In South Africa, maintaining accurate records of beneficial ownership and submitting annual returns is not only essential for regulatory compliance but also safeguards your business against legal and financial risks.
At Online Biz Makers, we provide a seamless solution to handle these filings on your behalf, ensuring your company remains compliant with the Companies and Intellectual Property Commission (CIPC) requirements.
What is Beneficial Ownership?
Beneficial ownership refers to the natural persons who ultimately own or control a company. As a business, it is crucial to disclose this information to the CIPC. The Beneficial Ownership Register helps authorities prevent misuse of legal entities for activities like money laundering or terrorism financing. Companies with shareholders holding more than 5% ownership are required to submit this information.
What is an Annual Return?
An annual return is a legal requirement for all companies registered in South Africa. It is a form that must be submitted annually to the CIPC, confirming that your company is still in business and providing up-to-date information. Failure to submit annual returns could result in penalties, deregistration, or a loss of your company’s legal status.
Why is Compliance Important?
Compliance with beneficial ownership and annual return regulations ensures that your company:
- Stays in good standing with the CIPC.
- Avoids penalties and deregistration for non-compliance.
- Builds trust with clients, investors, and stakeholders by demonstrating transparency.
- Reduces risk of being used for fraudulent or illegal activities.
How We Help?
Our team takes the burden off your shoulders by managing the submission of your Beneficial Ownership and Annual Return filings. we handle the filing process, ensuring your business remains compliant with CIPC.
What Happens Next?
To get started, simply click the button below to be redirected to the next page and request a service will see you on the other side.