salim jhavary      
STARTING A NEW BUSINESS ....
The following is the basic procedure for starting a new business:
  • Formation of the trading entity (Company, Close Corporation, Trust, other) and receiving proof of registration from the relevant authority
  • Open a bank account for the registered entity
  • Register the entity, and stakeholders where necessary, as taxpayers and obtaining tax reference numbers
  • Registration of the entity for Value Added Tax (VAT), where turnover in excess of R300000 per annum is expected or other necessary reasons
  • Registration with the local Regional Services Board
  • Employers to register for PAYE, Unemployment Insurance (UIF), Skills Development and Workmen's Compensation, Importer and/or Exporter
  • Where necessary, register with the relevant Industrial Council or financial services board
  • Prepare a Manual of Promotion of Access of Information and lodge with SAHRC