Fintech Reduces Non-Compliance for South Africa SMEs

InfoDocs revolutionizes company secretarial services in South Africa by a simplified and cost-effective solution for companies to meet legal requirements. According to the Companies and Intellectual Property Commission [CIPC], a staggering 72% of the country’s 3.1 million companies fail to submit annual returns, exposing themselves to penalties, legal fees, and potential de-registration. InfoDocs fills this compliance gap with its proprietary software, enabling businesses to remain CIPC compliant from just R199 per year.

It provides an innovative approach to company secretarial services, catering to the needs of privately held companies. Directors and shareholders can effortlessly import CIPC data, create templates, and store company records securely using user-friendly software. The platform simplifies the administrative burdens associated with compliance, helping businesses meet their obligations effectively.

Joshua Alexandre CEO InfoDocs

South Africa has recently enacted new laws regarding beneficial ownership, prompted by the country’s grey-listing by the Financial Action Task Force [FATF]. InfoDocs offers an efficient solution, enabling companies to capture their share register and necessary changes free of charge. For a nominal fee, companies can submit this information securely, mitigating the risk of penalties, legal fees, and director liability.

Seamless Integration with the CIPC

InfoDocs works closely with the CIPC, supporting the commission in fulfilling its mandate. Over 30,000 companies currently utilize InfoDocs to submit annual returns, maintain statutory registers, and submit documents using high-quality templates. The software provides timely alerts and notifications for submission deadlines, empowering companies to meet their requirements promptly. Furthermore, the platform facilitates secure payments directly to the CIPC, streamlining the entire compliance process.

By simplifying company secretarial services, InfoDocs reduces administrative burdens, minimizes costs, and eliminates the risk of penalties and legal liabilities.

Related Posts