Compliance varies based on the category that your business falls into. This means that requirements for starter businesses vary from that of registered businesses.
Compliance for South African Starter businesses
If you are a starter business based in South Africa, we understand that you have yet to incorporate your business. Therefore, we require that you provide us basic information including your contact information and an official/government-issued means of identification. This could be your national ID card, driver’s license, or international passport.
Additionally, you will need to provide a valid proof of address and a personal bank account (which must be accompanied with your bank verification letter).
Compliance for South African Registered businesses
As a registered business on ivorypay, we expect that you have all documents that contain the details of your business registration. We require that you provide these documents in order to complete your compliance on ivorypay.
All South African registered businesses on ivorypay are required to provide the documents listed below:
- Business bank account accompanied by a bank letter of verification
- CIPC certificate: This document is the official registration document for your business. It must be signed and duly issued by the Commissioner for Companies and Intellectual Property Commission.
- CIPC Enterprise number: This refers to your business approval number as indicated by the CIPC
- Director information: We require that you provide information on two directors of your company.