How do I check my BEE certificate?
To view a company’s B-BBEE status, look no further than the B1SA B-BBEE Registry. It is a free central national source of the B-BBEE status for all entities. All companies that register with B1SA are allocated a Unique Reference Number (URN) and are assisted to submit their B-BBEE status to B1SA.
How much does BEE certificate cost?
CIPC B-BBEE certificates are free of charge. CIPC only provides B-BBEE certificates to Exempted Micro Enterprises; turnover of no more than R10 million. A certificate is only valid for a year and cannot be renewed. Once expired a new application must be filed.
How do you get a BEE certificate?
How do I get a CIPC BEE certificate?
- Generate a customer code. On the official website of the Companies and Intellectual Property Commission (CIPC), you will click on the “Customer Registration” button.
- Pay the required fee.
- Request for your certificate.
How do I get a BEE exemption certificate?
The enterprise needs to submit an auditor certificate, or one issued by a verification agency or accounting officer to obtain the BEE EME exempt certificate. You can complete an affidavit, which must be signed by a Commissioner of Oaths to serve as the certificate.
Where can I get a bee certificate online?
Customers can apply for a B-BBEE certificate on the eservices website, Bizportal or at the CIPC Self Service Terminal. For a business with a turnover of less than R10 million, a B-BBEE certificate is not required.
Is a BEE certificate compulsory?
ARTICLES. A B-BBEE certificate may not be the first thing on your business’s to-do list – and the good news is that it doesn’t have to be. However, while BEE compliance isn’t an obligation on your part, as a private business owner a valid B-BBEE certification could open up more opportunities for you.
How long does it take to get a B-BBEE certificate?
On average, this is no more than one to two months a company will be notified of the requirement of a specific BEE level for the required business transaction.
What are the benefits of BEE certificate?
One of the main benefits of having a B-BBEE certificate is that companies can conduct business with government sectors in South Africa, including municipalities, as well as public entities. The certificate allows the company to tender for contracts and increases the chances of winning the contract.
What is the purpose of a BEE certificate?
A BEE Certificate is the end product of the B-BBEE verification process listing all critical information such as name, address and registration details of the company assessed, as well as the category, sector code, element scores and points as per the company’s BEE scorecard, and the issue date of the certificate.
Who can issue B-BBEE certificates?
Professional accountants
Professional accountants or accounting officers may issue these certificates, but they must be sure that the enterprises qualify before doing so, to avoid falling foul of the codes and being seen as undermining the spirit of the BBBEE Act.
How long does a BEE certificate last?
for 1 year
A BEE certificate is valid for 1 year from date of issue, and can be re-evaluated at any time during that year to potentially achieve a better score. Certificates are only valid when issued by a SANAS accredited verification agency.
Is it law to have a BEE certificate?
B-BBEE compliance for companies is not a legislative requirement. Companies are not required to disclose their B-BBEE status or verify their status. It is seen as business requirement.
Who is exempt from BEE?
What the Codes Say about BEE Exemption? According to paragraph 4 of the Codes of Good Practice for Black Economic Empowerment : Any Enterprise with an annual Total Revenue of R10 million or less qualifies as an Exempt Micro-Enterprise.
Who must have a B-BBEE certificate?
Businesses with an annual turnover (sales) of more than R10 million and less than 51% black ownership, must consider obtaining a valid B-BBEE certificate while those who have more than 51% black ownership, and businesses with an annual turnover of less than R10 million could have a BEE affidavit that serves as their B- …
Why do I need B-BBEE certificate?
One of the biggest benefits of having a BBBEE certificate is being able to conduct business with government sectors (including municipalities) and public entities. A certificate allows a company to tender – and the higher the level of your certificate, the better your chances of winning.