Beneficial Ownership & Annual Returns

Description

Beneficial Ownership Compliance:
Beneficial ownership refers to individuals who have more than 5% ownership or control in a company. It is a legal requirement to disclose this information to the CIPC. Non-compliance can lead to penalties and reputational damage for your business.

Annual Return Compliance:
Submitting annual returns is mandatory for all companies in South Africa. This ensures your company remains active and in good standing with the CIPC. Failing to submit annual returns may result in penalties, loss of legal status, or even deregistration.