Ever since covid19 came into our lives we have seen friends and family members loose their jobs. and now people have lost their source of income, maybe this might be the right time to start a business since jobs might prove difficult to find anytime soon. Its not as expensive as people make it sound to be, to register a company in south Africa with the CIPC(company and intellectual property commission) will only cost you R175 and R50 for name reservation which you deposit at an ABSA branch or ATM, you can find their banking details on the CIPC website. you must create a customer account before depositing because they will require your customer code to allocate your funds. after depositing you can go into their website and start the registration process. you can go to YouTube to watch a step by step video on how to navigate the CIPC website and what to do in order to register your business. you must have a certified identity document with you and after registering they will send a document which will require all directors to sign and attach all directory members certified identity documents, which you will resend back to CIPC for the finalizing of your company registration. within the next 24 hours after sending documents you will receive the following a welcome letter, registration certificate (COR14.3), notice of incorporation and memorandum of incorporation. i hope this is helpful to those who did not know.
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