All companies and close corporations are legally required to pay an annual return to CIPC every year, on the anniversary of the date that the company was started. This is done to keep the company registered and active.
Companies that do not file and pay for annual returns with CIPC are at risk of being deregistered. Deregistration can take months to resolve.
Companies have 30 business days from the date that the entity becomes due, to file annual returns before it is considered non-compliant with the Companies Act.
Annual returns are completed within one business day after receiving payment. The CIPC fees are based on the turnover of the company, however, there may be penalties due for previously outstanding or late returns. We will inform you of the fees payable and any penalties that have accrued.