Starting and running your own business is an exciting adventure, but there are certain legal requirements that need to be met - including registering your company with the Companies and Intellectual Property Commission (CIPC). Many aspiring entrepreneurs often wonder how much it costs to register a company at CIPC.
Understanding the CIPC
The CIPC is responsible for the registration of companies in South Africa. It is a governmental body created under the Companies Act 71 of 2008 to regulate corporate activity and improve corporate governance.
What are the Costs of Registering a Company with CIPC?
When registering your company with CIPC, you need to pay a fee that differs depending on the type of company you are registering, as well as how you choose to register.
If you are registering a company with share capital, the registration fee is R175. There are also additional fees if you require any supporting documentation such as a memorandum of incorporation or notice of registered office.
In the case of companies without share capital, such as non-profit organisations, the registration fee is R0.
Costs for Co-operatives
Co-operatives are unique entities and have a different fee schedule for registration. The cost to register a co-operative with CIPC depends on the number of members joining the co-operative. The fee structure is as follows:
| 1 - 10 Members | R500 |
| 11 - 50 Members | R1000 |
| 51 - 100 Members | R1500 |
| 101 - 150 Members | R2000 |
| 151 - 200 Members | R2500 |
Online vs. Offline Registration
CIPC offers both online and offline company registration. If you choose to register your company online, you can do so using the eServices portal on the CIPC website. The process is quick and easy, allowing you to register your company within minutes. The online service also offers a discount on the registration fees.
Offline registration can be done at CIPC offices or by submitting the necessary documents by post. The fees for offline registration are higher than the online fees.
In Conclusion
Registering your company with CIPC is an important step in starting your business, and it is essential that you have a clear understanding of the costs involved. The fees for registering a company vary depending on the type of company you are registering and how you choose to register. It is recommended that you do your research and carefully weigh your options to make the best decision for your business.
