How long does it take to form a company in South Africa?
Company registration can take anything from about 5 days to about 5 weeks depending upon the type of company and the ability of the client to provide all of the necessary information and signatures.
By far the simplest and quickest is a (Pty) Ltd. This is the one that normally takes about 5 days. If you are going this route, don’t reserve the name yourself. If you do, you’ll add a week or two to the process.
Any other type of company can take 5 weeks or so, sometimes considerably longer. Here are some of the things that will slow it down –
1) Getting IDs, full contact details of directors and then getting signatures if there are several directors as required for a Not for Profit Company (NPC)
2) Deciding on the detail of the Memorandum of Incorporation for a Public company or a NPC that may have special requirements.
3) CIPC delays when forming any company other than a (Pty) Ltd.
If the timeline is too long, then the alternative is to buy a shelf company. We carry all types in stock.
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I want to open my own company
HI Ernest,
Please visit http://www.harbourassociates.co.za and buy online, or call 011 805 0030