How to Start a Security Business in South Africa
An explanation of security companies
An organization known as a private security company offers clients in the public or private sectors security services and expertise, whether they are armed or unarmed.
Starting a security business requires a person with experience in the industry. In order to launch a security company, you need a lot of information and expertise. Selling security products or offering security services are your two options. In order to work in either of these fields, you must be knowledgeable about the various tools that security experts employ and be able to offer guidance to other members of your field. Even better, if you’d like to, you can mix the two categories of security firms.
If you want to start a security company in South Africa, there are a number of registrations that must be completed and certificates that must be obtained. Below, we’ve listed the six most crucial registrations/documents that you would need to start a security company.
We’ve included the six most crucial registrations/documents below that you would require to start a security company because there are many registrations that must be completed and certificates that must be obtained if you want to create a security company in South Africa.
Step 1: Registering a CIPC firm
To conduct business as a legally registered company, you must first register your firm with the Companies and Intellectual Property Commission (CIPC).A company registration number will be provided to you once your business has been registered, you must contact the CIPC department to complete the other registrations and certificates on the list below.
Register your business
Stage 2: Obtain a letter of good standing from COID
Alternatively called the workmen’s compensation fund, COID. To protect your employees from any accidents they could sustain while working, you must register your business with the Department of Labor for COID.
A letter of good standing from the department, which is necessary for the majority of tenders or contracts, will also be provided to you.
Obtain an endorsement of good standing.
SARS tax clearance certificate in step three
The tax clearance pin for your business is listed on a tax clearance certificate that SARS has issued. The Pin is utilized to validate your state of the company’s tax compliance with SARS.
Obtain a certificate of tax clearance.
B-BEE affidavit or certificate in step four
Your company’s B-BEE qualification level is attested to using a B-BEE certificate and affidavit. The percentage of black South African ownership in your company determines your B-BEE qualifying level. More details about B-BEE can be found HERE.
Purchase a B-BEE affidavit
- How to Sue a Hospital in South Africa
- How To Start Goat Farming in South Africa
- How to Start an Age Old Home in South Africa
- How to Start a Skills Development Center in South Africa
5th step: CSD
The CSD registration (MAAA) number you receive after completing a Central Supplier Database (CSD) registration can be used by any department or person to verify the information about your business.
Get an MAAA (CSD registration) number.
PSIRA, step six
The Private Security Industry Regulatory Authority, or PSIRA as it is more popularly known, is an agency of the government that determines whether or not your business is qualified to provide security services.
Conclusion
You must register at PSIRA in order to submit an application for security contracts or tenders.
