New Pty (New Name)

Register a new Company with a ‘New Name’ within 1 week here! By registering a Pty you will be allowed to trade formally, have a business bank account, grow, apply for Contracts / Tenders / Supplier Listings and much more! We will register your Company at CIPC / DTI in the quickest possible timeframe. This option allows you to choose your OWN unique Company Name.

 

Process

  1. Search: Firstly we search the availability of your Preferred Company Name and alternative names.
  2. Reserve: If your preferred Company Name seems to be available, we reserve the Company Name with CIPC.  If your Company Name is already used, we will assist you to register an alternative Company Name suitable for your industry.
  3. Register: After we have successfully reserved your Company Name, we will register your New Company in the fastest timeframe possible. View our latest timeframes.

companyregistrationrequirements

 

Price: R 990 once-off for a brand new Company with your own unique Company name. (includes a Free ‘Tax Number’ and ‘Official BEE Affidavit’).

 

Company Registration includes the following documents

All the Registration Documents which your business needs to operate as an entity after registration.
a) COR9.4: Name Reservation Certificate.
b) COR14.3: Company Registration Certificate (this used to be called the CK1 document for CC’s).
b) COR14.1 and CoR14.1A: Appointment of Incorporators and Directors.
c) COR15.1A: The Memorandum of Incorporation (MOI) – CIPC’s recommended version.

 

Delivery of Documentation

CIPC issues all final and original documentation electronically, and we will email all final and original documentation to you. Our online system can therefor be used by anyone located anywhere in South Africa or Internationally.



More information on Option 1 (New Name) follows:

Note: It is your responsibility to make sure that your Company Name does not interfere with any Trademarks.  To check if your new Company name is not already taken (and for best practice on choosing your Company name), please test each name by following our Company Name Guidelines.

Please make sure that you have chosen the Registration Option most suitable for your current needs. If you are not sure which Registration Option to choose, click here for more information about each of our Registration Options

Please note that the registration timeframes vary depending on the workload of CIPC.  The most recent timeframes are updated on a regular basis here: Current CIPC Timeframes

Advantages of Option 1 (New Name):

1. Unique Identity (different to other Pty options)

Your Company will have a unique identity which creates a ‘Brand’ – as you choose a New Company Name of your choice.

2. Start Trading

A Pty Company, registered at CIPC, allows a business to formally trade with its own Company Name and Bank Account. It may then also apply for beneficial certificates such as:

  • Tax Verification & Clearance
  • Letter of Good standing
  • Many more…

Most Tenders and Contracts also require that you have a registered Company.

3. Tax Benefits

A Pty Company qualifies to get tax advantages such as:

  • Auto expenses (car related deductions)
  • Medical Aid
  • Donations / Charity
  • Home Office Space
  • All business related expenses

4. Minimise Risk

An individual is protected when trading under a Pty Company because the business is then a separate entity. Meaning that you (as the Owner / Director / Shareholder) take much less risk than when you are dealing under your own name.

5. Liquidity

Private Companies are more liquid (easy to buy and sell shares) than other Company formations. Via share allocation the Company can consist of 1 to 50 shareholders / directors.