FAQs

Below are answers to common questions about starting, running and growing your company in South Africa, as well as key aspects of our services.

1. How do I register a company in South Africa?

Choose a company type: Most small businesses use a private company (Pty Ltd).
Reserve a name: Via CIPC's e-Services portal (or directly if you prefer).
Submit registration: Complete the CoR15.1 form online, upload certified ID copies, and pay the fee.
Receive documentation: You'll get your registration certificate and company number within 3-5 business days (standard processing).

2. What supporting documents do I need for registration?

Certified ID copies of directors/shareholders
Proof of residential address (not older than 3 months)
Registered physical and postal addresses for the company
Memorandum of Incorporation (we can prepare this for you)

3. Which regulatory bodies must I comply with after registration?

CIPC: Annual returns to keep your company in good standing.
SARS: Register for Income Tax, Provisional Tax and, if applicable, VAT (once turnover exceeds R1 million in 12 months).
COIDA & UIF: Register with the Department of Labour if you employ staff.
Industry regulators: Depending on your sector (e.g., FSCA for financial services, SACPCMP for construction).

4. What ongoing compliance is required?

Annual returns (CIPC): Due each year on your anniversary date.
Tax filings (SARS): Annual income tax returns and provisional tax payments.
VAT returns: Monthly or bi-monthly if registered.
Company minute book: Record all director/shareholder resolutions.

5. What is Purchase Order (PO) Finance?

PO finance advances you the funds needed to fulfill a confirmed purchase order from a reputable buyer. It bridges the gap between order receipt and payment on delivery.

6. What are the typical requirements for PO Finance?

A valid company registration (or active shelf company).
A confirmed purchase order from a credit-worthy buyer.
Management accounts or cash-flow forecasts.
Evidence of capacity to manufacture or procure goods.

7. What is a "shelf company" and when should I use one?

Shelf company: A pre-registered, dormant company you can buy immediately.
Use cases: Expedite bid submissions, meet minimum trading history requirements, or fast-track projects needing an existing entity.

8. How long does funding acquisition typically take?

PO finance: Often approved and funded within 7-14 business days once all documents are submitted.
Working-capital facilities: 2-4 weeks, depending on diligence and credit assessments.

9. Why attend networking seminars?

Industry insights: Hear from sector experts on trends and regulatory changes.
Peer connections: Build relationships with other entrepreneurs and potential partners.
Practical workshops: Gain hands-on guidance (e.g., drafting compliance checklists, understanding SARS requirements).

10. What should I know about maintaining good standing?

Stay current: File all returns, keep a tidy minute book, and respond promptly to any regulator queries.
Plan tax: Budget for provisional tax and VAT payments to avoid penalties.
Review compliance annually: Ensure licenses and registrations remain valid, and update your Memorandum of Incorporation if your business scope changes.