How do I get a shelf CC in South Africa?
How do I get a Shelf Company in South Africa? You can buy a legally CIPC-registered Shelf Company from Company Partners by making one Toll Free call on 0800 007 269. Alternatively just complete the shelf company registration form here.
Are shelf companies legal?
A shelf company, also known as a shelf corporation, ready-made company, blank check company, or aged company (in all these cases you can use ‘company’ or ‘corporation’), is a legally-registered company that has no activity.
What is a shelf CC?
A Shelf company, is a Close Corporation(CC) or Pty (Propriety Limited) company that has been pre-registered and waiting to be bought by a client in order to trade immediately.
How much does a shelf corporation cost?
As mentioned above, Shelf Corporations can sell for anywhere between $650 and $10,000, possibly more. The younger Shelf Corporations sell for less while the more ages ones will be pricier because of their perceived longevity.
How much does it cost to register a CC in South Africa?
If you want the company to have a name, then the minimum cost is R175. That is the CIPC fee of R50 for reserving the name and R125 for registration of a company. If you don’t register a name, you’ll end up with a company called something like K2020/001234/07.
Can you buy a CC?
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. 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.
What is the benefit of buying a shelf company?
Common reasons for buying a shelf corporation include: To save the time involved in taking the steps to create a new corporation. To gain the opportunity to bid on contracts. Some jurisdictions require that a company be in business for a certain length of time to have this ability.
What are the advantages of a shelf company?
Here are the Top 5 Advantages of Buying a Shelf Corporation:
- Saving time and expense of forming a brand new corporation.
- Instant access to contract and government contract bidding.
- Instant credibility and an appearance of corporate history.
- More attractive to potential investors and investment capital.
Can I still register a CC in South Africa?
Can I register a new close corporation (CC)? No, after the implementation of the new Companies Act (Act 71 of 2008) no CC can be registered and no conversions from Companies to CCs will be allowed.
What is the difference between CC and Pty Ltd?
Both Close Corporations (CC) and Private Companies (Pty) count as a legal entities and have limited liability of members or shareholders. Close Corporations are often the type of company chosen by small business owners. CCs have members – up to a maximum of 10 natural people.
What is the difference between a CC and a pty?
What happens after buying a shelf company?
You can get a brand-new Company and a Company Registration number within one day when you buy a Shelf Company. CIPC Company Registration usually takes about one workweek. You can save even more time if you buy a Shelf Company that’s also registered at other authorities like SARS or the Workman’s Compensation Fund.
What does shelf company mean in South Africa?
A Shelf Company is a term used to describe a normal Company that’s up for sale, although it’s never been traded with, despite being fully and legally registered at the CIPC. It describes a Company that you can purchase immediately because it has already been registered at the South African authorities.
Which is better a shelf company or a company registration number?
A new company registration number will make it seem like you have NO experience; whereas a 2019 Shelf Company it will match up better with your industry experience. Especially when applying for new deals, Tenders, Contracts, Financing and Rentals. 3. Tender Now.
Do you need a VAT registration for a shelf company?
Tender Now. Some of our Shelf Company options include a Tax Clearance Certificate, PAYE Registration and VAT Registration Number – all which are required for certain Tenders and Contracts. For many applications you are required to have a Company Registration Number of 1 Year+ and a Tax Clearance Certificate of 1 Year+ just to apply.
Can a shelf company be purchased from a bank?
A Shelf Company can be purchased if you are looking for a company that has been pre-registered and comes with a registration number to bypass the whole registration process. Business and Banks also prefer dealing with companies that have been registered for a few months.