ZA Sworn Affidavit - B-BBEE Exempted Micro Enterprise 2015 free printable template

AFFIDAVIT BB BEE EXEMPTED MICRO ENTERPRISE I, the undersigned, Full name & Surname Identity number Hereby declare under oath as follows: 1. The contents of this statement are to the best of my knowledge

How to fill out ZA Sworn Affidavit - B-BBEE Exempted

How to fill out ZA Sworn Affidavit - B-BBEE Exempted Micro

1. Begin by downloading the ZA Sworn Affidavit - B-BBEE Exempted Micro template from a reliable source.
2. Enter your personal information including name, ID number, and contact details.
3. Indicate your business details such as name, registration number, and physical address.
4. Make a declaration regarding your annual turnover and the fact that your business qualifies as an exempted micro enterprise (EME).
5. Provide information regarding ownership, including details about black ownership if applicable.
6. Sign and date the affidavit in the presence of a commissioner of oaths.
7. Make sure to keep a copy of the signed affidavit for your records.

Who needs ZA Sworn Affidavit - B-BBEE Exempted Micro?

1. Small businesses with an annual turnover of R10 million or less.
2. Businesses that want to qualify for B-BBEE recognition without complex compliance requirements.
3. Entrepreneurs looking to participate in government tenders that require a B-BBEE certificate.
4. Exempted Micro Enterprises (EMEs) seeking to enhance their credibility with clients or partners.

People Also Ask about

How long does it take to get a bee certificate?

Your BEE Certificate(Affidavit) is available immediately to be printed out if your payment has been settled. It expires in exactly twelve months from date of payment to Swiftreg.

What is the purpose of a B-BBEE certificate?

Broad-Based Black Economic Empowerment(B-BBEE) is a Government policy to advance economic transformation and enhance the economic participation of Black people.

How long does it take to get a B-BBEE certificate?

The verification agency then verifies these documents and calculations and conduct on-site interviews to verify the required information. This is the reason why they have set out a clear timeline that this verification process will take between four to eight (4 -8) weeks. How can we speed up the process?

What is a bee affidavit?

A BEE Affidavit is a declaration that states what the measure of black ownership in your company is. It's officiated by the signature of a Commissioner of Oath or by the CIPC.

How much is the bee certificate?

CIPC B-BBEE certificates are free of charge. CIPC only provides B-BBEE certificates to Exempted Micro Enterprises in terms of the Amended Codes of Good Practice, issued in terms of Section 9 of the Broad-Based Black Economic Empowerment Act 53 of 2003 as amended; turnover of no more than R10 million.

How much does it cost to get a bee certificate?

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.

Who needs AB Bbee certificate?

Do small businesses require a B-BBEE certificate? Yes, you need BEE verification to do business with government and corporates because they, in turn, have to be compliant with BEE in their supply chain.

How do I know if a company is B-BBEE compliant?

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.

Is BEE compliance compulsory in South Africa?

First, if you want to do any business with a government department, government-owned enterprise, or alike, you will need to be compliant. This is because the government will not work with any non-compliant businesses.

What happens if you are not bee compliant?

If you do not have a good BEE rating, they (your client) will not be scoring as high on their procurement element scorecard, and subsequently, they might decide to replace you with an alternative supplier.

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What is ZA Sworn Affidavit - B-BBEE Exempted Micro?

The ZA Sworn Affidavit - B-BBEE Exempted Micro is a legal document used in South Africa which certifies that a business qualifies as an Exempted Micro Enterprise (EME) under the Broad-Based Black Economic Empowerment (B-BBEE) Act. Such enterprises are usually small businesses with an annual turnover below a specified threshold.

Who is required to file ZA Sworn Affidavit - B-BBEE Exempted Micro?

Exempted Micro Enterprises (EMEs), which are defined as businesses with an annual turnover below the designated threshold set by the B-BBEE Codes of Good Practice, are required to file the ZA Sworn Affidavit.

How to fill out ZA Sworn Affidavit - B-BBEE Exempted Micro?

To fill out the ZA Sworn Affidavit, a business owner must provide details such as the name of the enterprise, the nature of the business, the annual turnover, and the declaration that the information provided is true and correct. The affidavit must be signed in the presence of a commissioner of oaths.

What is the purpose of ZA Sworn Affidavit - B-BBEE Exempted Micro?

The purpose of the ZA Sworn Affidavit is to provide a formal and legal declaration that a business meets the criteria for being classified as an Exempted Micro Enterprise, thereby allowing it to access B-BBEE benefits without the need for a formal B-BBEE certificate.

What information must be reported on ZA Sworn Affidavit - B-BBEE Exempted Micro?

The information that must be reported on the ZA Sworn Affidavit includes the name of the enterprise, the physical and postal addresses, the names of the owners, annual turnover figures, the nature of business activities, and a declaration of accuracy of the information.