Annual Returns
Annual Returns – Stay Compliant & Avoid Deregistration
Since 1 September 2008, all companies and close corporations (CCs) are legally required to submit Annual Returns to the Companies and Intellectual Property Commission (CIPC). This process ensures that businesses are still operational and that the Registrar has the latest company information on record. Failure to submit and pay for Annual Returns for more than six months may lead to deregistration, meaning your company will no longer be legally recognized.
To remain compliant, all companies and CCs must also submit a Beneficial Ownership Declaration at an additional cost of R800.
Annual Return Costs
Companies: |
Close Corporations: |
|---|---|
| Turnover < R1 million – R650 | Turnover < R50 million – R650 |
| Turnover between R1 million and R10 million – R950 | Turnover > R50 million – R4,500 |
| Turnover between R10 million and R25 million – R3,000 | |
| Turnover > R25 million – R4,500 |
Ensure your business remains in good standing by filing your Annual Returns on time. Let us handle the process for you efficiently and hassle-free!
Frequently Asked Questions (FAQ)
Answer: Since 1 September 2008, all companies and CCs are legally required to submit Annual Returns to the Companies and Intellectual Property Commission (CIPC). This statutory process confirms to the Registrar that your business is still active and ensures your company details are kept up to date.
Answer: If you fail to submit and pay for your Annual Returns for more than six months from the due date, the CIPC may initiate a deregistration process. Once a company is deregistered, it is no longer legally recognized, and it loses its legal standing to trade or operate.
Answer: The total cost depends on your business structure and its annual turnover:
For Companies: * Turnover under R1 million: R650
Turnover between R1 million and R10 million: R950
Turnover between R10 million and R25 million: R3,000
Turnover over R25 million: R4,500
For Close Corporations (CCs):
Turnover under R50 million: R650
Turnover over R50 million: R4,500
Answer: Yes, to remain fully compliant with South African regulations, all companies and CCs must also submit a Beneficial Ownership Declaration. If you have not submitted yours yet, it can be handled alongside your Annual Returns for an additional cost of R800.