The Business Registration Company - Products

All companies and Close Corporations registered with CIPC need to submit and pay Annual Returns to them annually. This must be paid within 1 month after your business's anniversary. This allows them to know that you are still in business. Failing to pay annual returns could cause your business to go into de-registration process.

A Pty Ltd is a private company that is trading for profit, a separate legal entity distinct from its shareholders. A Pty Ltd (a private company) is liable for its debts and creditors cannot sue the shareholders for the payment of these debts. A Pty Ltd can have a minimum of 1 shareholder and has no restriction on the maximum number of shareholders it can have. REGISTRATION INCLUDES THE FOLLOWING 1) COR9.4: Name Reservation Certificate. 2) COR14.3: Company Registration Certificate 3) COR14.1 and CoR14.1A: Appointment of Incorporators and Directors. 4) COR15.1A: The Memorandum of Incorporation (MOI) 5) Share Certificates

A letter of Good Standing is a compliance certificate issued by the Compensation Fund as proof that your business is currently registered, all return of earnings have been submitted and any assessment fees have been paid. A Letter of Good Standing is issued every year after your have submitted your Return of Earnings for that year and paid the relevant fee.

A Return of Earnings must be submitted by the 31 March on a yearly basis to the Compensation Fund. This submission will be a declaration of the annual earnings of your employees. The salaries/wages declared and the category of business you are in will determine the fee you are liable to pay for that year.

WHAT DO WE DO? We will submit the required forms with the Compensation Fund and follow up until the process is complete. The registration process can take an average of 21-30 working days depending on the backlog at the Compensation Fund. Please keep in mind that once submitted your registration is in the hands of the Compensation Fund. We follow up with them regularly and keep you updated via sms/email. Once registered a provisional assessment will be raised by the Compensation Fund.