The CIPC maintains a register of beneficial ownership (BO) for companies and close corporations. This register requires these entities to submit beneficial ownership information for anyone holding more than 5% of the entity. All such beneficial owners must file the required details and supporting documentation with the CIPC. Failure to comply with the compliance notice within the designated period may result in an administrative penalty under Section 175 of the Companies Act.

All companies and close corporations registered in South Africa, regardless of their size or type, are required to file beneficial ownership information. This includes external companies, such as non-profit, private, and public companies operating within South Africa.

South African Registrations offers a comprehensive service to assist companies and close corporations with filing their Beneficial Ownership declarations, including all supporting documents, with the CIPC. Our all-inclusive fee of R950 covers the entire process, ensuring compliance and reducing the administrative burden for our clients.