1) Reserve a name for your company
According to the Online PTY Registration, a name reservation takes between seven to 21 days. A company certificate can be registered within three to five days afterward, depending on whether you have submitted your documents on time, and the workload of the registrar's office
You will need to file for a company name that will identify your business in the Memorandum of Incorporation. There are three options to register a name- either by registering a company first using your name and file for registration of the name later or reserve the name and then initiate the company incorporation process later.
Before you even reserve a name, you need to carry out a name search with the CIPC to ensure that no other company bears the trademark or name. CIPC does not charge business owners to search patented information as long as they have registered on the main portal to access CIPC online services. The last option is using the enterprise number to register the company with the view to filing for a name at a later stage through a name amendment.
CIPC charges R75 for the manual registration of the company’s name and R50 if you file electronically on the portal. From the date of application, it will take three days to reserve the name until its approval. Once approved, the name reservation will be valid for six months.
Read more: https://briefly.co.za/20810-how-register-a-business-south-africa.html
2) Register your company with CIPC
“A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members). There are five types of companies that you can register. If you wish to run a franchise business, you would register a private company.”
Unlike a company, small businesses are not legal entities. As such, you are not required to register it with the Companies and Intellectual Property Commission (CIPC). After starting your business operations, you are required by law to register for an income tax reference number from the exchequer within 60 days.
3) Registering with South African Revenue Service (SARS)
All businesses must fulfil the legal obligation to remit taxes. In our case, a private company will be registered with the taxpayer automatically, if the incorporation of the company is done through the CIPC. Otherwise, for other types of businesses registered by sole proprietors or partners, they have to register with SARS within 60 days of starting their business operations.