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This is the first must step for every business person to attend,
The South African Youth Technonologies Legally registered as SAYT (PTY) LTD is able to assist in
registering your company anytime.
Company registrattion is a Government Commissioner of Companies & Intellectual Property that was implememnted for members of the board within the company to
comply with the Companies Acts.
The South African Company registration digital system functionality is only entitled for South African Applicants to become directors for a certain company that need to be registered with the Commissioner of Companies & Intellectual Property. The system can be positively verified through the Department of Home Affairs. For those that cannot use the update functionality then a COR39 (Director amendment) or a CK2 (Member amendment) must be filed to amend their details.
HOW DO YOU SEE THAT YOUR COMPANY IS LEGALLY REGISTERED?
To proof that your company has been registered successfuly you must have Company Registration Number along side with follwing documents:
Registration / disclosure Certificate - COR14.3
Notice of Incorporation - COR14.1
Notice of Incorporation - Initial directors - COR14.1A
Memorandum of Incorporation - COR15.1A (PTY) Ltd. or COR15.1C NPC
The important notification will be issued during company registration. To proof that, SARS Tax Number will be printed on your company registration certificate. Please respond or act on SARS e-Filing system as you come across your company SARS Tax Number printed on your company registration certificate. Should you require any additional assistance please phone SARS Contact Centre on 0800007277.
Broad-Based Black Economic Empowerment (BBBEE or B-BBEE) is a form of economic
empowerment initiated by the South African government in response to criticism
against Black Economic Empowerment instituted in the country during 2003/2004.
While broad-based black economic empowerment may have led to the enrichment of a few previously disadvantaged individuals (Black African, Coloured or Indian), the goal of broad-based empowerment is to distribute wealth across as broad a spectrum of previously disadvantaged South African society as possible. In contrast, broad-based empowerment measures equity ownership and management representation against apartheid entrenched status quo prohibiting non-whites from fair economic participation.
The South African Revenue Service (SARS) is the revenue service (tax-collecting agency) of the South African government. It was established by
legislation to collect revenue and ensure compliance with tax law. SARS previous channels for
taxpayers led into a SARS branch to obtain printed TCCs for good standing, tenders, emigration and foreign
Now adays you can utilise the resources due to mundane, repetitive work. One of the focus areas of SARS e-Filing system is to reduce the number of visitors to a SARS branch with regards to TCC applications and empowers taxpayers to help themselves by means of an electronic service. To retrieve your pin or Tax Clearance for Tax Compliance Status you should contact SARS directly, if you require any additional assistance please phone SARS Contact Centre on 0800007277.
As business person, it is a must to have a business bank account because it helps to keep business transactions separate from personal finances, and usually comes with special conditions for businesses. The advantages of getting a separate bank account for your business are clear to see. This will help you as a business owner to track expenses, manage cash flow, and make it easier to calculate tax liabilities.
The Central Supplier Database (CSD) is a single database that will
serve as the source of all supplier information for organs of state.
The supplier information will be verified with institutions such as the
South African Revenue Service, Companies and Intellectual Property Commission,
Department of Home Affairs etc. All suppliers will be required to complete
required information on the CSD website and must ensure it is complete,
accurate and comprehensive.
The CSD does not automatically verify foreign company registration number, international securities identification number, foreign identification numbers, foreign passport numbers, work permit numbers, foreign bank accounts, B-BBEE, demographic and accreditation information. Organs of State are required to manually verify this information with the applicable verification institutions as per CSD current policies and procedures.
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