Company Intellectual Property Commission. The following must occur prior to the documentation being sent to the Company Intellectual Property Commission (CIPC).
The first step is to reserve a name for your business. Recall that the name reservation is only good for six months, during which time your company must be registered. if your business is not registered within the allotted six months. Your business name will be out of use, and you will need to start the name reservation process over from scratch.
You must gather the following documentation once the name has been approved. Cor9.4 (approved name), Cor 14.1 (Notice of Incorporation), Cor 14.1A (Notice of Incorporation to appoint Directors of the Company), and Cor 15.1B (Memorandum) are the documents that must be submitted of Incorporation long standard form and the identification papers for each director The Memorandum of Incorporation, which contains at least five articles, will also be included with all of those other documents.
Does your incorporation require a registration number for income tax purposes?
No, the South African Revenue Service does not need you to register your incorporation (sars). The Company Intellectual Property Commission (CIPC), Home Affairs, and SARS have merged their services as a result of which, when your company is registered, Cipc will automatically issue you an Income Tax number.
You shouldn’t worry if you didn’t get the income tax number. To get the information you need, simply call the South African Revenue Service call center.phone the income tax number.
In the past, after a company was registered, it was required that it apply for an income tax number. However, the South African Revenue Service has spared all business owners the stress of spending hours waiting in line by immediately assigning them income tax numbers.
