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Company Registration – SALE –
Get a private company registered in 3 easy steps! We offer private company registration for only R350! Just follow the 3 steps below, and we will do the rest. This offer includes 1 name reservation, tax number and private company registration. Step 1 Complete the form below, ensure to complete all fields, and hit the submit button. Step 2 Upload a copy of the ID copy for each director. Then compile a Microsoft Word file and add the following details for each director: Step 3 Click on the link below to complete your payment. CHECKOUT VERY IMPORTANT – COMPANY NAMES It is important to submit at least 2 company names.…
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How does beneficial ownership work?
CIPC has incorporated a new process where companies need to submit their beneficial ownership to CIPC. This basically contains the details of any shareholder which holds more than 5% shares in a private company, or has more than 5% membership in a close corporation. This refers to amendments of the companies act 71 of 2008. Failure to submit the information will put the company in violation of the companies act of South Africa. The beneficial ownership falls into 2 categories, namely: Affected companies Affected companies refer to private companies who are controlled by or is a subsidiary of a regulated company. Non affected companies with beneficial ownership This is the…
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What to consider when registering for VAT.
Compulsory registration All private companies have to register for VAT within 21 days after the turnover for 12 consecutive months has passed R1m. Voluntary registration SARS looks at certain scenarios where a private company can voluntarily register for VAT. Some of these scenarios include: SARS have started to apply these rules more strictly in order to avoid corruption. This means that in some cases, where SARS believes that the abovementioned scenarios do not apply, they will ask for supporting documents. The turnaround time for them to inspect the documents, and decide whether to issue a VAT number is then 21 business days. We can assist clients in registering their private…
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Why is it important to submit the correct information with your company’s annual return?
All private companies and close corporations have to submit annual returns to CIPC on a yearly basis. The return should be submitted during the anniversary month of the company to avoid penalties. In order for CIPC to send you an email regarding the returns, it is important that they have your correct email address and cellphone number. Together with the annual returns, there is additional information that needs to be submitted. Firstly, the annual turnover for the company has to be declared. Also, if the company has annual financial statements for the period in question, the details of the independent accountant has to submitted. This includes the name of the…