Small businesses are corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.
Where To Register A Small Business In South Africa
You can register your company online on the Companies and Intellectual Property Commission (CIPC) website, or on the Bizportal.gov.za website, a platform created by the CIPC that offers company registration and related services.
Where do I register my sole proprietorship in South Africa?
Considering that a sole proprietorship is not a legal entity, registration is not necessary apart from the standard legal and tax requirements.
However, you will be required to register the business with the South Africa Revenue Service (SARS) for purposes of tax returns.
Where can I register my business in South Africa?
Registering your Company
New E-services – www.cipc.co.za / Online Transacting / New E-services.
BizPortal – www.bizportal.gov.za.
CIPC Mobile App.
Self Service Terminal.
Banks (as part of company registration process).
Can I run a business without registering in South Africa?
Unlike a company, small businesses are not legal entities. As such, you are not required to register it with the Companies and Intellectual Property Commission (CIPC).
After starting your business operations, you are required by law to register for an income tax reference number from the exchequer within 60 days.
How do I register my small business with SARS?
If you are not an eFiler yet, you are encouraged to register on www.sarsefiling.co.za to complete and submit your ITR14 online.
eFiling is free, convenient and secure. You will also be able to access all SARS correspondence to you, on your eFiling profile.
What are the legal requirements to start a business in South Africa?
All businesses need to be registered with The Companies and Intellectual Property Commission (CIPC).
The CIPC is an agency of the Department of Trade and Industry in South Africa, assisting with the registration of companies and intellectual property rights (trademarks, patents, designs and copyright).
How do I register a private company in South Africa?
How to Register a Company: A Step-By-Step D.I.Y
Step 1: Create an Account. Make your way onto the CIPC eServices website.
Step 2: Name Your Business.
Step 3: Do Your Research – What Type Of Entity Do You Want Registered?
Step 4: Registering Your Company Online.
Step 5: The Final Step.
How long does it take to register a company with CIPC?
Currently names are taking about one to seven business days, as soon as you receive the name and submit for registration it can also take one to seven business days, anywhere in between.
SwiftReg is receiving companies back that have been submitted on the same day.