Registering your business in SA just got easier
Nedbank, in conjunction with the Companies and Intellectual Property Commission (CIPC), has unveiled ‘CIPC Online’, a fully automated service that enables business owners to register a business and open a business bank account.
The service is available to both Nedbank and non-Nedbank clients starting a new company, wishing to formalise existing businesses or creating additional ones.
The Minister of Trade and Industry, Dr Rob Davies says a key theme for the Department of Trade and Industry (the dti) and its agencies is continuous improvement.
‘This is exactly what this project is demonstrating: it is a public-private partnership in the true sense of the term where government and Nedbank partnered to offer different products to the mutual customers through an integrated process.”
Nedbank noted that one of the first steps towards creating a small business is securing a company name, registering the company with the CIPC and obtaining a shareholder certificate.
At this stage, a new business owner would also need to open a bank account to make and accept business related payments and start building a credit record.
CIPC Online is ideal for businesses with up to three directors, who are South African citizens, the bank said.
The application fee for qualifying applicants is R175.00 – if you don’t have a company name – to register a company.
Nedbank said it is working on further enhancements to assist clients in the electronic filing of Annual Returns, BEE registration and potentially UIF registration in the near future.
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