What is an Online Company?
Electronic business is any kind of business or commercial transaction that includes sharing information across the internet.
Online Company Registration In South Africa
Company Registration
A company may be registered with or without a company name. When a company is registered without a name, its registration number automatically becomes the company name. Such a company may transact with a trading (business) name or may apply to add a reserved name at a later stage.
A company registration is R125 for both private companies and non-profit companies registered without members. A private company must have at least one (1) director and a non-profit company must have a minimum of three (3) directors. A successful company registration transaction automatically comes with a tax registration number.
Name Reservation
You may apply for between 1 and 4 proposed names during an application process, which costs R50. If your name reservation application is not approved, you will need to apply for new names at another cost of R50.
REQUIREMENTS
- BizPortal currently only caters to South African ID holders. Login on https://eservices.cipc.co.za if you do not have a South African ID.
- A 3D Secure cheque or credit card that is enabled for online transactions.
- A list of up to four (4) proposed names for your company.
- For director verification, you need to have all directors’ identity documents/cards and marriage certificates. Possible verification questions are:
- Date of issue of the identity document or card
- Marriage date, as recorded by the Department of Home Affairs
- Spouse’s ID number
How many days does it take to register a company in South Africa?
Company registration can take anything from about 5 days to about 5 weeks depending upon the type of company and the ability of the client to provide all of the necessary information and signatures.
By far the simplest and quickest is a (Pty) Ltd. This is the one that normally takes about 5 days.