Setting up a company in South Africa involves several essential steps, including:

• Name Reservation: Reserve a company name through the Companies and Intellectual Property Commission (CIPC). You can submit up to four name options online via the CIPC e-services portal.

• Company Registration: Register your company with the CIPC to obtain a company registration number and certificate. This process is also completed online through CIPC e-services.

• Tax Registration: Register your company with the South African Revenue Service (SARS) to obtain a tax registration number and clearance certificate. This includes registration for income tax, payroll taxes, and potentially VAT. Registration is completed via the SARS e-filing website.

• Department of Labour Registration: Register your company with the Department of Labour for the Compensation Fund (CF) and Unemployment Insurance Fund (UIF), which provide benefits to workers.

• Bank Account Opening: Open a business bank account with a registered bank in South Africa. Provide necessary documents like company registration, tax certificates, and identification.

Navigating these steps can be complex, but at BBO Consulting, we streamline the process, ensuring compliance and efficiency in setting up your new company. Let us handle the administrative burden while you focus on building your business.

Outsourcing your company registration to BBO Consulting offers several benefits:

• Time and Cost Savings: Free up your resources and focus on core business activities while we handle your company registration. Avoid the expenses associated with in-house staff and software updates.

• Error Reduction and Risk Management: Rely on our expertise to ensure accurate and compliant registration, minimizing the risk of penalties or disputes.

• Enhanced Quality and Credibility: Benefit from our quality controls and timely registration processes, enhancing your reputation with regulatory authorities and stakeholders.

At BBO Consulting, we offer comprehensive services to kickstart your company’s operations:

• Name Reservation and Company Registration with CIPC: We assist in selecting and reserving a fitting name for your company with the CIPC, ensuring availability and suitability. Additionally, we handle the registration process with the CIPC.

• Tax Registration: Our team aids in registering your company for tax with SARS, securing a tax registration number and clearance certificate.

• Department of Labour Registration: We guide you through the registration process for the CF and UIF with the Department of Labour, acquiring necessary registration numbers and a letter of good standing.

• Bank Account Opening: We facilitate the opening of a bank account for your company with major banks in South Africa, providing the required documentation and information.

• Tailor-Made Packages: Customized packages are available to meet your specific needs and preferences, including additional registrations, certificates, or licenses such as domain name registration or B-BBEE certification.