Specific Questions And Answers…
How long does it take to register a new company?
The current time frame for new registrations are as follows: Name Reservation – 24 Hours or less | Final Registration – 1 to 2 Working days. There are basically two steps involved in registering a new company. First, we need to reserve a name for the company – during normal weekdays, this usually takes only a couple of hours (normally 24 hours or less). Second, we need to send your signed incorporation documents for processing. Incorporation documents are usually processed within a few days, depending on the workload at the registrar (currently 1 – 2 working days)
What documentation is required?
The registrar of companies have adopted a new streamlined system, whereby almost every aspect of the registration process is handled electronically – the only physical aspect entails you printing, signing and uploading/emailing the document we email to you, together with a certified copy of your South African ID, or Passport (if you are a foreign national) Exactly what service do you offer? We register your new company in the correct manner right from the start, so we first reserve a name for your company (You simply supply us with 4 proposed names), and once we have an approved name, we then generate your unique company registration document which needs to be signed and dated by all the directors. Once we receive the required documents back from you, we process and submit these to the registrar, who then finalizes your company’s registration. It will be registered as a Private limited company, or, as many of us know it, a (Pty) Ltd. You will also receive a SARS Income Tax Number for your new company, so no more standing in long queues for that…
Do I have to be in a specific area to make use of your service?
No, not at all – we offer a nationwide service, from one central office in the East Rand of Gauteng, so you can be in the Western Cape, Eastern Cape, Northern Cape, Limpopo, North West, Kwazulu-Natal, Mpumalanga, Free State, or Gauteng, and we will still be able to help you. As long as you have email and an internet connection, we will be able to help you.
How do I receive my documents once my company is registered?
We forward a set of 5 incorporation documents to you by email, once your company has been registered. The registrar of companies have adopted a new streamlined system, whereby almost every aspect of the registration process is handled electronically – the only physical aspect entails you printing, signing and uploading/emailing the document we email to you, together with a certified copy of your South African ID, or Passport (if you are a foreign national)
Do I need to register for VAT when registering a company?
VAT registration only becomes mandatory once the company has reached a million rand turnover in any consecutive 12 month period, so for now you need not worry about registering for VAT. It isn’t expected from a small business to register for VAT upon registration. Once your business grows and you start showing the numbers mentioned above, it would be advisable to then get some advice from a tax consultant.
How much do you charge to register a new company, and when do I make payment?
We charge R1395.00 (ZAR) to help facilitate the registration of your new company. This includes all fees payable to the registrar, as well as our fee, so there are no additional, or ‘hidden’ costs beyond that. Because we will incur actual costs by starting the registration process, we will only be able to start once we have received your payment.
Once you have completed and submitted your online application, you will be presented with three payment options – Payment via EFT, Direct Deposit, and also Online Payment through 2Checkout using your debit or credit card. We have been with 2Checkout for about 10 years now, and they are simply the best in our opinion – performing over 200 verification checks in the background to ensure your online payment is safe and secure.
How will you know I have made payment?
Upon submitting your details through our online form you will receive a confirmation email which contains your unique payment reference number. If you pay via EFT or Direct Deposit, simply insert your unique payment reference number as reference, and we will immediately know that your payment has been made. If paying online through 2Checkout, you need not enter any reference number, as it is already been passed to 2Checkout. You will receive a confirmation email shortly after your payment.
Do I need to be a South African citizen to be able to register a company?
No, you do not need to be a South African citizen to register a new company. If you have not submitted your application yet, simply click on any one of the two options below