FAQs

PTY REGISTRATIONS is affiliated with SA COMPANY FORMATIONS who specializes in providing legal firms, auditing practices and the general public with quick, simple and professional assistance in registering companies. This also includes the sale of shelf companies. Combined our team has over 45 years’ experience in the field and we are therefore able to assist with all your queries promptly. We employ both Attorneys and Chartered Company Secretaries and are therefore able to assist with any corporate governance matter.

We assist companies with the ever increasing legal and administrative burdens that are placed on its directors. With the release of King IV and the implementation of the Companies Act 71 of 2008 constant vigilance is required.

By providing a full company secretarial service to companies we ensure that all obligations of directors and prescribed officers are met on an ongoing basis, thus allowing management to concentrate on driving your business.

Our approach to sound company secretarial adherence is threefold comprising audit, statutory and governance.

You will receive an e-mail confirming receipt of your application with a request to forward a clear copy of the ID of the director/s and confirmation of payment.

It can take up to 24hrs depending on delays at CIPC which is beyond our control.

We will notify you via e-mail of the name approval and will then forward you the document for signature by the directors. 44 Once we have received the documents we will then submit the application to CIPC.

It takes less than 24 hrs to be registered.

You will receive the registration certificate and company documents which will include the Memorandum of Incorporation (MOI), share certificate, inaugural minutes and electronic company register.

Yes, all companies are registered for income tax.  The director will receive notification from SARS via e-mail and SMS with the income tax number.

It is not a requirement upon registration of the company unless you are applying for a tender.  You can contact our office to apply and we will advise what is required and cost.

It is not a requirement upon registration of the company unless you are applying for a tender.  You can contact our office to apply and we will advise what is required and cost.

A share certificate is confirmation as to who the shareholders are of a company and will be required when opening a bank account and also to provide to suppliers if requested and when applying for a tender.

A shareholder is the owner of the company and the director managers the company on behalf of the shareholders and is responsible for the daily running of the company.

Yes they can.

Yes, so long as the person registering the new company has a valid passport.

Any natural person with a valid identity document or passport can be a director of a company.

Any legal entity or natural person can be the shareholder of a company.

Any natural person can register a company in South Africa in their capacity as the first director of the new company.

If you register a name for your new company, this will then provide you with common law protection over your trading name.

The Companies Act provides for 2 types of companies, namely – non-profit companies (the previous Section 21 companies); and profit companies, namely, private companies, personal liability companies, public companies and state-owned companies. A non-profit company has a comparable status to a non-profit company under the old Companies Act, and is incorporated for a public benefit …

It is a company that is incorporated for a public benefit purpose. It may not distribute profits to its members or directors but directors are entitled to reasonable compensation for services rendered. A minimum of three directors must be directors of a non-profit company. The name of a non-profit company will end with “NPC”.

It is similar to a private company with the distinguishing factor that the directors and past directors are jointly and severally liable, together with the company. It name must end with the word “Incorporated” or the abbreviation “Inc”.

A Pty Ltd is a private company that is trading for profit, a separate legal entity distinct from its shareholders. A private company (Pty) Ltd cannot offer its shares to the public, has fewer disclosure and transparency requirements and must compromise of at least one director. A private company (Pty) Ltd can have as many …

It is a company that can offer its shares to the public. It has more disclosure and transparency requirements than a private company. The name of a public company must end with the expression Limited or is abbreviation “Ltd”.

It is a foreign company that is carrying on business in South Africa. All foreign companies must register in South Africa within 20 days of conducting business within South Africa.