It costs just R175 to start a business in South Africa, which is cheaper than 90% of the rest of the world, according to the World Bank Group's Doing Business study.
Starting a business in South Africa is inexpensive. Reserving a company name and registering with the Companies and Intellectual Property Commission (CIPC) can cost less than R200. These are the only cost-driven procedures associated with starting a business in South Africa, as determined by Doing Business' company registration study using data from 2020.
Opening a dedicated bank account, registering for income tax, withholding taxes – employees tax (PAYE), Unemployment Insurance Fund (UIF), Skills Development Levy (SDL) – VAT and with the Compensation Fund carry no initial charges.
It doesn’t cost a lot to start a business in South Africa, but it does take a long time to get through all the processes.