CIPC Service Pricing
Company Registrations/Requirements
New Company
Registration
R 490 (1-5 Days)
A (Pty) Ltd is the most widely used company type for private businesses in South Africa. It trades for profit and is a separate legal entity to its Shareholders.
Each company is required to have a minimum of 1 Director and 1 Shareholder and a valid physical South African street address.
You will need to provide 4 company name options for your application.
Our price includes 1 Director and 1 Shareholder. Add R150 for each additional Director and each additional Shareholder.
The new company registration package includes:
- Reserved company name.
- Company registration certificate (COR14. …
- Income tax registration number.
- CIPC filing fees
- Free B-BBEE affidavit.
- Share certificates for all shareholders.
- Business banking account (optional)
- Completed in 1 week.
Company Name
Reservations
R 350 (1 Day)
In order to start the registration process for a new company, you will need to provide 4 company name options for your application.
If your initial name reservation application is not approved, you will need to apply for new names. You may apply for between 1 and 4 names during each application process. Each name reservation application attracts an additional cost and since it is regarded as a filing fee and not an administrative fee, it is not refundable.
Your name reservation application is only registered or reserved upon written confirmation from CIPC in the form of a CoR9.4. The name reservation is valid for 6 months during which period you must have used it on a company or co-operative registration or a change to a company or close corporation name.
Reserved Name
Extension
R 250 (2 Days)
A reserved name will continue to be valid for a period of 6 months from the date of approval but it can be extended on application together with the prescribed fee of R30, by the person who submitted the name reservation for a period of 60 business days at a time.
A separate application must be filed for each reserved name and each extension of a reserved name.
The reservation of a name is not extended until the Commission has issued a Confirmation Notice in Form CoR 9.4 in response to this application.
A proposed name can only be extended once, and the maximum extension period is 2 months.
BEE
Affidavit
R 390 (2 Days)
For a business with a turnover of less than R10 million, a B-BBEE certificate is not required. Customers can complete an affidavit, signed by a commissioner of oaths.
Once an affidavit has been stamped by a commissioner of oaths, the affidavit serves as a B-BBEE certificate, as no other verification is required for Exempted Micro Enterprises.
Beneficial
Ownership
R 550 (1-7 Days)
The Companies and Intellectual Property Commission (CIPC) launched its beneficial ownership (BO) register for companies and close corporations on 1 April 2023.
The register to be kept is for the applicable companies and close corporations to submit any beneficial ownership information relating to that entity, and anyone with more than 5% beneficial ownership of a company or close corporation must submit the relevant information to the CIPC.
CIPC Annual
Returns
R 350 (2 Days)
All companies and close corporations are required by law to file their annual returns with the CIPC within a certain period of time each year.
The CIPC uses this information to ensure that it is in possession of the latest information of the company or close corporation and to determine whether the company or close corporation is conducting business activities.
Company Amendments
Company Name
Change
R 650 (1-2 Days)
A company name change requires a new proposed name submission to the CIPC. Once this is confirmed by CIPC the company name change can be processed.
The selection of the name options is important as this can delay the process and add costs if the initial names proposed are rejected.
If all 4 proposed company names are rejected, there is an additional cost to CIPC for the submission of a further 4 options.
Director/Shareholder
Changes
R 650 (1-7 Days)
Director changes are required to be lodged with CIPC to ensure that their records are up to date.
Shareholder changes are the responsibility of the Directors and are NOT required to be lodged with CIPC.
We offer both services and can do them simultaneously.
The Directors run the company and Shareholders own the company.
Registered Address
Change
R 450 (14 Days)
The company`s registered address is the physical place where the company does its regular business from.
It is essential to keep CIPC informed of any company address changes to ensure that all legal and official notices will be sent to it.
The registered address is the address at which all government and legal notices are served.
Financial Year-end
Change
R 390 (1 Day)
Some facts to keep in mind when applying for a Financial Year-end Change:
- A company may only change its financial year-end once during a particular financial year.
- A company may not choose a financial year end that will result in the total financial year being more than 15 months.
- A company may choose to shorten its financial year in which instance there is no minimum applicable.
- The new year end must be later than the date on which the notice is filed.
- The current financial year end must not have been ended.
Company
Conversion
R 1,250 (14 Days)
Some companies types can be converted from one type to another. The most common conversion by far is from a Close Corporation to a (Pty) Ltd.
Under the new law [The new Companies Act 2008 came into force on 1 April 2011] private companies can no longer convert into a close corporations and new close corporation’s can no longer be registered. Although existing close corporation will continue to exist indefinitely there is the current option of converting your close corporation to into a company for professional or other business reasons.
Another frequent conversion is from an Incorporation to (Pty ) Ltd and from a (Pty) Ltd to an Incorporation.
MOI
Changes
R 990 (21 Days)
In terms of the Companies Act, Act 71 of 2008, each Company must have a Memorandum of Incorporation. The Memorandum of Incorporation is the single most important document of a Company as this document will set out how the Company will be put together (shareholders, name, financial information and also the rules of the Company).
The Memorandum of Incorporation is registered with CIPC (The Corporate and Intellectual Property Commission) when the Company is registered. In fact, we refer to the incorporation of a Company and not the registration of it.
If the Company wants to change anything about the Memorandum of Incorporation (also referred to as MOI), then there are very specific steps that must be followed.
Tax Clearance Certificate
Company
Restoration
R 1,490 (21 Days)
Close Corporation/Company Restoration is a process by which a Close Corporation/Company gets re-registered after being de-registered. The main cause of de-registration of a Close Corporation/Company is failure to submit annual returns.
In order for a Close Corporation/Company to be restored, the following documents and information is required:
- Certified ID Copy of Member/Director
- Name of Close Corporation/Company
- Close Corporation/ Company Documents.
- Income Tax No. ( If applicable )
- If Close Corporation/Company owns immovable property, full property description & Deeds office where property was registered and Title Deed. ( If applicable )
- If Close Corporation/Company owns immovable property, a Municipal Account in the name of the Close Corporation/Company is required ( If applicable )
- Power of attorney which gives us authority to restore the Close Corporation/Company (which will be sent to you via email once the order is placed).
- Bank Statements showing activity during de-registration period.
- A signed rental agreement that existed during the period of de-registration.
Tax Compliance
Status [TCS]
R 850 (1 - 3 Days)
In an effort to improve compliance and to make it even easier for taxpayers to manage their tax affairs, SARS introduced an enhanced Tax Compliance Status System (TSC). They stoppped issuing Tax Clearance Certificates (TCC) on 2 November 2019.
They now offer a Tax Compliance Status (TCS) from their eFiling website. You, as the company director, can authorise any third party to view your TCS through the use of a TCS PIN. A guide into getting your TCS PIN on the SARS eFiling website is available below.
The TCS system is available for the following applications:
- Good standing
- Tender
- Foreign Investment Allowance
- Emigration
Public Officer
Appointment
R 500 (21 Days)
A Public Officer acts as the representative of the company as far as the company’s tax matters are concerned and has the authority to act on behalf of the company and is accountable to SARS.
Should your company fail to do this, the Commissioner will designate a director, member (in respect of close corporations) or the company secretary as Public Officer.