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.<\/p>\n
The service is available to both Nedbank and non-Nedbank clients starting a new company, wishing to formalise existing businesses or creating additional ones.<\/p>\n
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.<\/p>\n
\u2018This 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.”<\/p>\n
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.<\/p>\n
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.<\/p>\n
CIPC Online is ideal for businesses with up to three directors, who are South African citizens, the bank said.<\/p>\n
The application fee for qualifying applicants is R175.00 – if you don\u2019t have a company name – to register a company.<\/p>\n
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.<\/p>\n
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