FAQS
- How long does it take to register a company with Bonmas?
- It will take 7-8 days for name reservation and only 48 hour to register the company.
- How much does it cost to register a company with Bonmas?
- It will only cost R750.00 to register a company.
- How many directors can a private company have?
- How many authorised shares must I choose for my MOI?
- You can choose any amount of shares as per your agreement with your shareholders, but many start-up companies generally use: 1000
- How will I receive my documents after registration?
- All your documents will be sent to you via email.
- You can also make arrangements to receive them via post or courier (charges will apply)
- What are the requirements for registering a company?
- You need to have valid ID or Passport
- How long does it take to get your BBBEE with Bonmas?
- How much does it cost to get a BBBEE with Bonmas?
- What level will I receive on your BBBEE status?
- It will depend on the ownership of your business, however, if your business is 100% black owned, it will receive a level 1 BBBEE status.
- Can I receive a BBBEE certificate even if I am white?
- Even if you are a white owned business, you still need a BBBEE certificate
- How will I receive my BBBEE certificate?
- Your certificate will be sent to you via email
- You can arrange to have your certificate via post or courier (charges will apply)
- What will I do with my BBBEE certificate?
- You can use your certificate to apply for tender and supply database.
- You can use your certificate for marketing purposes.
- What are the requirements to get a BBBEE certificate?
- CK documents
- ID copies of directors
- Tax clearance certificate
- Why do I need to register my business for income tax?
- All businesses are required to comply with south African tax law.
- How long does it take to register for income tax with Bonmas?
- How much does it cost to register for income tax with Bonmas?
- What are the requirements to register for income tax?
- CK documents
- ID copies of directors
- How much does a tax clearance certificate cost with Bonmas?
- How long does it take to get a tax clearance certificate with Bonmas?
- What is the process of acquiring a tax clearance certificate?
- We will get a tax report
- Submit outstanding returns (if any)
- Apply for tax clearance certificate
- What do I do with a tax clearance certificate?
- You can use it to apply for tenders or supply database, etc.
- What are the requirements to get a tax clearance certificate?
- CK documents
- ID copies of directors
- Tax reference number
- How much does VAT registration cost with Bonmas?
- How long does it take to register for VAT?
- What are the requirements to register for VAT?
- CK documents
- ID copies
- Proof of account
- Invoices amounting to R50 000.00 per single month
- Bank statements reflecting a R50 000.00 per single month
- How much does it cost to get a share certificate with Bonmas?
- It cost R250.00 per certificate
- How long does it take to get a share certificate with Bonmas?
- Why do I need a share certificate?
- It is required when registering with bodies like CIDB, etc.
- It reflect the owners of the company and their share percentages
- What are the requirements?
- CK documents
- ID copies of all shareholders
- Resolution indicating the share transfer agreement
- How much does EMP registration cost with Bonmas?
- How long does it take to register for EMP?
- What are the requirements to register for VAT?
- CK documents
- ID copies
- Proof of account
- How much does CIDB registration cost with Bonmas?
- How long does it take to register for CIDB?
- What are the requirements to register for VAT?
- CK documents
- ID copies
- Share certificate(s)
- Tax clearance certificate
- How long does it take to register for compensation fund with Bonmas?
- What is compensation fund?
- Is the fund put in place by the labour authorities in the country to provide compensation and protect both employee and employer in case of occupational injuries, diseases and death resulting from such injuries
- How much does it cost to register for compensation fund with Bonmas?
- What are the requirements for registering for compensation fund?
- ID copies
- CK / registration documents
- When are CIPC returns due?
- CIPC returns are due within the anniversary month (if the company was registered in January, the annual returns will be due every year in January)
- How much does it cost to submit annual returns with Bonmas?
- It cost R250.00 per return (excluding CIPC fees)
- How long does it take to submit the returns?
- Must I submit the annual returns even if my company has not traded?
- Yes, as long as the business is registered, it needs to submit the annual returns, regardless of whether the business traded or not.
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