A person must register for VAT if the taxable supplies made or to be made exceed R1 million in any successive twelve-month period. A person may also register voluntarily if the taxable supply made in the previous twelve months were more than R50 000.
Whether you are the sole proprietor of the company or one of the shareholders of a partnership firm, achieving this legal entity is a must as you can run your business smoothly post company registration.
FAQ
Company registration is crucial for establishing your business as a separate legal entity, which not only provides personal liability protection for owners but also facilitates access to funding, contracts, and other essential business operations.
By registering your business, you enhance its legitimacy in the eyes of customers, suppliers, and potential investors, which can lead to increased trust, improved brand reputation, and better opportunities for growth and partnership.
We specialise in the registration of New (Pty) Ltd companies, which are private entities limited by shares. This structure offers flexibility in ownership, limited liability for shareholders, and the ability to raise capital through the issuance of shares.
The documentation typically required includes identification documents, proof of address, and details of the directors and shareholders. Our team provides a comprehensive checklist to ensure you have all necessary documents prepared for a smooth registration process.
The registration timeline can vary from a few days to several weeks, influenced by factors such as the package selected, the accuracy of submitted documents, and any additional compliance requirements specific to your business.
