We specialise in working with small and medium-sized enterprises (SME) that have between 1 – 100 employees.
Simply put we have a “Business In A Box Solution”.
All companies (including external companies) and close corporations are required by law to lodge their annual returns with CIPC on the date of registration every year.
When must a company or close corporation file its annual returns?
If a company or close corporation has filed its tax returns with SARS, is it still required to file annual returns with CIPC?
The South African government has set up a special fund to compensate employees for injuries or diseases resulting from work. All employers must register with the Workmen’s Compensation Fund so that their workers can claim compensation for occupational injuries and diseases. The Compensation Fund covers permanent and casual workers, trainees and apprentices who are injured or contract a disease in the course of their work and lose income as a result.
All registered employers pay an annual assessment fee based on their workers’ earnings and work-related risks. Employers who register for and pay their annual Workers Compensation fees are protected from being sued by employees who are injured at work. Employees are protected from financial loss if they are injured at work.
To register, fill in and submit the annual return of earnings form to the Compensation Fund. After receiving your return of earnings form, the Compensation Commissioner will determine the assessment fee you should pay.
You must pay the assessment fee within 30 days of receiving your notice of assessment, or you will be charged interest and penalties. The payment date is printed on your notice of assessment. It is your responsibility to contact the Compensation Fund if you have not received a notice of assessment.
The Compensation for Occupational Injuries and Diseases Act (COIDA) provides compensation for disablement caused by occupational injuries or diseases sustained or contracted by employees in the course of their employment, or for death resulting from such injuries or diseases.
COIDA applies to all employers, and casual and full-time workers who, as a result of a workplace accident or work-related disease, are injured, disabled, or killed or become ill.
What will we need from you?
These documents will be needed to complete this process. We will follow up with you to get these items, but if you have them ready, it will speed the process up.
✓ CIPC documents (if you have them).
✓ Copy of ID of business owner / director.
✓ Description of nature of business.
✓ Completed COIDA registration form.
✓ Letter of authority to act on your behalf.
Any entity with annual revenue less than R 10 million qualify as an Exempt Micro Enterprise (EME). All start-up and newly registered companies qualify as an Exempt Micro Enterprise (EME).
– Level 1 issued if black ownership is 100%.
– Level 2 issued if black ownership is 51% or more.
– Level 4 issued if black ownership is less than 51%.
For a business with a turnover of less than R10 million, a BB-BEE certificate is not required. Customers can complete an Affidavit, signed by a Commissioner of Oaths, and hand it instead of the BB-BEE certificate. Once the Affidavit has been stamped by a Commissioner of Oaths, the Affidavit serves as a BEE certificate as no other verification is required for Exempted Micro Enterprises.
Qualifying Small Enterprises (QSE)
Benefits of having a BEE Certificate
Having a BEE Certificate will create various benefits and advantages for your business, including:
The new formation (Company Registration) of a company is the creation of a brand new PTY company with no prior history and is registered directly into the names of the directors of your choice.
When creating a new PTY company (Company Registration) is it referred to as a “new formation”, and the following steps will be taken:
1) Name reservation – you will be required to register a valid name for your company.
2) New Formation PTY (Company Registration) – Once the name reservation has been approved, we then attend to the company registration process on your behalf.
The time frame for Company Registrations is dependent on CIPC
Who should register as an importer or exporter?
All persons who import or export goods into/out of South Africa shall register as an importer/exporter with Customs.
Why should you apply for an Import/Export License?
It is a statutory obligation to have an import and export license should you engage in overseas or cross border trade.
What is an Importer?
An importer includes any person, who, at the time of importation:
What is an Exporter?
An Exporter is a businessperson who transports goods abroad (for sale).
Minimal requirements for import and export License?
If you’re applying for an Import and export license, you will need at least a valid bank account and an Income tax Number.