If you specifically need a CC for legal purposes, you can still buy one of our Shelf CCs here or call us on toll free on 0800 007 269 to buy a Close Corporation from us.
Close Corporations (CC’s) are not being registered in South Africa anymore. Up to 2010 you could register a CC or a Private Company (Pty) Ltd. Under the Companies Act of 2008 these two Company formats were ‘merged’ and only PTY Company Formats have been registered since. Please note that we still have shelf CCs for sale that were registered in 2010.
Looking for a PTY Company Registration instead? We can register a PTY for you here (which has the same and more advantages than the CC format).
If you have a Close Corporation (CC) in South Africa, you have two choices:
1. Keep it. According to the current law (Companies Act of 2008), CC’s will continue to exist in its current form. Note that there are new requirements.
2. Convert your CC to a Private Company. To gain the Advantages which are included in the latest Company Act for Private Companies (PTYs), it could be a smart move to convert your current CC to a PTY / Private Company. We can assist you with the CC to PTY conversion process here.
Note: No new CC’s can be registered anywhere. The Private Company (PTY) format is the best possible option to use for most Small and Medium Enterprises in South Africa. See why here.