Get Compliant from Anywhere, Easy and Fast!
Get Compliant from Anywhere, Easy and Fast!

Beneficial Ownership
Register at CIPC

Update your Beneficial Ownership Register at CIPC or
complete your Beneficial Ownership for Trusts for only R990 once-off.

 

Register Now OR Get Free Consultation

On 29 December 2022, the South African government published the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 including amendments to the Companies Act 71 of 2008 that came into effect on 1 April 2023. These amendments include the requirement to keep a register of Beneficial Owners updated at CIPC together with its standard compliance requirements. Furthermore, beneficial ownership for trusts needs to be completed at the Master of the High Court.

 

Do you need to file your Beneficial Ownership Register in South Africa?

Navigating Beneficial Ownership in South Africa has never been simpler.
You can order it online here or you can call our Toll-Free number (0800 007 269).

Beneficial Ownership Service

R990 Once-Off

Benenficial ownership register explanation in south africa

Get Compliant from Anywhere, Easy and Fast!

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Frequently Asked Questions

What exactly is beneficial ownership (BO)?

Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or asset, even if the title is under another name.

BO isn’t just about who owns shares in a company. It’s about understanding who has significant influence or control, even if they don’t own shares directly. Think of it as identifying the real people behind a business, ensuring there’s clarity and transparency in operations.

Also have a look at our comprehensive guide on Beneficial Ownership Registration in South Africa.

 
 
 

The following entity types are required to file Beneficial Ownership information, if applicable:

  • Profit companies
  • Non-profit companies
  • External companies
  • Close Corporations
  • Trusts

Learn about beneficial ownership register south africa

 

 

 

 

 

 

beneficial ownership registration made simple for companies and trusts, call us toll free today

Beneficial ownership registration made simple for companies and trusts, call us toll free today!

Companies are required to update their beneficial ownership information in the register whenever there are changes to the details of the beneficial owners, within atleast 10 days. This ensures that the register is always current and reflects the true ownership structure.

 
 

In South Africa, transparency in business operations is paramount. Registering your beneficial ownership with the CIPC not only ensures you’re adhering to local regulations but also builds trust with stakeholders. It’s a proactive step that showcases your commitment to ethical business practices and positions you favorably in the market.

 
 
 
 
 
 
 

Starting on the right foot is essential. By understanding and registering your BO details early on, you’re setting a foundation of transparency and compliance. It’s not just about avoiding penalties; it’s about establishing a reputation of trustworthiness from the outset, which can be invaluable as your business grows.

You can read more about beneficial ownership at CIPC in our detailed explaination here.

 
 
 
 
 
 
 
 
 

At Company Partners, we believe in making complex processes straightforward. Our team of experts will guide you through the intricacies of BO, ensuring you’re not only compliant but also confident in your understanding. From initial registration to any necessary updates, we’re your dedicated partner in navigating this essential aspect of business in South Africa.

beneficial ownership for trusts and companies follow our simple 3 step process
Beneficial ownership for trusts and companies follow our simple 3 step process.
 
 
 
 
 
 
 

Indeed, there are. South African regulations are stringent about BO, and non-compliance can lead to substantial fines. But it’s not just about avoiding penalties; accurate registration ensures you’re operating with integrity, which can have long-term benefits for your business reputation and relationships.

 
 
 
 
 
 
 

BO in trusts can be a bit complex. Essentially, they refer to situations where one individual or entity holds assets on behalf of another. It’s a way to manage and protect assets, but like all forms of ownership, it’s crucial that these trusts are transparent and correctly registered to ensure all parties involved are protected and compliant.

 
 
 
 
 
 
 

‘beneficial owner’, in respect of the provisions of a trust instrument, means—

  • a natural person who directly or indirectly ultimately owns the relevant trust property;
  • a natural person who exercises effective control of the administra- tion of the trust arrangements that are established pursuant to a trust instrument.
 
 
 
 
 

To obtain a beneficial ownership certificate, you  need to submit information and documentation regarding beneficial owners to the CIPC in South Africa. The official step-by-step guide on how to get your beneficial ownership certificate can be found here.

Call toll free to discuss your beneficial ownership registration in South Africa.

 
 
 
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