Beneficial Ownership Information Declaration (BOI)

Beneficial Ownership Declaration (BOI)

Save: R300

R550

Price Includes:

  • Submission of Beneficial Ownership Deceleration
  • Submission of Securities Register
  • Documentation and Fees
  • Turnaround Time: 1-7 Days
Please Note:
  • The first Beneficial Owner is included in the price as quoted above.
  • An additional fee of R100 shall be charged in addition to the quoted price for each addition Beneficial Owner.
Submit Now!

Why is a Beneficial Ownership Information Declaration Required?

The Beneficial Ownership Declaration became a legal requirement in South Africa on 1 April 2023, following amendments to the Companies Act, 2008, and the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022. 


Its primary purpose is to enhance corporate transparency, prevent financial crimes such as money laundering and fraud, and ensure compliance with international regulations. It is required both when registering a company and after incorporation to disclose individuals who ultimately own or control the company, even if they do not appear as official shareholders or directors. 


Companies must submit Beneficial Ownership Information (BOI) to the Companies and Intellectual Property Commission (CIPC) within 10 days of registration and update any changes to ensure ongoing compliance.


After the registration of a company, the CIPC requires that both a security register and a beneficial ownership register which will compile for you. All that is required from you is to complete the application which we will send to you, sign the mandate and provide us with your ID’s or passports in the case of foreigners. 


As soon as we received the signed documentation from you we will file the submission with the CIPC who will in turn issue a Beneficial Ownership filing certificate once they have checked and verified all the information provided.


In the event that your company has not issues shares certificates to the shareholders of the company you will be required to first issue a Shareholders Certificate in accordance with the Companies Act, 2008. Please click on the link below for more information.

What is Beneficial Ownership?

Beneficial ownership refers to the individual or entity that ultimately owns, controls, or benefits from a company or asset, even if it is legally registered under another name. These individuals exercise significant influence over the entity, whether directly or indirectly, and may not always be listed as official shareholders or directors. Beneficial ownership transparency is crucial for preventing fraud, money laundering, and illicit financial activities, which is why many jurisdictions, including South Africa, require companies to disclose their beneficial owners to regulatory authorities such as the CIPC.

Is there a limit to the number of Beneficial Owners?

No, there is no specific limit to the number of Beneficial Owners (BOs) a company or entity can have. A company can have multiple beneficial owners, depending on its ownership structure, shareholding, and control distribution. 

 

Key Considerations:

  • If multiple individuals own or control a company (e.g., through direct or indirect shareholding), they all need to be declared as Beneficial Owners.
  • A person is generally considered a Beneficial Owner if they hold 5% or more of a company’s shares, voting rights, or have significant influence/control over its decisions.
  • For trusts, multiple individuals (such as the founder, trustees, and beneficiaries) may be considered Beneficial Owners based on control and benefit.

Can a Trust or a Company be a Beneficial Owner?

A Trust or a Company can be listed as a legal owner of shares or assets, but they cannot be the ultimate Beneficial Owner (BO) in themselves. Instead, the Beneficial Owner must always be a natural person who ultimately controls, owns, or benefits from the trust or company.

  • Trusts: The trustees manage the trust, but the Beneficial Owners are typically the founder, trustees, and beneficiaries who have control or benefit from the trust assets.
  • Companies: If a company holds shares in another company, the Beneficial Owners are the individuals who ultimately control or own that company (e.g., shareholders with significant control).

Why Choose TrustNest Solutions ?

At TrustNest Solutions, we make company registration fast, hassle-free, and affordable so you can focus on growing your business. Unlike traditional service providers that charge excessive fees and take weeks to complete the process, we offer a seamless, efficient, and cost-effective registration service tailored to your needs.

 

 

Expertise You Can Trust

With years of experience in company formations and trust registrations, we ensure your business is set up legally and correctly from the start.

 

Speed & Efficiency 

Get your company registered within 24-hours not days or not weeks! We handle all paperwork and submissions on your behalf.

 

Transparent, Affordable Pricing 

No hidden fees. Get professional company registration at a fraction of the cost charged by attorneys or accountants.

 

End-to-End Business Solutions 

Beyond registration, we assist with SARS tax registration, VAT, B-BBEE, compliance, and more to ensure your company is fully operational.

 

Personalized Support 

Our team provides dedicated support, guiding you through the entire process with expert advice and step-by-step assistance.

 

 

Start your business the right way – register with TrustNest Solutions today and take the first step toward success!