Privacy Policy

1. Introduction

WeBuyVatCompanies ("we", "us", "our") processes your personal information in strict compliance with the Protection of Personal Information Act, 4 of 2013 (POPIA). This policy outlines how we collect, store, and utilize data provided by company sellers.

2. Information We Collect

For company acquisition transactions, we collect:

• Full Name and Contact Information (Cell, Email)
• South African ID number or Passport details
• Company registration number and tax details
• SARS tax compliance pin

3. Detailed Purpose of Information Processing

We process the collected personal and corporate information for the following specific and lawful purposes:

• FICA Verification: To comply with the Financial Intelligence Centre Act (FICA) by confirming the identity of the current company directors and shareholders.
• Tax Auditing: To verify company standing directly with SARS, ensuring all returns (VAT, Corporate Income Tax, PAYE) are audited and no outstanding tax debts remain before acquisition.
• Legal Document Preparation: To prepare legally binding transfer agreements, including the CoR14.3 change of directorship documents and the indemnity agreements drafted by our corporate attorneys.
• Communication: To provide you with valuation updates, offers, and details regarding the transfer status.

4. Information Security and Safeguards

We implement comprehensive technical and organizational measures to keep your data secure under Section 19 of POPIA:

All scanned IDs, company documents, and tax details are stored in encrypted document stores. Access to this information is strictly limited to authorized transaction practitioners and compliance specialists. We perform regular audits on our database logs to prevent unauthorized access, alteration, or disclosure of your data.

5. Third-Party Sharing

We do not sell, rent, or trade your personal information. To complete the legal business transfer, we share relevant information only with official regulatory bodies and verified service providers including:

• The Companies and Intellectual Property Commission (CIPC) for processing directorship changes.
• The South African Revenue Service (SARS) to update public officer records and transfer tax numbers.
• Our legal advisors and corporate attorneys who prepare and verify transaction contracts.

6. Your Legal Rights Under POPIA

As a data subject in South Africa, you have the right to request access to the personal data we hold about you, request corrections or updates to inaccurate details, or object to processing where applicable. If you wish to exercise any of these rights, please contact our compliance desk directly at info@dailyprint.co.za.