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AFFIDAVIT BB BEE EXEMPTED MICRO ENTERPRISE Financial Sector I, the undersigned, Full name & Surname Identity number Hereby declare under oath as follows: 1. The contents of this statement are to the
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How to fill out sworn affidavitb-bbee exempted micro

01
To fill out a sworn affidavit for a B-BBEE (Broad-Based Black Economic Empowerment) exempted micro, follow these steps:
02
Start by writing the name of the individual or company filling out the affidavit as the affiant.
03
Clearly state the purpose of the affidavit, which is to declare that the affiant qualifies as a B-BBEE exempted micro.
04
Provide relevant personal or company information, such as name, contact details, and registration number.
05
Include any supporting documentation or evidence that proves the B-BBEE exempted micro status.
06
Sign and date the affidavit in the presence of a commissioner of oaths or another authorized person.
07
Make copies of the completed affidavit for record-keeping purposes.
08
Please note that the specific requirements for a sworn affidavit for B-BBEE exempted micros may vary depending on the relevant legislation and regulations. It is advisable to consult with legal professionals or industry experts to ensure compliance with current laws and guidelines.

Who needs sworn affidavitb-bbee exempted micro?

01
Sworn affidavits for B-BBEE exempted micros are usually needed by individuals or companies that meet certain criteria to qualify for the exemption. Generally, small enterprises or micro-businesses that have an annual total revenue below a specified threshold may be eligible for the B-BBEE exempted micro status. However, the exact qualifications and requirements can vary based on the relevant laws and regulations governing B-BBEE in a particular jurisdiction. It is recommended to consult with legal experts, business advisors, or government authorities to determine if a sworn affidavit is required and whether an individual or company meets the criteria for being a B-BBEE exempted micro.
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A sworn affidavit BBBEE exempted micro is a legal document that certifies the status of a business as a micro-enterprise that is exempt from certain BBBEE requirements, confirming its annual turnover and compliance.
Micro-enterprises with an annual turnover of less than a specified threshold, typically around R10 million, are required to file a sworn affidavit to affirm their exempt status.
To fill out the sworn affidavit, the business owner must provide accurate details about the business, including its registration number, turnover amount, and relevant certifications, and sign the document in the presence of a commissioner of oaths.
The purpose of the sworn affidavit is to allow qualifying micro-enterprises to affirm their status as exempt from certain BBBEE compliance requirements and to facilitate their participation in government contracts and business opportunities.
The affidavit must include the business name, registration number, turnover amount, the number of employees, and a declaration of compliance with BBBEE principles.
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