Our Services
 

Company
A Company is a separate legal entity which offers limited liability to the owners and managers. Limited liability means that the owners and managers are relatively protected from the debts of the company. The company is the most common way to register and operate a business. A company can qualify for preferential tax  rates, provided it meets certain criteria.
What do I need in order to register a company?
1. Decide on what names you want the company to be registered as.
2. Decide who will be the directors and shareholders
3. Make copies of identity documents
4. Contact RegXpress for the rest.

Sole Proprietor
A sole proprietor is a single owner who operates a business on his/her own name.  This is the easiest to register, however the most risky as the owner places all his PERSONAL assets at risk should the business fail. The sole proprietor also pays the highest tax rate, with the maximum marginal rate being 41%.
What do I need in order to register as a sole proprietor?
1. Certified copy of identity document
2. Proof of address
3. Proof of banking details

Partnership
A partnership is agreement between 2 or more people, which is governed by the partnership agreement. It is very risky, in that partners will be held jointly and severally liable for the business debts. This means that even though a person may not be involved in the operation of the business, he will be liable for the debts incurred by other partners.

 

What do I need in order to register as a partnership?
1. Certified copies of identity documents of each partner
2. Proof of address of each partner
3. Proof of bank details
4. Partnership agreement

Trading and Investment Trusts

A trust is a legally formed entity whereby a donor sets up a mechanism for the benefit of beneficiaries. The trust is operated by trustees, who are guided by the trust deed. A trust deed sets down the parameters within which the trust can operate. A trust is an effective way to reduce tax liabilities as well as estate duty.

What do I need in order to register a trust?
1. Names for the trust
2. Certified copies of identity document - trustees
3. Proof of address –  Trustees
4. Certified copies of identity document - beneficiaries
5. Proof of address - beneficiaries
6. Proof of bank details – beneficiaries
7. Details of donor
8. Set out the purpose of the trust

Non-Profit Organisation (NPO)
A Non-Profit Organisation is an entity which provides services to the community, using funds from government.  Example – government funded orphanage. It is established to take care of certain community needs, and can raise fund through donations and government grants.
What do I need in order to register a NPO?
1. Decide on what names you want the company to be registered as.
2. Decide who will be the directors Make copies of identity documents
3. Contact RegXpress for the rest.

Public Benefit Organisation (PBO)
A Public Benefit Organisation is an entity which provides services to the community, using funds from a variety of sources. People who donate to a PBO can  get tax relief on the donations.
What do I need in order to register a PBO?
1. Decide on what names you want the company to be registered as.
2. Decide who will be the directors
3. Make copies of identity documents
4. Contact RegXpress for the rest.

Co-Operative
A co-operative is an independent association of persons who join forces to meet their economic,  social and cultural needs through a jointly owned and democratically controlled enterprise.
What do I need in order to register a Co-Operative?
1. A business plan
2. Constitution
3. Identity document copies of  each member

Income Tax
All individuals, businesses and organisations that earn income or operate a business in South Africa have to register for income tax.  Income tax is the tax that a business pays on its profit after expenses. Individuals pay tax on the salary and investment that they earn. There are many different tax rates, for different types of business.

Turnover Tax
A business with a turnover of less than R 1 000 000 (One million rands) can register for turnover tax.  Turnover tax, as the name suggests, is calculated on turnover, as opposed to net profit after expenses

Value Added Tax – VAT
Value Added Tax – businesses with a turnover of ONE MILLION RAND per annum MUST register for Vat.  Certain businesses are exempt from Vat. Businesses with a turnover of less than ONE MILLION RANDS can apply for voluntary registration

Unemployment Insurance Fund – UIF
Unemployment Insurance Fund – all entities or individuals who employ people MUST be registered for UIF.  The employee and employer must contribute 1% each of the gross salary to the UIF fund, which is collect by SARS.

Pay As You Earn – PAYE
Pay As You Earn – this registration allows the employer to deduct and pay over the employee’s UIF and Income Tax on a monthly basis to SARS.  Those employees who do not deduct PAYE will be held personally liable for the employee’s tax.

 

Import & Export Code
This is for businesses who will import or export goods and services.

Workers Compensation – WCCA
Workers Compensation Fund - all entities or individuals who employ people MUST be registered for WCCA.  If an employee gets injured on duty, the Workers Compensation fund will pay for the employee’s treatment.

 

Construction Industry Development Board – CIDB
The CIDB grades organisations which operate in the construction industry. This includes contractors, engineers, electricians, plumbers, etc.

National Home Builders Registration Council – NHBRC
  The NHBRC is the “watch dog” for anyone engaged in building homes for people. The NHBRC offers warranty protection against defects in new homes. If a contractor has clients who are using bond finance for their building, the contractor will have to be registered with NHBRC.

Motor Industry Bargaining Council _ MIBCO
  Any person who operates within the industry must register with MIBCO. MIBCO facilitates a provident fund for employees, and partakes in collective bargaining on behalf of employees.

 

Retail Motor Industry Organisation – RMI & Fuel Retailers Association - FRA
RMI and FRA are organisations which represent the employers in the motor industry. The RMI and FRA partakes in collective bargaining on behalf the employers, with regards salaries, margin increases etc.

 

Fuel Retail Licence and Fuel Site Licence
Any person who trades in fuels must obtain a licence from the Department of Mineral and Energy.

Private Security Industry Regulatory Authority – PSIRA
Any person or organisation that provides ANY security services MUST be registered with PSIRA. This includes armed response and monitoring companies, alarm installers, gate manufacturers, CCTV installers, etc.

 

Trading Licence &Second Hand Goods Licence
A trading licence, if essential, is required for any person or organisation who is involved in the food and catering industry. The licence application vetting is conducted by the Health Department as well as Fire Department. A Second Hand Goods Licence is required by pawn shops and anyone who sells second hand goods, such as cars, cell phones, jewellery, etc.

Central Supplier Database – CSD
Any person or organisation who wishes to provide goods and services to ANY Government Department must be registered on the Central Supplier Database. The database used to be called the ZNT Number Database, but the system has recently changed in January 2017.