Government has launched the pilot phase of a new business portal, led by the Companies and Intellectual Property Commission (CIPC).
“The portal is a pioneering and innovative project for government e-services. It will improve the time and ease for young people to start new enterprises and sends a great signal two days before the SA Investment Conference,” said Minister of Trade and Industry Ebrahim Patel on Monday.
The Biz Portal is a single integrated company registration platform in South Africa. Through the platform an entrepreneur will be able to register a business within a day in South Africa, a dramatic improvement on turnaround times of 40 days recorded by the World Bank 2020 Ease of Doing Business Report.
The public has been encouraged to test the new portal while it is been piloted over the next three months at https://bizportal.gov.za.
The digital platform is aimed at bringing together business-related services from various public entities within South Africa.
Through collaboration with the South African Revenue Services (SARS), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF), CIPC made it possible for applicants of private companies to obtain the following:
• Company registration
• Tax registration number
• Domain name registration
• B-BBEE Certificate
• Compensation Fund registration
• Unemployment Insurance Fund registration
• Business Bank account
The Minister said the Biz Portal entails company registration functions that have already been tried and tested for several years within the CIPC’s E-services environment. This will also cater for options in terms of registering for UIF and Compensation Fund Reference Numbers.
According to the Department of Trade and Industry, four major banks are participating on the platform.
“Depending on the nature of the agreement the customer will be able to make a direct payment in relation to the registration services at the end of the transaction, be routed into a safe banking platform to apply for a business account or opt for their personal details to be passed on to a bank of their choice,” said the department.
The next phase of the Biz Portal will make provision for other services related to running and maintaining a business.