Why Register a (Pty) Ltd?
A Private Company (Pty) Ltd offers limited liability - your personal assets are protected if the business fails. It also looks more professional and is required for many government tenders.
Registration via CIPC eFiling
- Go to efiling.cipc.co.za and create a customer account
- Check company name availability
- Complete form CoR14.1
- Pay registration fee of R175 for new company
- Receive company registration certificate (COR14.3) usually within 5-10 working days
After Registration - Your To-Do List
- Open a business bank account
- Register for Income Tax at SARS eFiling
- Register for VAT if turnover will exceed R1M
- Register as employer if hiring staff
- Draft a shareholders agreement if multiple shareholders
Annual Compliance
Every (Pty) Ltd must file an Annual Return with CIPC (R100-R450 depending on turnover) and an Annual Tax Return with SARS.