0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

FAQ’s on Shelf Companies in South Africa

Do you have questions about Shelf Companies in South Africa?

In this article, we will answer the Frequently Asked Questions Entrepreneurs have on Shelf Companies in South Africa.

Don't have time to read? You can also watch the FAQ Videos below:

Here follows Questions and Answers to the most popular FAQ’s South African Entrepreneurs have about Shelf Companies in South Africa. Simply scroll down to the questions that are relevant to you.

What is the difference between a Shelf Company and a New Company??

A shelf company is a pre-registered company with an older registration number and a Pty is a new company registration with a current year registration number. 

If you would like to learn more about the Pty company service, we have created a separate video for you to learn everything you need to know about a Pty company format. Click Here to watch it now.

Which one is better, a Shelf Company or a New Pty?

This depends on the reason for registering a company.

When it comes to urgency, a shelf company can be more beneficial for Tenders, Contracts or even Funding applications,  as you can use the company registration number immediately.

Does a Shelf Company automatically come with an active Bank Account?

The bank account is not currently active as the company is not trading, but we do have reserved accounts which means we can activate it immediately when the company is purchased.

How long does the Shelf Company Amendments take at CIPC?

The company amendments take about one to two weeks after the necessary documents have been submitted to CIPC.

What documents do you get after the Shelf Company Amendments are done?

You will receive the following company documents: 

  • CoR 9.4 – Name Reservation
  • CoR 21 – Registration of business Address Change.
  • CoR 39 – Change of Director Amendments
  • CoR 15.2 – Company Name Change.

Once the CIPC approves your New Company Name, can you start using it immediately?

Yes, you can even start using the new company before the name is approved as you will have already received the registration number of the company. You may trade under the new name once it’s been approved.

Can a Director also be a Shareholder in the Company?

Yes, the director can be a shareholder in the company. One can either be a director only, a shareholder only or a director and a shareholder in the company.

How can I buy a Shelf Company?

You can buy a shelf company from any person or organization who has already registered shelf companies for sale in South Africa. 

The Award Winning Company Partners specializes in South African company registrations and company documentation. So, our experts have registered multiple Shelf Companies for various industries that you can purchase. 

We also have many different discounted Shelf Package options for sale that’s industry relevant and includes specific compliance documents, such as VAT, UIF, Pay-As-You- Earn, Tax Clearance and more.

Book a Free Consultation with one of our Shelf Experts about Shelf Companies for sale in South Africa. 

 

We hope we have answered your questions about Shelf Companies and how they work in South Africa.

If you have more questions or need assistance with your Company Registration, call us Toll-Free on 0800 007 269. 

Or simply signup for a Free Business Consultation with a Compliance Specialist HERE. 

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