Step 1: CIPC Company Formation
To begin, you must register your company with the CIPC to acquire your company registration number and documentation, which will be utilized to complete all of your compliance registrations.
Step 2: Obtain a Tax Clearance Certificate
Following the completion of your registration with the CIPC, you must now complete your registration with SARS in order to activate your income tax number and acquire your tax clearing certificate.
B-BBEE documentation is the third step.
Establish your B-BBEE paperwork. If your firm makes less than R10 million per year, it is classified as an EME and just needs a B-BBEE affidavit, which serves the same purpose as a B-BBEE certificate.
CIDB is the fourth step.
If you want to work in the public sector or apply for bids, you must register with the CIDB (Construction Industry Development Board). When you register your firm with the CIDB, you specify the sort of construction in which your company specializes. Once registered, you will be notified by the CIDB of any available construction tenders in your region.
Step 5: Request a Letter of Good Standing
A Letter of Good Standing verifies that your company is registered with the Workman’s Compensation Fund and that all payments are current. You must first register with the Department of Labour for COIDA before you can obtain a Letter of Good Standing (Compensation for the Occupational Injuries and Diseases Act). When you first register with COIDA, you will obtain a Letter of Good Standing for free; however, it must be renewed every year between the 28th of February and the 30th of April. You must additionally pay a NOA (Notice of Assessment) to the Department of Labour when you register with COIDA. This fee is based on the overall salary paid by the company as well as the dangers that the company’s employees may incur while executing their jobs.
Step 6: Register with the NHBRC
Registration with the NHBRC (National Home Builders Registration Council) is required to demonstrate that your company follows all of the necessary rules and norms to securely maintain structures or build new ones.
Step 3: Register with the CSD.
You can now register on the CSD now that you’re fully registered (Central Supplier Database). The CSD is the official database for all organizations, institutions, and individuals interested in providing goods and services to the government, and once registered, you will be notified of any available tenders.
