How To Register A Small Business With Fnb

In most cases an sme can be either a sole proprietorship or a partnership.

How to register a small business with fnb. Before a customer can access his internet banking account he must first register with fnb by following several steps. How to register a business in south africa. Like many other banks fnb bank offers its personal and business banking customers online access to checking savings and credit card accounts. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. This innovative partnership is a first in south africa and will benefit big and small businesses in many ways says sanjeev orie head of products fnb business banking.

The companies and intellectual property registration office cipro was replaced by the companies and intellectual property commission cipc in may 2011 together with the new companies act the act changed the way business owners had to register their companies. You can also register your company via a bank including nedbank and first national bank. First national bank fnb appears to have stolen a march on its competitors with the launch of a world first service in collaboration with the companies and intellectual property commission cipc. To operate a company in south africa the company must be registered with the companies and intellectual property commission cipc of south africa prior to commencing business. We will help you register your company with cipc and open your fnb business bank account.

It will cost the consumer r125 to register the company which excludes the name reservation since entrepreneurs can now trade with just their registration number as stipulated in the regulations of the companies acts. What is the cipc and what does the law say.