Working


Worldwide


The world is my home



Currency Converter


Expand Current Page

Guide to Setting Up a Company

Information on how to open and register a new business in South Africa...

In order to open a business there are a number of stages to be completed after the type of business structure has been established.

The first stages involve the Companies and Intellectual Property Commission (CIPC). The CIPC is responsible for the registration of companies, cooperatives and intellectual property rights.

  • To find out the fees for the services provided by CIPC: Click here
  • For a list of forms and to download a form: Click here

In order to use the services of the CIPC, customer registration is essential. It is free to register. Actions to take concerning the CIPC are outlined below.

Check to see if the name is unique/available

Checks on existing company names are carried out through the Companies and Intellectual Property Commission website (go to the CIPC website and click "Additional Services").

Register the business name

In order to register a business name with CIPC, form Application to Reserve a Name (CoR 9.1) must be completed and submitted.

An applicant can submit up to four name alternatives, ID is required and there is a fee if the registration is carried out online.

Register the business

A business is registered on completion and submission of two forms that must be lodged together:

  • Notice of Incorporation (CoR 14.1): Click here (PDF)
  • Memorandum of Incorporation (CoR 15.1 A-E): Click here

Each section (A-E) can be downloaded separately and the most appropriate form for the company type must be completed.

There is a fee for submitting the above documents.

A detailed document about the process of registering with the CIPC and the supporting documentation required is available online.

Open a bank account

A business account must be opened and if applicable, the applicant must provide proof of three company directors and present the original company documents. Some accounts may require an income tax number. If this is the case, tax registration must be applied for first.

Register for tax

Following company registration with CIPC, the business must be registered with the South African Revenue Service (SARS). This must take place at the SARS office that is local to the business registration address. There are SARS branches all over the country.

  • National contact centre, Tel: 0800 00 7277 / 011 602 2093

All relevant forms can be downloaded online.

Register with South African Department of Labour

An employer must register with the Unemployment Insurance Fund (UIF) at the Department of Labour in addition to registering with SARS.

In addition to UIF, employers must register with the Compensation Fund so that employees are able to claim compensation for accidents or diseases at work.

Do you have a suggestion to improve this page? click here...


Looking for an international business opportunity? Why not run an AngloINFO site?
AngloINFO is growing fast and is looking for the right people to take on regional AngloINFO franchises around the world - click here to find out more!

AngloINFO Franchising: Be your own boss - where you want to be!