The 48-Hour Sale: What to Expect

Hour 0: You Submit Your Details

You visit WeBuyVatCompanies and submit a form with your company registration number, VAT number, and contact details. Our system instantly registers your submission and assigns it to our compliance team.

What you need:

• CIPC registration number (e.g., 2015/123456/07)
• Company VAT number (if VAT registered)
• Your name and contact details
• Preferred contact method (phone or email)

Hour 2-4: Automated Verification Begins

Our systems immediately verify your company against CIPC and SARS records:

• Company existence check (CIPC database)
• Current registration status
• Director information verification
• Basic compliance flags

At this stage, approximately 30% of submissions are flagged for manual review due to compliance gaps.

Hour 4-8: Manual Compliance Review

Our compliance officer reviews your file:

• Pulls full CIPC extract
• Checks SARS Tax Compliance Pin
• Reviews filing history
• Identifies any red flags

If your company is clean, it moves immediately to valuation. If gaps are found, we contact you to discuss options.

Hour 8-12: Valuation & Offer

Based on:

• Company age (registration date)
• VAT status
• Compliance history
• Current market rates

Our valuation team produces a formal cash offer. You receive this via email with full breakdown.

Hour 12-24: You Accept & Documents Prepare

Once you confirm you want to sell, we immediately:

• Prepare CIPC transfer documents (CoR39 forms)
• Draft the legal indemnity agreement
• Prepare EFT payment instructions
• Schedule signing (typically via email or WhatsApp)

All documents are sent to you with full explanations. You have the right to have your attorney review them (at no cost to you).

Hour 24-36: Signing & Payment

This is the critical phase. Here's the exact sequence:

Hour 36-48: CIPC & SARS Filings

After payment clears to your account, we file:

• CoR39 directorship change forms with CIPC
• Updated director notification to SARS
• Address and contact changes
• All required SARS correspondence

CIPC typically processes these within 3–5 business days. SARS updates within 24 hours.

Post-Hour 48: Transfer Complete

Once CIPC processes the transfer, the company is officially in our name. You:

• ✓ Have received and cleared your cash
• ✓ Are protected by the legal indemnity agreement
• ✓ Have zero future liability for the company
• ✓ Receive confirmation email when CIPC transfer is complete

Why We're Actually Fast (And Others Aren't)

Traditional deregistration: 6–12 months, requires multiple CIPC submissions, SARS coordination, potential tax compliance delays.

Broker services: 2–4 months, longer waiting times for buyer matching, negotiation delays, buyer financing uncertainties.

WeBuyVat: 48 hours, we're the buyer (no waiting), automated CIPC/SARS processing, immediate payment.

What If There Are Delays?

Sometimes things take longer. Here's why and what we do:

• Compliance gaps: We contact you immediately to discuss fixes (typically adds 24–48 hours)
• CIPC delays: Government processing can vary (typically 3–5 business days post-filing)
• SARS issues: Rare, but if flags exist, we resolve them before payment
• Document signing delays: If you're slow to return signed documents, this extends timelines

Communication is key. We keep you updated every step of the way.