requirements to start a security company in south africa

This includes paying a registration fee of R2 280 and writing an exam. Whether you’re a South African entrepreneur researching how to register and start your own security company in South Africa or an established security business looking to get all your paperwork in order, this article is for you. We have been providing Company Registration & Start-up Services to over 10 000 clients via CIPC, the Dti, SARS, DOL and CIDB. We also assist with PSIRA Grading for Individual Security Officers. The Department of Labour has useful tips for self-employment. In most cases, an SME can be either a sole proprietorship or a partnership. I am passionate about what I do”, says Margolis. The security company profile Or how do you become a seller for an international company locally (SA)? Look at your business plan and decide if you have a competitive advantage. You can register as a member of any security association, like SASA, SASSETA, SANSEA, SANSEA or ESDA, that relates to your area of business in security. If one of your plans is registering a business in South Africa, especially a small business in the form of a small-medium enterprise (SME) or a startup, you will not have to register the entity like a company. Selling the business concept seems to the problem, said Margolis. Make sure that you have a structure in place. Stay abreast of new trends in the field, and update your skills. If you are starting a security company that sells electronic alarm systems and other security products it’s wise to become a member of SAIDSA in order to provide your business with the credibility it needs to be taken seriously by the public and security service providers. Once you have passed the exam, proved that you do not have a criminal record, SIRA will conduct an inspection to establish whether or not your business meets the infrastructure requirements. Essentially it’s a prerequisite if you’re interested in South African Tenders, Contracts or RFQ’s. Company Registration at CIPC, SARS, COID, CUSTOMS, CIDB & More, Home » Security Company Registration (PSIRA). You can do your own research on which one will offer you the most value in terms of your specific security company. The fastest way to get everything you need is by using our COID Registration Services, however, you can also do it yourself by going to the Labour Department and thereafter making all your payments for your COID-issued Letter of Good Standing. As mentioned above you can either opt for our assistance, as the list of requirements is really long to ensure registration, or you can do it yourself. Please enter your username or email address to reset your password. Join our Facebook Community of 20 000+ Followers. Be sure that you are an Entrepreneur who is serious about making a success and working hard to get there, before you consider the security industry. Save time by calling our Toll Free number below, As mentioned in our expert tip, the fastest and easiest way may be to work through us. It is estimated that the private security industry in South Africa employs over 400 000 individuals. The document you need if your company earns (it’s sales are) R10 million or more per year. To start a Security Service Company in South Africa you must setup a legitimate business, preferably with one or more business partners. Over … This includes paying a registration fee of R2 280 and writing an exam. Once done you have to register with the Private Security Regulatory Authority (PSIRA). The other option is to employ sales staff. This implies that the first step is registering with the Workman’s Compensation Fund, also known as COID, at the Labour Department. The security service product supplier must have the infrastructure and the required expertise to support the relationship continuously. In this post, we explain 11 steps in the start-up process, specifically in the context of a franchise business model. The fastest way to get everything you need is by using our, UIF and COID Registration (if applicable), A declaration stating that your security company can operate for the next year. fixed telephone, fax machine, a hard copy or electronic filing system for the orderly keeping of all records and documentation, Show that the affairs of the applicant security business are managed and controlled by appropriately experienced, trained and skilled persons, The applicant security business has at its disposal a sufficient number of registered and appropriately trained and skilled security officers for the rendering of a security service for which it has contracted or is likely to contract, The security officers must be properly controlled and supervised, The applicant security officer has at its disposal sufficient and adequately skilled administrative staff members for the administration of the affairs of the applicant, The business must have has all the necessary equipment, including vehicles,  uniforms, clothing and equipment that must be issued to its security officers. Please Complete Your Contact Details Below. To get Tenders and Contracts in the Security Industry in South Africa there are many Compliance Documents required. The second reason relates to financial security. To start a security service company in South Africa you must register with the Private Security Regulatory Authority (PSIRA). Clients need to know if something happens to you, the business will not fall apart, and the services they have paid for and you have agreed to supply, will not cease. As our slogan "Register, Empower, Grow" states, we take entrepreneurs from having an idea to