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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!

Table of Contents

  • Company Registration, Import & Export

How do I Register an Import and Export Company in 2024?

Explore our import export company guide in 2024 for South Africa.

When we think of a “Import and Export License” we immediately think of a global market to be conquered.

If your business is focussed on bringing exciting new products to South Africa or sharing local products with the world? Starting an Import and Export Business can be incredibly rewarding, but navigating the registration process can feel overwhelming.

With the African Continental Free Trade Agreement (AfCFTA) finally in play, there’s never been a better time to enter the Import and Export market. In this article, we break down the steps to start an Import Export Company in South Africa!

How to Complete your Import & Export Registration?

The journey to global trading begins with four crucial steps to ensure your Import-Export Business successfully enters the international market, complies with import regulations, benefit from international trade agreements and save on import taxes.

We explore the import license south africa cost with Company Partners article

Step 1: Company Registration

Choosing the right business structure, like a sole proprietorship or a private company is vital, as each has its own benefits and limitations. In the context of an Import-Export Business in South Africa, the choice between a registered company and a sole proprietorship should consider the scale of operations, the need for capital, risk tolerance regarding personal liability, and tax implications.

Additionally, Import-Export Businesses often deal with international partners who may perceive a sole proprietorship as less credible or less stable than a registered company, which could impact business relationships.

A registered company may be perceived as more credible and professional by suppliers, customers, and lenders, which can be particularly important in international trade.

Step 2: Get Your Import and Export License

An Import and Export License is essential for conducting legal import and export activities in South Africa. As this registration takes place with SARS, you want to ensure the process is followed correctly. Otherwise, you might be waiting months to receive your import export number. Our aim is to help you understand the requirements for Import Export License South Africa, including the necessary documentation. Here is what you will need to get your Import and Export License:
  1. Valid ID or Passport.
  2. Your company documents (Cor14.3 from the CIPC).
  3. A business bank account.
  4. South African registered address.
  5. Lastly, a Registered representative with SARS.


The cost associated with obtaining this license from SARS directly is free, making it an affordable step into the Import and Export market. Just make sure you complete the documentation correctly, and that you get your SARS Customs Code.

This is essential for the clearance of goods and to comply with South African Import regulations. Failure to register as an importer or to obtain this code can result in delays in the clearance of goods and potentially lead to fines imposed by SARS for non-compliance.

You can download the official Registration Document from SARS here to start the process.

The import license South Africa cost with Company Partners starts from only R1990.

We will guide you through the requirements for import export license south africa.

Need an Import or Export Licence for your Company?

Get a FREE Consultation with a trusted Import Export Specialist today, and we'll get you registerd asap!
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Step 3: Research Trade Agreements

Trade agreements play a significant role in the Import and Export Business, offering benefits like reduced import duties. Also, be aware that certain goods might require additional permits, underlining the importance of comprehensive compliance knowledge.

We recommend that you consider EUR1 and SADC certificates for your newly founded Import Business.

What is a EUR1 and SADC certificate? In short it allows importers to import goods with limited to no import duty. The EUR1 certificate is applicable to certain European Countries, whereas the SADC certificate relates to African Countries. So, ensure you do proper research!

You will need a valid Import Export License number to make use of the above.

Step 4: Additional Compliance

VAT registration becomes mandatory when your turnover exceeds R1 million annually. For Import and Export Businesses, registering for VAT can be advantageous, allowing you to claim VAT on imported goods, thereby reducing overall costs and enhancing competitiveness in the global market.

As you can see, Import and Export registration can be technical and hold some risks if you don’t do It right. At Company Partners, we have over 50+ experts who offer their expertise to help grow your business. This is supported by additional services like compliance and accounting to aid your business growth.

Understanding Import and Export Licenses Framework

The next section in this guide focusses on the actual framework within which you will be running your Import and Export Business.

The core of international trade for South African businesses lies in holding a valid Import and Export License. This license enables entrepreneurs to legally transport goods across borders, ensuring compliance with both South African and international trade regulations.

You can learn more about those regulations from the International Trade Administration Commission of South Africa (ITAC).

Understanding the legal and regulatory framework is vital for successfully operating an Import and Export Business. This includes being aware of the specific requirements and restrictions for different types of goods, such as obtaining additional permits for regulated products. ITAC is just one example of additional permit which you will need to import second hand or used goods.

Speak to us about your import and export business ITAC needs in 2024.

Maximising Success in Import and Export

Success in the Import and Export industry requires more than just obtaining a license; it demands strategic planning and thorough market research. You will need to understand the market dynamics, identify potential trade partners, and analyse consumer trends to make informed decisions. By leveraging your resources, you can pinpoint opportunities and craft strategies that align with your business goals.

If you get stuck, don’t be afraid to reach to professionals. Focus on your strengths and outsource your weaknesses!

Need assistance to setup your Import and Export Company in South africa?

Get a FREE Consultation with a trusted Import Export Specialist today and see how we can help get you registered.
Get a FREE Consultation

Building a Robust Import and Export Network

Networking is key in the Import and Export Business (much like all businesses). Join business communities and focus on building strong relationships with local and international trade partners, logistic companies, and regulatory bodies. These connections are vital for navigating the complexities of international trade and ensuring the smooth operation of your business. They can also open up doors for potential partnerships.

Utilising Technology and Innovation

In today’s digital age, leveraging technology can provide a significant competitive advantage. Research the latest tech solutions for market analysis, logistics management, and customer engagement, ensuring you stay ahead in the fast-paced trade environment.

You can even consider getting a business coach to assist you once you have the funds available. Don’t be closed off to receiving external help. You need to remain open minded in business these days, we have learned.

Your Gateway to Global Trade

There you have it! The gateway to global trade is by no means simple, but it is not impossible. Company Partners is your trusted ally in the Import and Export journey. With our comprehensive services, expertise, and support, we pave the way for your business’s global success.

We are committed to helping you navigate the complexities of international trade, ensuring a seamless and profitable operation.

Ready to take your business global? Contact Company Partners today. Together, we will unlock the doors to international markets, ensuring your journey in the import and export world is successful and rewarding.

 
Speak to our team for your import and export license today, anywhere in SA

Want to ask something about your license? Speak to a specialist for free.

Contact us today!

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