What is the role of the CIPC?
What is the role of the CIPC?
The CIPC is responsible for the following functions: Registration of Companies, Co-operatives and Intellectual Property Rights (trademarks, patents, designs and copyright) and maintenance thereof. To disclose Information on its business registers.
How do I register my CC company in Namibia?
Procedure to register a close corporation (CC)
- Copy of the approved form for name reservation.
- Founding statement in triplicate.
- Consent letter from the accounting officer.
- Certified Copy of passport in case of foreigners.
What is a CC company in Namibia?
A close corporation is a legal entity much like a company. A CC is run and administered by its members, who must be natural persons (i.e. not other legal entities). A close corporation’s members are like a company’s shareholders. These extra requirements made the close corporation a much more attractive business form.
How much does it cost to register a company in Namibia?
Fees
| Different Namibia entity types | Cost | Draft invoice |
|---|---|---|
| Branch of a foreign company | US$13,100 | View invoice PDF |
| Fast nominee LLC | US$23,850 | View invoice PDF |
| Trust company | US$12,950 | View invoice PDF |
| Free zone company | US$11,750 | View invoice PDF |
Why is it important for all companies to be registered with the CIPC?
Company registration with the CIPC Through the CIPC, companies can secure name reservations that are legally instated and recognized by official public and private institutions. Furthermore, companies registering with the CIPC can prevent possible legal issues pertaining to name changes in certain cases.
What is the difference between Cipro and CIPC?
CIPC stands for the Companies Intellectual Property Commission. Previously known as CIPRO. This is the body that governs all registered entities in South Africa i.e. closed corporations, public companies, private companies, external companies and incorporated companies in terms of the Companies Act.
How does a CC company work?
A CC is similar to a private company. It is a legal entity with its own legal personality and perpetual succession and must register as a taxpayer in its own right. A CC has no share capital and therefore no shareholders. The owners of a CC are the members of the CC.
What is a Pty Ltd company in Namibia?
How does a Pty Ltd company work in Namibia? A Pty Ltd is a private company that is trading for profit, a separate legal entity distinct from its shareholders. It is liable for its debts and creditors cannot sue the shareholders for the payment of these debts.
Can a CC be a holding company?
A Close Corporation can also hold shares in a company and can become the holding corporation in a group of companies.
How much does it cost to start a business in Namibia?
The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.
Where can I register my small business in Namibia?
Business Registration
- the Ministry of Finance (registration for VAT and Company Tax)
- the Ministry of Labour.
- the Ministry of Home Affairs (work permits, visas, etc.)
- the Social Security Commission.
- NAMFISA.
