VAT Shelf Company Requirements
Independent Agency Notice: Famouz Consultants is a private commercial firm providing corporate administration and business advisory services. We are not a government agency, nor are we affiliated with CIPC, SARS, or any state department. Official government services can be accessed directly at cipc.co.za and sars.gov.za.
What Is Needed to Transfer Ownership of a Shelf Entity?
Acquiring a shelf company from Famouz Consultants is a quick and compliant legal transaction governed by the South African Companies Act 71 of 2008. Because our shelf entities are already fully pre-registered with CIPC and assigned active SARS tax numbers, you do not have to wait for new business name approvals or incorporation queues.
To complete the statutory handover—which includes updating CIPC directorship records (Form CoR39), issuing share certificates, registering Beneficial Ownership (BO), and updating SARS eFiling representatives—we require specific FICA identification and verification documents from all incoming directors and shareholders.
Mandatory FICA Document Checklist
To execute the transfer without delay, please prepare and submit the following documentation for each incoming director and shareholder:
Certified ID or Passport Copy:
- South African Citizens: Clear, certified copy of your Smart ID card (both front and back) or green barcoded ID book.
-Foreign Nationals: Clear, certified copy of your valid Passport.
- South African Citizens: Clear, certified copy of your Smart ID card (both front and back) or green barcoded ID book.
-Foreign Nationals: Clear, certified copy of your valid Passport.
Proof of Residential Address (FICA Compliant):
-Utility bill, bank statement, lease agreement, or municipal statement clearly showing the individual’s full name and physical address.
-Document must be under 3 months old.
-Utility bill, bank statement, lease agreement, or municipal statement clearly showing the individual’s full name and physical address.
-Document must be under 3 months old.
SARS Tax Verification Details:
-Active personal SARS Income Tax number for each appointed director.
-Active personal SARS Income Tax number for each appointed director.
Contact Details:
-Direct cellphone number, active email address, and physical residential address for CIPC director record updates.
-Direct cellphone number, active email address, and physical residential address for CIPC director record updates.
Additional Statutory Requirements for Companies
Depending on the intended structure and ownership model of your new business entity, the following additional compliance rules apply:
[Incoming Directors/Shareholders] ──> Submit FICA Docs & SARS Tax Numbers
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[Famouz Consultants] ─────────────> Draft Board Resolution & CoR39 Lodgement
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[CIPC & SARS Alignment] ──────────> Beneficial Ownership (BO) & TCS PIN Update
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[Famouz Consultants] ─────────────> Draft Board Resolution & CoR39 Lodgement
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[CIPC & SARS Alignment] ──────────> Beneficial Ownership (BO) & TCS PIN Update
Summary of Statutory Documents Delivered Upon Handover
Once your compliance documents are verified and processed, Famouz Consultants provides a complete, updated corporate package: