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How to file Beneficial Ownership Returns - step by step!

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  • Опубліковано 31 лип 2024
  • FREE TEMPLATES FOR BENEFICIAL OWNERSHIP SUBMISSIONS
    saaccountingsolutions.co.za/b...
    Process plus forms explained STEP BY STEP!
    Here is the link where you can download your Beneficial Ownership Forms for owner managed companies, including your Manadate to file, Beneficial Interest Register, Share Register and Disclosure - saaccountingsolutions.co.za/b...
    These forns are ideal for owner managed companies with one director and one shareholder, but you can adjust is for more shareholders.
    With South Africa being grey listed there are new mandatory requirements on all businesses to declare who the beneficial owners are in an attempt to stop money laundering, which is known as AML (anti money laundering) legislation, and the South African government started implementing the beneficial ownership submission as a way to get us out of the grey listing status.

КОМЕНТАРІ • 242

  • @SAAccountingNetwork
    @SAAccountingNetwork  10 місяців тому +18

    LINK TO THE PAGE WHERE YOU CAN DOWNLOAD THE FORMS ARE IN THE DESCRIPTION OF THE VIDEO - BLUE BUTTON WHICH SAYS " BO FORMS PTY"

    • @lordsphumlani1840
      @lordsphumlani1840 20 днів тому

      Please share the link so I can download the template off the document

    • @iqsaanbadroodeen3612
      @iqsaanbadroodeen3612 19 днів тому

      Share link

    • @nsukunukeri6077
      @nsukunukeri6077 9 днів тому +1

      Good evening.
      Can I please have the link for the BO forms PTY?

    • @khaukananimasindi6126
      @khaukananimasindi6126 8 днів тому

      I will wait with you ​@@nsukunukeri6077

    • @maletsielololo5531
      @maletsielololo5531 7 днів тому

      It's not possible at all to get these forms. They all want R500+ to assist you. Went to their offices, came back with no luck. As they're saying the law doesn't allow them to help us. How are we supposed to know which one is theirs?!!!!!! Am deeply frastrated.

  • @drakcoreoriginal
    @drakcoreoriginal 8 днів тому +5

    Thank you for this. CIPC is utter garbage. It was going in a infinite loop.

  • @mrb824
    @mrb824 28 днів тому +8

    This was a very very useful video, thank you so much for helping us small owners. There is no one who can explain how to do this as good as you do. Thank you!

  • @angelbelite
    @angelbelite День тому

    Heinrich, thank you so much for this incredibly helpful tutorial and doc templates. And the fact that you're doing this free of charge is really admirable. What a perfect example of human kindness. Thanks again.

  • @koketsomokwena6241
    @koketsomokwena6241 19 годин тому

    I couldn't file my returns due unfiled BO with your help I managed to file everything.
    Thank you very much Sir for the information.

  • @SuperStar-vb8fl
    @SuperStar-vb8fl 3 місяці тому

    You Sir just saved me some money! And I have a feeling you're gonna save me a lot more going forward. Thank you!!🙏🏽

  • @eugenestalmeester9664
    @eugenestalmeester9664 9 місяців тому +2

    Hi Heinrich, your info is always so helpful and practical! Saw a guy yesterday in a coffee shop and thought it was you. Almost went up to say hi

  • @lulusebola8090
    @lulusebola8090 6 місяців тому +3

    I just found this video. Thank you so much, I had no idea what exactly they needed.🙌🏾

  • @conradhughes7215
    @conradhughes7215 16 днів тому

    Thank you very much for this. The spreadsheet and step-by-step were hugely useful to me. Thanks again!

  • @jesstyrrell7736
    @jesstyrrell7736 2 місяці тому +3

    Thank you SO MUCH for this! It's so generous of you to share this information.

  • @leemordaniellombard7190
    @leemordaniellombard7190 2 місяці тому

    Thank you so much for this easy to follow video. It was a life saver!

  • @kingzala1
    @kingzala1 10 днів тому

    Thank you Meneer, much appreciated. You’re life…….. you deserve to be compensated.

  • @magendhrenponnan5955
    @magendhrenponnan5955 7 місяців тому +2

    Thanks

  • @dannyschaffer4435
    @dannyschaffer4435 10 місяців тому +1

    Amazing! Thanks so much Heinrich

  • @user-fs9vy4ol9j
    @user-fs9vy4ol9j 6 місяців тому +1

    Hi Heinrich, thank you for the detailed information regarding the BO, this was extremely help full

  • @victordladla5637
    @victordladla5637 2 місяці тому

    Big Thanks for the video, I followed your steps and successfully completed my beneficial ownership document. I contacted a company charged me alot of money, thank GOD i came across your video...hopefully as time goes and people become aware of beneficial ownership this video will make you more money!

