Monthly Company Maintenance Plan

1. We will cover any CIPC costs over the year.

We will cover all the CIPC costs related to changes in your Company Registration Documents. You can change your company’s name, its address, you can add or remove multiple directors and you can even transfer shares. We’ve got you covered, so you can freely change your paperwork when your business changes.

2. We remind you when your annual CIPC paperwork is due and we will administer it on your behalf.

Once every year, your dedicated consultant will collect information from you to keep your company compliant with the CIPC’s annual requirements. This includes:

• Your estimated turn-over figures, if you’re not trading yet this would be R0.
• The current address of your company.

Kindly note that there are two instances where we don’t include all your costs: when your company’s turnover (sales) had been more than R1 million in any 12 months cycle. In these cases, we will offer you a quote, depending on the CIPC’s requirements.

3. We will store all your paperwork securely online to simplify CIPC and other company administration.

We have a sophisticated online system that is specifically designed for South African entrepreneurs. This system allows you to store, track and manage all your company administration on one digital platform.

4. We assign a dedicated business expert to your account.

Whether you have a question in CIPC compliance, Tax or Tender Compliance, your dedicated consultant is always available to support you and to walk you through the next steps in your business.

The act of submitting your Annual Return to the CIPC is seen as an indication that your company is still trading, or has the intention to trade in the future. Technically you do not renew your Company Registration, but you rather confirm it with the submission of your Annual Returns to CIPC.

According to South African law, you have to submit your Annual Return if you wish to keep your Company registered and active on the CIPC’s records.

The CIPC is an acronym for the Companies and Intellectual Property Commission.

This commission administers 15 different parts of the law that relate to the regulation of corporate and intellectual property in South Africa. Corporate and Intellectual property includes companies. This is why the CIPC executes company registrations.

The CIPC is largely based on the Companies Act (2008).

If you sign up for one of our CIPC-related services, our company experts will represent you at the CIPC. Our team has been working with the CIPC since 2006.

Every company has a unique due date. Your first Annual Returns are due within 30 days after the first day your company is registered at the CIPC.

Every year thereafter, you need to submit your Annual Returns within one month of your CIPC registration date. If, for example, your company was registered on the 1st of March, it should be submitted every year on the 1st of April.

The Compensation Fund is a fund that administrates the financial contributions of South African employers and the claims by South African employees or their dependents regarding work-related deaths, injuries or diseases.

This fund forces employers to make provision to financially compensate their employees (or their dependents) in the case of any work-related incidents that cause death, harm or illness to their employees.

Almost all South African Employers are required by law to contribute to it. In turn, the fund offers financial assistance and/or compensation for occupational injuries, diseases or deaths to employees or their dependents.

The Compensation Fund is administered by the Compensation Commissioner who approves the claims.

Most South African Employers have to register for COIDA.

If you employ one or more part- or full-time employees you have to register with the Compensation Fund (COIDA). You have to register with the Commissioner at the Compensation Fund within the first 7 days of employing your first employee. If you’re unsure, rather start the COIDA Registration process to find out whether you should than neglecting to do so.

If you neglect to submit your Annual Returns at the CIPC when it’s due, the commission may deregister your company.

Late submission can be made but penalty fees will apply.

If you do not submit your Annual Return, your company will be removed by the CIPC from its active records after a while. Legally this means your company will no longer be a Pty Company, it will stop existing as a legal entity.

Whether or not your company can apply for a specific Tender, Contract or RFQ depends on your paperwork.

We can help you fast-track these timeframes. Simply talk to one of our consultants. We offer every entrepreneur in South Africa a free business consultation.

We understand that every individual and business has unique needs. That’s why we offer a wide variety of monthly services designed to cater to your specific requirements and budget.