Get answers to common queries regarding the selling process, legal implications, and cash evaluations.
Yes, completely. Company ownership and directorship transfers are regulated under the Companies Act, 71 of 2008. The process requires filing official changes of directorship and address records with the CIPC (Companies and Intellectual Property Commission) and updating registered records with SARS.
Once you submit your company registration and VAT details, our compliance team reviews the CIPC records and SARS tax compliance status. This process typically takes 2 to 4 business hours, after which we will contact you with a formal cash acquisition offer.
Once the CIPC directorship change forms (CoR39 documents) are prepared, signed by both parties, and submitted for processing, we execute an immediate EFT payment directly to your nominated South African bank account.
No. We issue a formal legal Indemnity Agreement stating that from the date of the signed CIPC transfer, WeBuyVatCompanies takes full operational, financial, and compliance responsibility for all past and future corporate actions of the company.
Clean tax compliance means: (1) All SARS tax returns have been filed on time, (2) No outstanding SARS debt or payment arrangements, (3) A valid Tax Clearance Certificate or Tax Compliance Pin is available, (4) No active audits or SARS investigations, (5) VAT returns filed if the company is VAT-registered.
It depends on the severity. Minor issues like late-filed returns or small SARS penalties can often be resolved before sale. We assess each case individually. Contact us with details and we'll review whether we can acquire the company with compliance matters.
A shelf company is an existing company that has been inactive or dormant but maintains its registration history with CIPC and SARS. A new company registration takes 6–12 months and requires extensive CIPC filings. A shelf company allows immediate trading under an established VAT number with full compliance history.
No. The original bank account will be closed or controlled by the previous owner. After we take ownership, a new bank account must be opened in the company's name with the new directorship. Banks typically require updated CIPC documents and proof of ownership before opening new accounts.
The Indemnity Agreement is a legal document signed by both parties that protects you against future SARS liability, tax claims, or CIPC compliance issues discovered after the sale. It's drafted by our legal team, and you're welcome to have your own attorney review it before signing.
You are protected by the Indemnity Agreement. Simply inform SARS of the directorship change and provide them with our contact details. All post-sale SARS matters (audits, investigations, compliance queries) are our responsibility, not yours. Your indemnity covers you completely.
Yes. We regularly purchase multiple companies from accountants, tax practitioners, and business owners. Bulk sales qualify for volume discounts. The more companies you sell, the better our offer per company. Contact us directly with your portfolio.
No minimum. We purchase companies across all price ranges based on age, VAT status, and compliance history. Even companies with modest valuations are welcome. Our offers are competitive and based on current market rates for shelf companies in your company's age bracket.
Initially, just provide: (1) CIPC registration number, (2) VAT number, (3) Company name, (4) Your contact details. For the transfer, we'll request: CIPC extract, ID documents, Tax Compliance Pin, and a signed transfer authorization. Our team guides you through everything.
Our offers are market-based and final. However, we assess each company individually, so factors like company age, VAT history, and compliance status can influence the valuation. If you believe your company warrants a higher offer, we're happy to review additional information.
We follow a strict protocol: (1) You receive a formal cash offer in writing, (2) Payment is cleared to your bank account via EFT, (3) Only after you confirm receipt, do we proceed with CIPC/SARS filings. This protects you completely—you have the cash before we have the company.
This is a compliance discrepancy that must be resolved before sale. We'll flag this during verification. You'll need to file an updated CIPC form to reconcile director information. We can assist in resolving these issues before proceeding with the purchase.
Yes. If CIPC has deregistered your company, we handle the full reinstatement and restoration process. We purchase the company in its current deregistered state, manage all paperwork, and pay you the cash offer before we begin restoration.
We buy companies with outstanding SARS penalties. The penalty amount will be accounted for in our acquisition offer, but you will still receive a cash payout. We assume 100% legal responsibility and liability for resolving the penalties post-transfer.
CIPC penalties and backlogs are no problem. We handle CIPC communication, penalty clearance, and the back-filing of annual returns. This is fully handled by our standard process for penalized companies.
Yes. Simply fill out our valuation form and write in the notes that you would like a pre-valuation phone call. Our team will contact you to discuss your company's situation, answer your questions, and explain our process with zero pressure.