  • @MtshanaKamtsheyks
    @MtshanaKamtsheyks Місяць тому

    It felt like you held my hand every second, thank you so much, I'm definitely subscribing to your chanel. May the forces that move this universe be with you always🙏

  • @dumisani4689
    @dumisani4689 8 днів тому

    Thank you very much Sir. We appreciate your transparency, honesty and above all, your dedication.

  • @queenamoraea1551
    @queenamoraea1551 2 місяці тому

    Thanks so much for all the helpful information and templates!

  • @leonjohnson2422
    @leonjohnson2422 29 днів тому +1

    At 73 years I am lost with all the changes that are taking place. Your video was great and gave me much hope for surviving the future quest to submit BO for SME. Thank you I will definitely subscribe

  • @bradleythirumurthi
    @bradleythirumurthi 20 днів тому

    Thank you for the assist. The template was a huge help to a lost soul.

  • @OryxPropertyManagement
    @OryxPropertyManagement 5 місяців тому

    This has been incredibly helpful, thank you!

  • @unmaskingthetruth6046
    @unmaskingthetruth6046 2 дні тому

    Thank you Sir, you are a Life Saver🤝

  • @elmagic9718
    @elmagic9718 13 днів тому

    Thank you my Good Sir.This really came handy,I was so frustrated since this has lead to my small company not being compliant.Dankie🙏

  • @moshiawaraphala
    @moshiawaraphala 24 дні тому

    Thank you so much, this has been incredibly helpful. Thank you again

  • @digitalorbitsa
    @digitalorbitsa 10 днів тому

    Thank you for making business administration easy for us.

  • @kamogeloseekoei1640
    @kamogeloseekoei1640 24 дні тому

    Thank you for assisting us.

  • @ntombifuthizondi
    @ntombifuthizondi 7 днів тому

    I Can't thank you enough for this video, new subbie 🙏

  • @marcusquist3914
    @marcusquist3914 2 місяці тому

    Meneer, sonder mense soos jy, sal ons jong mense nooit kan begin nie! Baie dankie

  • @prophetzimasangondekaempow3739

    Super valuable -Thank you so much Sir. may more be added to you.Incredible

  • @Amtsi
    @Amtsi 2 місяці тому

    Thank you very much. I struggled but managed to submit my BO.

  • @velamwandla6437
    @velamwandla6437 21 день тому +1

    Wow you’ve just made my life so easy this was very frustrating

  • @Morgenj
    @Morgenj 11 місяців тому

    Thank you Heinrich

  • @sachacarikas3850
    @sachacarikas3850 9 днів тому

    A very big thank you, this is a great help!

  • @teboholephoto1140
    @teboholephoto1140 21 день тому

    Best explanation, specially on documents needed.

  • @emanuelmaluleke3104
    @emanuelmaluleke3104 14 днів тому

    Thank you very much Sir for this information. It has been very much helpful🙏🏾

  • @kerooshanpather-mc8rm
    @kerooshanpather-mc8rm 19 днів тому +1

    Thank you this video it was very educational for us small business building a future. We look forward to more useful content ❤bless you.

  • @katlithelatestarter6203
    @katlithelatestarter6203 День тому

    Sho this was extremely helpful. Thank you so so much for the help and the template

  • @BongiweMthembu-u4o
    @BongiweMthembu-u4o 27 днів тому

    Thank you for your support, you are very kind

  • @tarynlegrange4502
    @tarynlegrange4502 10 місяців тому

    Thanks so much this so helpful

  • @GlobalHustlersAssociatio-oy7sh
    @GlobalHustlersAssociatio-oy7sh 27 днів тому

    Thank you very much for the video. So helpful.
    God Bless❤🙏

  • @artsyasrtsy1
    @artsyasrtsy1 2 місяці тому

    Thank you. Such a helpful video!

  • @TheAtheriel
    @TheAtheriel 4 місяці тому +1

    Thank you so much for this! New subscriber to your channel 😁

  • @kusasalethu
    @kusasalethu Годину тому

    this was so helpful, thank you

  • @janvanderschyff9374
    @janvanderschyff9374 7 місяців тому +1

    Thanks!

  • @shaunlangton3139
    @shaunlangton3139 3 місяці тому

    Very helpful and easy to follow Thanks

  • @Bongz187
    @Bongz187 15 днів тому

    Thank you, really appreciate the video and helped me a lot liked and subscribed

  • @boemthethwa3969
    @boemthethwa3969 2 місяці тому

    Thank you Sir. This was so helpful.

  • @OscarMothupi
    @OscarMothupi 4 місяці тому

    Thank you for the info and templates🎉

  • @adeysalvado9509
    @adeysalvado9509 10 днів тому

    Thank you so much for making my life easier 🙂

  • @fellamoglobal8347
    @fellamoglobal8347 8 днів тому

    Well explained. Thank you so much Sir

  • @raykutu
    @raykutu 28 днів тому

    Very helpful tutorial. Thank you very much

  • @nqobilemkhwanazi3610
    @nqobilemkhwanazi3610 11 днів тому

    Thank you very much, this was helpful

  • @thulanigotse1462
    @thulanigotse1462 3 місяці тому

    Thank you very much this was very useful.

  • @louannebriedenhann1226
    @louannebriedenhann1226 23 дні тому

    This was so helpful thank you!

  • @MakateRapulana
    @MakateRapulana 12 днів тому

    Thank you very much.. once I grow I will use your services

    • @SAAccountingNetwork
      @SAAccountingNetwork  12 днів тому

      Glad you found it helpful!

    • @MakateRapulana
      @MakateRapulana 12 днів тому

      @@SAAccountingNetwork I am a consultant based in the township, my clients are mostly struggling startups unable to afford mainstream professional services. I been looking for this BO template for some time and no one is sharing, one insider at cipc asked for a hefty sum to send me one so I am very grateful that you shared this for free.

  • @AerialKingyaSemoya1856
    @AerialKingyaSemoya1856 2 місяці тому

    Really informative. Thank you

  • @keniza999
    @keniza999 15 днів тому +2

    Thank you so much bro!

  • @marcobrazao851
    @marcobrazao851 26 днів тому

    Thanks for this, Very Helpful

  • @jeffreymagongoe8883
    @jeffreymagongoe8883 23 дні тому

    Thanks for the BO template and the video

  • @johannivictor7163
    @johannivictor7163 9 місяців тому

    Good day. With regarding to the share register, company is newly registered last year and according to me there is no shares issued with certificate number, How do I complete the share register part?

  • @Body_in_Essence
    @Body_in_Essence 2 місяці тому

    Thank you very much

  • @TheSixcity
    @TheSixcity 2 місяці тому

    You have just made my life easy, I have just finished filling BO for my company myself after watching this video. Someone charged me R1,599 to do it for. Thank you

    • @SAAccountingNetwork
      @SAAccountingNetwork  2 місяці тому

      It is a very time consuming process for accountants to do, and time is the commodity we trade with, hence the fees. Glad I could help🙏

    • @kwazipretty77
      @kwazipretty77 29 днів тому

      Help me please 😭😭

  • @mduduzivilakazi1162
    @mduduzivilakazi1162 17 днів тому

    helpful video. Thank you

  • @giftskhosana-v8g
    @giftskhosana-v8g 6 днів тому

    Thanks👌

  • @ritaadshade4403
    @ritaadshade4403 13 днів тому

    thank you for the step by step help - it really was very helpful. I have a question though, on the Mandate, if I am doing my own submission what do I put on the Mandate?

  • @user-se2yr6pt2s
    @user-se2yr6pt2s 3 місяці тому

    Thank you for your content, very informative and helpful. Who should sign as a company secretary if there is more than one director?

  • @NthatengMokapela-lb5vb
    @NthatengMokapela-lb5vb 12 днів тому

    More Blessings to you sir. Thank you so much. Can I ask... there are two directors on my company so do I put both their information from the first page?

  • @AndriesVINK-nx2fb
    @AndriesVINK-nx2fb 6 місяців тому

    Grazie.

  • @lethabomabala1266
    @lethabomabala1266 18 днів тому

    Thanks very much Heinrich this helped a bunch... do I use the same template if i have more than one director in my PTY but the other directors own less than 5% of the business per director?
    Also can I declare myself alone if the other directors are non-executive and they own less than 5% of the business per director?
    Thanks in advance for your assistance.

