Company registration services
Company registration in South Africa is administered by the Companies and Intellectual Property Commission (CIPC) under the legislation contained in the Companies Act, 2008. The Companies and Intellectual Property Registration Office (CIPRO) was replaced by the (CIPC) in May 2011. At the same time, the New Companies Act was also implemented, changing the way businesses need to do registrations. The Act accommodates several types of companies that may be registered. The type of company that one would register for a business is a function of the objectives of the entity, for example an entity that intends to earn a profit could be registered as a private company, and so forth.
At the time of company registration, the CIPC allows for the registration of an entity with or without a company name. Where a company is registered without a company name, its name upon registration defaults to the company number and shall remain so until formally amended. Companies that are lodged for registration with a name may apply for between 1 to 4 names during each application process.
Registering your business correctly offers several benefits, including trademark / name protection, tax incentives, financial assistance, business compliance, etc. It is uncommon for business owners to attempt their own company registrations in South Africa due to the complexity and onerous nature of the process.
It is uncommon for business owners to attempt their own company registrations in South Africa due to the complexity and onerous nature of the process. MMS is one of the trusted partners that many entrepreneurs turn to for their company registrations, as relying on professionals, like us, will ensure that the process is completed timeously and correctly.
Our company registration process explained
- We counsel you in the determination of your company structure. Every company falls within a specific category, each with specific regulations and requirements. We will explain the different types of companies to you so that the entity registered on your behalf is suited to your business objectives. The types of companies that may currently be registered in South Africa are:
- Non-profit companies: these companies are established in benefit of the public, or other objectives relating to cultural or social activities, or communal interests
- Profit companies: these companies’ main objective is to trade and make money. It can be any type of company, from a retail store to an insurance company or a real estate firm
- Personal liability companies: these companies’ name end with Incorporated (Inc.). In such organisations, past and current directors are responsible for the company’s debts and liabilities
- Public companies: a public company’s shares are available to the public and is listed on at least one stock exchange
- Private companies: private companies’ names need to end with ‘(Pty) Ltd.’ These companies have fewer transparency requirements than public companies and has a board consisting of at least one director
Next, our team will take care of the lodgement of your paperwork to CIPC as part of your registration application. Normally, 3-5 days is the general time period for registration of a company. Should your business registration not be approved, our team will assist you in rectifying any issues to ensure a successful registration.