a growing Company which contributes to the economy of South Africa. In order to start a security company you will need to register with the Private Security Regulatory Authority (PSIRA). These are his five tips that will help to get the business going. We will show you everything you need to ensure your security business is legally registered and ready to trade or apply for security tenders, How to register a business in South Africa. Only once you’ve made the payment, you are eligible for a Letter of Good Standing. The applicant security business is in lawful possession of the firearms and other weapons that are necessary offer security services in respect of which it has contracted. The security industry has established a number of bodies to regulate itself. They can also assist with recruitment and criminal checks. We’ve posted some helpful links below. However, you can also visit the CIPC’s, The first step is the Employer Tax Registration. PSIRA is a regulatory organization that, according to South African law on security companies (specifically the South African Security Industry Regulation Act 56 of 2001), makes sure there are standards, laws and safety or quality assurance that every functioning Security Company in South Africa abides by. You have to register your security company, yourself and almost everyone who’s connected to your business with PSIRA, the Private Security Industry Regulatory Authority in South Africa. The second part pertains specifically to the documents that security companies in South Africa need to have. “There’s tough competition, but I love what I do and wouldn’t sell my business even if I was offered triple what its worth. If you want to start a Security Company in South Africa, we can also assist with PSIRA Registration and the Security Company Compliance documents you need. If you’re still under the R1 million mark in terms of income over the last 12 months, you don’t need to register, but it could be beneficial to opt for voluntary registration. It is important to make yourself known. This post is for you: If you want to start your own security company in South Africa or if you want to get your existing security company’s compliance documentation in order to apply for Tenders, Contracts or RFQ’s. Get fast and effective guidance and use our PSIRA requirement service. Don’t worry too much about UIF contributions, it’s really a tiny amount as a minute percentage of your employees’ salary that you need to contribute. Greg Margolis is the CEO of NYPD Security, a niche security company that has operated for the last five years in the leafy northern suburbs of Johannesburg. It’s my experience that bigger companies are reluctant to give security contracts to a company that is a one-man show. An authenticated copy of the PAYE number from SARS, An authenticated copy of the COID number (Compensation for Occupational Injuries & Diseases) from the Department of Labour. The regulations come after consultations with the private security sector stakeholders. If you annual turnover is above R 10 million per year and you therefor require a BEE certificate, please visit our, 102, Hoheizen Office Park 1, Hoheizen Cres, More info by SARS’s on Employer Registration, Info by SARS on who needs to register for UIF, More info on the Workman’s Compensation Fund in South Africa, 3) Other Security Associations in South Africa (like SASA), The CIPC website’s specifications on B-BBEE, compulsory and voluntary VAT registration, SARS’s info on VAT Registration (you can check here whether you’re eligible for compulsory or voluntary registration). You can read more about that on the. Sufficient information in writing to enable the Authority to ascertain that the applicant security business meets the requirements with regard to the infrastructure and capacity necessary to render a security service; Submit a business plan to the Authority including the location and activities, A resolution by the applicant security business stating that it will be able to operate for the next year, The applicant proves that it has an administrative office that is accessible to the inspectors of the SIRA, The applicant must have equipment which is necessary for the management and administration of the security business, e.g. Do your research on the company. Most startups or small to medium businesses just need a B-BBEE Affidavit. A B-BBEE Affidavit or BEE Certificate is usually a requirement when you apply for private or government Security Tenders, Contracts or RFQ’s in South Africa, because it confirms what your level of Black Economic Empowerment is in terms of its ownership. If you have an international number, please enter it here. We won’t be zooming in on the daily workings of a Security Company in South Africa, but rather what the essential documents are that contribute to having a successful security company in South Africa that’s eligible for Tenders and Contracts. It’s better to separate your personal finances, in terms of liability and tax submissions, and that requires you to formally register your business as a company at the CIPC. Thank you for registering with Company Parters. Whether you have landed a great order and need funds to deliver on it, a customer is late in paying their invoice or you want to take advantage of a special offer on a new piece of equipment for your factory or stock for your store – all can have a massive impact on your cash flow. PSIRA registration requires a registration fee, and one must take an exam to determine their competence in safekeeping matters. What is the procedure to register a security company in South