    • @SAAccountingNetwork
      @SAAccountingNetwork  8 днів тому

      Yes if they own less that 5% then no need to disclose as a beneficial owner, but they must be listed on the share register

  • @smartcapitalfx1408
    @smartcapitalfx1408 19 днів тому

    Thank you so much Sir for blessing us with a very strong video. Can you help me with a Video on how to do remission of Sars penalties.

  • @shadechelseakippie2801
    @shadechelseakippie2801 22 дні тому

    hi there!
    thank you for the helpful video
    I do have a question, how would one go about filing the Beneficial Ownership for a Trust?

    • @SAAccountingNetwork
      @SAAccountingNetwork  21 день тому

      I know it’s a different process, but I dont work with trusts, sorry🙏

  • @gurshonmatroos9373
    @gurshonmatroos9373 10 місяців тому +1

    Dear Heinrich, is the filing process to follow a similar method for non-profits or is it more complex, since there is no shareholding?

  • @Bunduzet
    @Bunduzet 10 місяців тому +1

    Could you quote us to help us review a complex structure? i want to make sure my maths is correct, to work out all the way up to 5% ownership. We have complex UBOs, some listed in Sweden 😭 many CAs in my company but we are lost

    • @SAAccountingNetwork
      @SAAccountingNetwork  10 місяців тому

      Hi there, I can get you in touch with the right people, send me an email at heinrich@sataxreturns.co.za

  • @londaniofficial
    @londaniofficial 8 днів тому

    Good day, thank you for such a very informative video !
    Could you please explain the Share Register section.

    • @SAAccountingNetwork
      @SAAccountingNetwork  8 днів тому

      Use what is on the template, its the register of the shareholders

    • @mokatemoreki8620
      @mokatemoreki8620 6 днів тому

      @@SAAccountingNetwork I am also kind of stuck on that share register, i see that you have 001 as the register number, as well as R100 as the amount paid, as well as Class A as the typye of shares. I have looked over and over through my documents(Cipic Comp Reg papers), i do not see the the share reg number. Can i assume to use those defaulted by the template?

  • @BusiMalinga
    @BusiMalinga 21 день тому

    Hi Mr Heinrich. I just wanted to ask when filling the Owner Beneficial forms, if my company is on re-instate process, there is somewhere I must select if the company is active or not. Which one do I choose. Y or N.

  • @kylet9487
    @kylet9487 9 днів тому

    @SSAccountingNetwork Thank you for the informative video. Can you please help. At the moment, I am stuck at the 'share register'. Is it mandatory for a Private Company to have shares (share register) ? I've registered a company but it has been dorment. I have not registered any shares on the cipc, 'Authorised share changes'. If I register shares, must it be at the 'Authorised share changes' on the CIPC website?

  • @FutureLines_sa
    @FutureLines_sa 14 днів тому +1

    powerful

  • @dhufkie187
    @dhufkie187 2 місяці тому

    Good Day. Thank you so much for the video. I found it very helpful.
    I have a bit of a problem, the OTP at the end is sending to a number that is blocked at the moment. Is there any way of correcting this

  • @kopanomatlala7217
    @kopanomatlala7217 14 днів тому

    Hi Heinrich, this was super helpful
    I have done everything up until the last point when it needs to send the OTP and email. Those details are not mine, how do I change them so that it sends them directly to me?

  • @leandawhittington7239
    @leandawhittington7239 5 місяців тому

    Many thanks for sharing the information needed to accomplish this task. I had no idea where to begin but now I understand what to do and how to set about it....Leanda
    Leanda

  • @jadestarcrochet
    @jadestarcrochet 6 місяців тому +8

    Hi there. I just registered a company a few days ago and the CIPC welcome letter says i must file beneficial owmership within 10 days of registration. Do i use these same documents to upload? I am the sole director. Ps: why did you choose Non-affected company with BO on the dropdown list and not Affected company? I am so confused.😢

    • @asouthafricanindian9258
      @asouthafricanindian9258 20 днів тому

      I am having the same issue

    • @jamesblood7073
      @jamesblood7073 10 днів тому +1

      Hi Heinrich, I am having the same confusion, as I also have a CC, with me as the only Member. Could you possibly guide us on this one, as to which selection to make: AFFECTED COMPANY or NON AFFECTED COMPANY WITH NO BENEFICIAL OWNERSHIP TO DECLARE, or NON AFFECTED COMPANY WITH BENEFICIAL OWNERSHIP? you used NON AFFECTED COMPANY WITH BENEFICIAL OWNERSHIP, but I don't understand why. All the best. J

  • @BlaqJuiceSports
    @BlaqJuiceSports 2 місяці тому +4

    Much apprciated for this video.
    To everyone else that found value in this video, but is not in a position to make a small donation, please LIKE this vid. I know it helps this channel

  • @user-gq3hw6ng7w
    @user-gq3hw6ng7w 6 місяців тому

    Hi what do i fill in by amount paid in the share register? And what is my certificate number?

