Lets file your beneficial ownership information

Lets file your beneficial ownership information

Lets file your beneficial ownership information

A “beneficial owner” is an individual who ultimately owns or controls a company, either directly or indirectly. This can involve owning shares, controlling voting rights, appointing or removing board members, or exercising control over a holding company.

Additionally, a beneficial owner may control other connected entities or persons, or materially influence the company’s management through other means. Filing your beneficial ownership was introduced to help encourages ethical and fair business practice and supports cooperation in combating financial crime.

What are the legal requirements?

On 29 December 2022, the South African government published the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 including amendments to the Companies Act 71 of 2008 that came into effect on 1 April 2023.

These amendments included the requirement to keep a register of beneficial owners and to file this information with the CIPC on a regular basis. It also defined concepts such as beneficial owners and affected companies.

The purpose of these amendments was to provide the relevant authorities with the necessary information to reduce the risk of money laundering, financial crimes, and reputation damage.

What are the legal requirements?

On 29 December 2022, the South African government published the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 including amendments to the Companies Act 71 of 2008 that came into effect on 1 April 2023.

These amendments included the requirement to keep a register of beneficial owners and to file this information with the CIPC on a regular basis. It also defined concepts such as beneficial owners and affected companies.

The purpose of these amendments was to provide the relevant authorities with the necessary information to reduce the risk of money laundering, financial crimes, and reputation damage.

What are the legal requirements?

On 29 December 2022, the South African government published the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 including amendments to the Companies Act 71 of 2008 that came into effect on 1 April 2023.

These amendments included the requirement to keep a register of beneficial owners and to file this information with the CIPC on a regular basis. It also defined concepts such as beneficial owners and affected companies.

The purpose of these amendments was to provide the relevant authorities with the necessary information to reduce the risk of money laundering, financial crimes, and reputation damage.

Beneficial ownership FAQs

When is the deadline for filing beneficial ownership with CIPC?

When is the deadline for filing beneficial ownership with CIPC?

When is the deadline for filing beneficial ownership with CIPC?

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Join the proudly South African companies 🇿🇦

Get Started

For as little as R249, file your beneficial ownership information in less than 5 minutes.

Add Company

Get Started

For as little as R249, file your beneficial ownership information in less than 5 minutes.

Add Company

Get Started

For as little as R249, file your beneficial ownership information in less than 5 minutes.

Add Company