Africa? The first part discusses general documents every South African business needs to be compliant with SARS and to have employees. To start the process, apply on this page below. You have to register your new security business as a company at the CIPC. The Private Security Industry Regulatory Authority (PSIRA) is the Governing Body and Regulatory Authority for the private security industry. By: Marilynn Leonard | Co-founder, FundingHub, a South African credit market place for SMEs. Here’s the difference between a B-BBEE Affidavit or B-BBEE Certificate and which one you’d need: You need to register for VAT at SARS. This implies your staff, your members, your director, your trustees, your managers and your partners. your annual turnover (sales) is MORE than R10 million. You will find this post helpful if you want to start a Cleaning Company from scratch, but also if you … There are two kinds of security companies, one that sells products and one that sells services or you can combine both. Browse Gumtree Free Online Classified to find professionals offering the services near you. Call us Toll Free on 0800 007 269 during office hours (free to dial from Cellphones and Landlines). Let’s look at some of the basics necessary to set up your own franchise home security business. This includes paying registration fees and writing an exam. Make sure that all the requirements such as licensing, infrastructure such as office, and other aspects are taken care of in advance. Choose a partner who has the attributes that you lack. PSiRA says the current training standards are old and outdated. Just remember to do your research and understand the PSIRA registration requirements before deciding if private security is your space. Additionally, five years of experience working as a supervisor for a security-related field or 10 years experience as a police officer is generally required. Work in a systematic way if you are thinking how to start a security company. Each sector falls under its own regulatory body. Let your partner control the selling side while you handle areas you’re strong in, such as expertise and service delivery. “The security industry in South Africa is very competitive. Also, if your payments are not up-to-date at the Workman’s Compensation Fund, your employees aren’t covered at all, making you fully financially responsible in the case of a work-related injury or accident. Expert tip: The list of PSIRA requirements is quite long. Please note that yearly payments are more effective than month-to-month payments because this gives you access to a Letter of Good Standing that’s valid for a year. After the review, one must prove that they do not have any criminal record. Apply on this page below or call us Toll Free for consultation. Security training company registration in South Africa. Find all relevant information, including: Registration Forms, Requirements, etc. Work with a distributor or even a manufacturer to find an appropriate system for your company. The most important thing is to figure out whether or not you should register for UIF, so the UIF Office can assist you with the contribution calculations. Qualifications for Working as a Security Officer Applicants generally have to be at least 25 years old. As mentioned in our expert tip, the fastest and easiest way may be to work through us. The Main Advantages of PSIRA Registration: You will become a registered Security Services Provider in South Africa. To start a security service company in South Africa you must register with the Private Security Regulatory Authority (PSIRA). We’ll go into more detail for each of these steps below: Expert tip: We can assist you with a FREE B-BBEE affidavit with any new company registration. You can simply fill out a free B-BEE Affidavit template accurately and then have it signed and stamped by an official Commissioner of Oath. In this article we show you what documents you need to register a legal Security Company in South Africa that’s specifically ready for Tenders, RFQ’s and Contracts. We also assist with PSIRA Grading for Individual Security Officers, if required. This implies that your personal finances and your business finances, risks and debt are one and the same. In this post, we’ll tell you exactly what kind of registrations, paperwork and administration you need to start your own Cleaning Company in South Africa.We’ll also show you how and where to get these legal documents as soon as possible with as little as possible work on your end. Save time by calling our Toll Free number below. You will have to pay a registration fee and complete an exam to determine your competence level. At least a B Security Grading (there’s also A, B, C and D security grades for all security providers) for: Security Officers need higher grading. We can assist – our Partner is fully accredited with both PSIRA and SASSETA and can provide all courses for you. A Letter of Good Standing is a letter issued by the Compensation Commissioner that states that you are registered with the Workman’s Compensation Fund and that all your payments are up to date. When a security system is purchased, an ongoing relationship is entered into between the purchaser and the security service company concerned. All-in-all joining organisations that relate to what you do within the security industry will increase the know-how of your industry, strengthening your business. However, you can also visit SARS’s website and work through the registration process by yourself. Phase #1 costs only R490 and will be completed in 48 hours.
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