  • @coeniejvr
    @coeniejvr 11 місяців тому

    your video is a day late, i was looking for something like this, i used ai to help me. My accountant wanted to charge me R2000 to file the Beneficial Ownership

    • @SAAccountingNetwork
      @SAAccountingNetwork  11 місяців тому +1

      This is completely new to all of us and extremely time consuming, hence the fees! The commodity we trade with is our time. But it can be done by small business owners🙏

    • @coeniejvr
      @coeniejvr 11 місяців тому

      @@SAAccountingNetwork yes, i had no idea how it looked of most of the things, thanks to ai it gave me templates to work on. To be honest i don't think they are going to inspect the documents as they just want to know who the owners is. Will see. But yours is similar toi mine

  • @ezozoconnexion8407
    @ezozoconnexion8407 7 днів тому

    This is so helpful. I just need assistance with the share register. Where do I get the certificate number or do I just leave it as 001?

  • @keenanstorm4855
    @keenanstorm4855 Місяць тому

    Hi, if I just registered my business and I am the only director, do I need to fill in the share register or can I leave it blank? Thank you

  • @JimmyKlaasen-dr7oy
    @JimmyKlaasen-dr7oy 23 дні тому

    hey how do i upload the documents on cipc

  • @blontostart
    @blontostart 7 днів тому

    "Couldn't load plug-in." cannot download/view templates

    • @SAAccountingNetwork
      @SAAccountingNetwork  7 днів тому

      That’s odd, I checked now, it’s working on my side, perhaps try a different browser

  • @AidaDias-OBM
    @AidaDias-OBM 6 днів тому

    I am struggling with A deceased Director, Please help us with a video as to how to handle these types of situations. So we add the Executor, how do we make other director sole shareholder

  • @nandicanning184
    @nandicanning184 4 місяці тому

    Must the ID copy be certified?

    • @SAAccountingNetwork
      @SAAccountingNetwork  4 місяці тому

      Preferrably yes, but they dont check it at the time of submission

  • @natalienaidoo8285
    @natalienaidoo8285 19 днів тому

    where do i find a share certificate number? Thanks

  • @vuyokazitontsi1881
    @vuyokazitontsi1881 Місяць тому

    Good morning where do i get the securities register

  • @owamimalondoloza2601
    @owamimalondoloza2601 13 днів тому

    What is the mandate documents?

  • @techiq7389
    @techiq7389 2 місяці тому

    Hoe kan ek Mnr kontak? Ek soek n boekhouer vir my besigheid

  • @user-ff1xl5ul1w
    @user-ff1xl5ul1w День тому

    good day please send me the link im struggling

  • @nxumalosl
    @nxumalosl 29 днів тому

    Thank you very much Heinrich. You've cured my headache with BO. This is very helpful. (If you are in a position to donate please like and subcribe)

  • @buntungqokoma8951
    @buntungqokoma8951 23 дні тому

    ENKOSI KAKHULU

  • @virginiakruger5405
    @virginiakruger5405 28 днів тому +1

    Thank you, thank you someone wanted to charge R550 to this I am very grateful; having a small business and barely making any money and finding your page was God sent. Thank you so much.I followed the steps with you and had success. May God bless and expand your business❤

    • @SAAccountingNetwork
      @SAAccountingNetwork  27 днів тому +2

      Glad I could help. Accountants commodity they trade with is time, that guy is still cheap, we charge about three times that amount if we do it for someone.

    • @nomusandlovu8370
      @nomusandlovu8370 15 днів тому

      You pay for knowledge in this world

  • @MsMousy82
    @MsMousy82 9 місяців тому

    Thanks for the video so helpful really! 🙏 I have a quick question for you though. Do you know ‘B2Bhint’ they are an online company that has access to the information we provide CIPC and publicly shares that information online. My question is: is this legal? While I have nothing to hide, I do am not happy that my information has been shared with some third party agency did I perhaps consent to this unknowingly? they do not respond to any of my emails or other contact methods I have tried to reach out to them with. Can you share some light on this?