Getting your business registered in South Africa has multiple benefits including business name protection, business compliance and access to tax incentives and financial assistance. So what do you need to understand of company registration.
Where to Register Your Business Online?
You can register your company online on the Companies and Intellectual Property Commission (CIPC) website, BizPortal, or you can register your company via a bank online, as well as several companies who offer company registration and other related services.
BizPortal offers company registration and related services.
New company registration costs R 125 without a name, R 175 including name reservation, according to BizPortal.
SEE ALSO: The Basics of How to Register a Small Business in South Africa
SME South Africa did the research. This article compares three companies that offer business registration services, taking into account their affordability, the different packages they offer and their technical expertise.
Ideal Business Registrations
The consultancy agency company has been in business in the Southern part of Africa since 2011.
Features
They help with new company registrations, SARS consulting, labour registrations, CIDB registration and upgrades, business branding and more.
Prices
- Basic: The basic package costs R 750, which includes company registration, a Share Certificate and a Tax Clearance Certificate.
- Premium: The premium package costs R 950 which includes the company registration, a Share Certificate, a Tax Clearance Certificate and a B-BBEE Affidavit.
- Executive: This package costs R 2 200, it offers company registration, a Share Certificate, a Tax Clearance Certificate, CSD Registration and a B-BBEE Affidavit.
- All in One: This package costs R 3 999, it includes company registration, a Share Certificate, a Tax Clearance Certificate, a CSD Registration, a B-BBEE Affidavit, VAT Registration and an Import/Export Permit.
Benefits
- You can apply online.
- After submission of your online application form, you will receive an email with a list of required documents which includes copies of the director’s identity document (ID), Signed Power of Attorney, and proof of payment.
- They keep you up to date via e-mails and SMS during the registration process.
- The registration process turnaround period is approximately seven working days, depending on the package you choose.
SEE ALSO: Best Practices for Domain Names With ZADNA
MBS Accounting Services
MBS Accounting Services is an accounting firm that has over 31 years’ of experience in the financial and tax sector.
Features
MBS Accounting Services’ core services include tax returns/ compliance, CIPC services, payroll, registration and accounting services.
Prices
- Bronze: The bronze package costs R899, it includes a name reservation, company registration, income tax registration, a Share Certificate, a BBB-EE Certificate, a bank account, e-Filing registration, a Business Bookkeeping Index List and an invoice template.
- Silver: This package costs R5,206; it includes name reservation, company registration, income tax registration, a Share Certificate, a BBB-EE Certificate, a bank account, e-filing registration, Business Bookkeeping Index List, an invoice template, a Letter For Public Officer, Letter for Confirmation for Sales, Tax Clearance Certificate, VAT Registration, bank details verification and Public Officer Appointment.
- Gold: The gold package costs R6,586; it includes name reservation, company registration, income tax registration, a Share Certificate, a BBB-EE Certificate, a bank account, e-filing registration, a Business Bookkeeping Index List, an invoice template, PAYE/UIF & SDL Registration, UIF Registration, WCOMP Registration and Letter of Good Standing.
- Platinum: The platinum package costs R 9 175; it includes name reservation, company registration, income tax registration, a Share Certificate, a BBB-EE Certificate, a bank account, e-filing registration, a Business Bookkeeping Index List, an invoice template, PAYE/UIF & SDL Registration, UIF Registration, WCOMP Registration, Letter of Good Standing, Letter For Public Officer, Letter for Confirmation for Sales, Tax Clearance Certificate, VAT Registration, Bank Details Verification and Public Officer Appointment.
SME PARTNER
Benefits
- You can register your new business online via their website and also make the payment online after the registration is done.
- The website tells you what is needed to complete registration.
- Their process includes completing a needs analysis to better understand your situation; recommendations are provided and a monthly service level agreement is proposed.
- You can request a Call-back – via their website. Once you are a verified MBS client, they start providing services according to your needs.
SEE ALSO: SARS Business Registration FAQs – What You Need To Know To Stay Compliant
Disclaimer: Please note that some of the links in this article are affiliate links and SME South Africa will earn a commission if you purchase through those links. All recommendations have been carefully considered and they are resources SME South Africa has found helpful and trustworthy.
