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Frequently Asked Questions
Learn more about business registration from our list of Q&As that clients are curious about.
Have any questions?
It is preferred to register a new Company because a Shelf Company has an unknown history. Although it is already registered, a shelf company would need to have a lot of changes done to suit the new owners, e.g. changing the directors/members and details and maybe the name of the company as well. These changes added all together could be more costly than registering your own company and could take alot longer to be processed.
Yes a new Company can be registered
The following should be provided: 4 names in order of preference, Directors' ID copies, Directors postal and physical address, Company’s postal and physical address
Upon approval, we email your certificate, your print out therefore becomes your original.
There is no limit to the amount of directors a company can have.
The process normally takes 1-7 working days.
We need at least 4 proposed business names.
Yes you can, if the name is available on CIPC.
A shelf company is a company that has been registered for the sole purpose of being resold.
Yes there is an annual fee of R100 to be paid to CIPC on the anniversary date of your company's registration. If these fees are not paid on time, a penalty fee of R50 will be charged.
The new Companies Act (Act71 of 2008) does not allow registration of Close Corporation, however continuation is granted for existing CCs.
The purpose for the filing of such Annual Returns is to ensure that a Company or Close Corporation is still in business and will continue trading in the future, failure to submit results in deregistration.
Annual returns must be filed each year.
If a Close Corporation converts to a Company, all outstanding CIPC Annual Returns must be up to date before the conversion process.
