08/11/2022
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN SOUTH SUDAN 🇸🇸
• INTRODUCTION
Companies are not the only business organization in South Sudan. There are others like sole proprietorship and partnership, which are covered as business names under the Business Names Act,2008. Business name, also known as an enterprise.
A business name is a fastest and most convenient form of doing business by a sole proprietor or partnership in a more recognizable form. The registration of a business name can be done by a sole proprietor or partners.
The Law makes it mandatory for every firm, individual or corporation required to be registered within Twenty-Eight (28) days from the date of the commencement of the business for which registration is required.
It is important to note that the requirements for registration of an enterprise differ from that of a limited liability company, which has been fully explained here.
• PROCEDURE FOR THE REGISTRATION OF BUSINESS NAME IN SOUTH SUDAN.
The first important thing to do before proceeding with a registration of the business name is to gather the necessary requirements or documents to be used for the registration. The requirements for registration of business name are minimal and simply involve names and identification of the partners or proprietors of the business, where more than one person is to register the business name. The requirements may also include a partnership deed where necessary.
The procedure for how to register a business name in South Sudan or how to register a business enterprise in South Sudan includes few steps, which must be adhered to strictly in getting the desired results. These steps include:
STEP ONE
• First, an applicant should apply for availability check and reservation of the proposed business name through the Business Registry Portal.
• Applicant should now proceed to fill all necessary columns rightly in the Statutory Form and submit it appropriately. After the successful filling of the form, the applicant is to proceed with the payment of the necessary fees.
STEP TWO
Applicant must now submit the duly completed statutory form.
Below are the documents to be Submitted:
– Statutory Form
– Means of identification
– Payment Receipt.
Finally, after the registration of the business name, the following documents would be given back to the proprietors by the Business Registry office:
– Original Certificate of registration of the business name.
Meanwhile, a business name of more than one proprietor may choose to file a partnership deed with the Business Registry office after completing the registration process.
How long does it take to register a business name in South Sudan?
Business name registration is faster. If the applicant provides all the required information, it takes just within 48 hours to register a business name in South Sudan.
• CONCLUSION
Business name registration is indeed a convenient and fastest means of setting up a small business in South Sudan. The procedure for how to register a business name is less tasking compared to the procedure for a company registration in South Sudan. The advantages of registering a business name include simplicity in registration, and affordability, as there is no need to pay stamp duty.
It is however important for individuals registering a business name to be aware that registration of a business name does not entail a separate legal personality like a limited liability company, and any liability incurred in the cause of doing such business maybe personally extended to the owner or the proprietor of the business.
Finally, it worthy of note that a foreigner intending to participate in South Sudan business cannot do so through a registration of an enterprise, as foreign participation in South Sudan’s business entails different legal requirements, which does not give a room for a foreigner to use a business name as a mode of business set up in South Sudan.
By Legalline Law Chambers. Legalline Law Chambers is a Business Registry accredited agent, assisting individuals and entities for Enterprise and Company’s registration in South Sudan. The Firm can be contacted through the below contact details.
