Service

Business Registration

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When should you

Register Your Business?

  • When it makes financial sense

As a Sole Proprietor, you are completely responsible for the financial consequences involved in running your business. Yes, you’re liable for all debts, but more importantly if the business weakens then all of your assets – even those not related to the business – can be detained and will be subject to the claims of your business creditors. This is a huge personal risk to take on as your company begins to grow; registering as a Private Company will relieve this burden by restricting your personal liability.

  • When it makes business sense

Registering your business could expand your potential client and supplier base, because many customers and suppliers prefer to do business with a Private Company as opposed to an individual. Moreover, being registered will allow you to pitch for business to larger corporates and government.

  • When it is more tax efficient

In South Africa, an individual is taxed on a sliding scale whereby the more they earn, the more their average rate of tax will increase. This applies to individuals earning more than R78 750 per annum. A registered company, however, is taxed at a flat rate of 28% of profits (as of 2019), and a further 20% when shareholders receive their dividends.

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Based on this system, you can see how primarily, as you start up and remain within the smaller income bracket, it makes sense to operate as a Sole Proprietorship. However, as your company grows and your profits growths, you may lessen your tax burden by registering as a (Pty) Ltd. With that being said, it is important to perform an comprehensive analysis of both situations and evaluate which will be the most advantageous, taking into account factors such as tax incentives for registered companies, deductions and allowances.

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Business Registration

Requirements

Requirement to register a business
  • South African ID
  • 18 Years old
  • 4 Proposed names
  • For director verification:
  • Date of issue of the identity document or card
  • Marriage date, as recorded by the Department of Home Affairs
  • Spouse’s ID number
Starting small business concept
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Testimonials

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Affordable

Pricing

All our prices are estimated and subject to change without prior notice. All prices are excluding VAT

Business Registration

Price excluding VAT
R 499 Once-off
  • Reserved company name
  • Company registration certificate (COR14.3)
  • Income tax registration number
  • CIPC filing fees (R175 fee included)
  • Memorandum of Incorporation
  • FREE B-BBEE Certificate
  • CSD Registration
  • Business Directory
  • Business Directory landing page
  • Business Directory Dashboard
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