How to Register a Business in South Africa
By registering your business, you are ensuring that no one else will use the same name for their business operations. You are also formalising your business, you are giving it a professional feel. This means that you are now serious about business.
Your business will have its own identity, that is the registration number that is not the same as for other businesses.
Where do I register my business?
Your business shall be registered with the department of trade and industry. Trade and industry is the registrar of commercial entities in South Africa.
How do I do this?
You can directly contact trade and industry department for application forms and start your application process. But it’s a stress and a half. I prefer using a company called FactCorp. FactCorp will get your business registered in just a day or two.
How much does it cost?
By the time of publishing this article, FactCorp were charging R495.00 to register a company of client’s behalf.
What are the requirements?
You need to have at least 5 proposed names for possible registration.
Make a payment of R495.00 to FactCorp.
Sign power of attorney form and must also be signed by all members of the company if you are not the only member.
Certified copies of all members.
Accounting letter for foreign nationals.
That is all, your business is good to go. When you get your certificate, get down to business, you can also develop business plans and apply for funding.
You can contact FactCorp as follows”
Tel: 012 997 0525
I hope you find this useful and you will share this document with others.
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