Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Business Registration Law governs the setting up and running of businesses in Johannesburg, South Africa. It sets out the legal prerequisites for establishing a business, the documents needed, how to apply for a registration number, and the obligations and rights of business owners. The Companies and Intellectual Property Commission (CIPC) is the regulatory body responsible for executing relevant legislation on business registration.
While it's possible to register a business on your own, a lawyer's expertise can be invaluable for ensuring that you meet all legal requirements and avoid future difficulties. Specifically, legal advice can be beneficial when choosing the optimal business structure, navigating complex tax laws, reviewing commercial leases, creating partnership agreements, and resolving potential legal disputes.
In Johannesburg, businesses must be registered with the CIPC. Companies need to apply for a unique name and can also request a director identification number. Businesses must also register for income tax, Value Added Tax (VAT) if applicable, and Pay-As-You-Earn (PAYE) Tax. Depending on the type of business, there may be additional permits and licenses required. It is important to keep up-to-date with local bylaws and comply with regulations specific to Johannesburg.
Yes, the CIPC allows for online registration of businesses. But it's advisable to consult a lawyer before doing so to avoid any potential pitfalls.
2. How long does business registration take?Typically, if all your documents are in order, business registration can take between 20 to 40 days.
3. Do I need to register my business for VAT?Registration for VAT is compulsory if your calculated turnover is more than R1 million per annum.
4. Can a foreigner register a business in Johannesburg?Yes, foreigners can register a business in Johannesburg, but certain requirements must be met, including the appointment of a South African resident as a company director.
5. Do I need a physical address for my business?Yes, South African Business Registration Law requires a physical address within the country for legal correspondence purposes.
For extra information, you can consult the following resources: - The CIPC website and their online portal for business registration. - The Gauteng Enterprise Propeller, which provides assistance to small businesses. - The Johannesburg Chamber of Commerce - The Gauteng Department of Economic Development.
If you need legal assistance with business registration, you should: - Reach out to a legal professional or a law firm that specializes in business law. - Prepare necessary documents, which may include ID, proof of address, and a business plan. - Discuss with the legal professional about the best business structure for your proposed business.
