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Compliance Gap Report
Generated 18 March 2026
You have no legal entity. No funder can process an application without a registered company.
Your COR14.3 is missing. This document is required at the first step of every application.
No Income Tax registration. SARS compliance is a hard requirement for all South African funders.
No registered representative appointed on SARS eFiling. This person is legally accountable for all company tax filings — without one, you cannot file returns or obtain a TCS/PIN.
Outstanding SARS returns detected. You cannot obtain a TCS/PIN until all returns are filed — this is a hard blocker.
No Tax Clearance Certificate in place. Non-negotiable — every South African funder requires it.
SARS debt not addressed. Unpaid debt results in non-compliant TCS status, blocking all applications.
No business bank account. Funders cannot disburse funds without one — this is fundamental.
Account ownership not confirmed. The bank account must match the exact registered company name.
No annual financial statements. Required for virtually all formal funding applications.
No BEE status confirmed. Required by NEF, IDC, SEFA and most government-linked funders.
No business plan. Non-negotiable for any DFI (SEFA, NEF, IDC) application.
FICA documents not prepared. Every single funder requires certified ID copies — no exceptions.
MOI not obtained. Most funders will request this during due diligence.
Trading name not registered. May cause inconsistencies during funder verification.
Director records not verified. Discrepancies will be flagged during funder due diligence.
VAT not registered. Consider voluntary registration — it signals operational credibility.
Employer registrations outstanding. Required if you have or intend to hire staff.
Provisional Tax not registered. Can result in penalties and affect your TCS status.
Bank statements not yet available. Most funders require 3–6 months of trading history.
Management accounts not current. Funders need to assess your current financial position, not just historical.
Asset register missing. Required for any asset-backed or equipment financing application.
Financial forecast not prepared. DFIs and most banks require a 3-year projection with assumptions.
Sector licences not confirmed. Operating without required licences is a red flag in due diligence.
Industry body registration outstanding. Strengthens your application and signals sector credibility.
COID registration outstanding. Mandatory for all employers — non-compliance is a liability risk.
Bargaining Council / SETA registration not confirmed. Required in regulated industries.
Employment contracts not in place. Required for growth-stage funding applications involving headcount.
Proof of address not available. Required for FICA compliance at all funders.
Shareholder agreement missing. Funders need to confirm ownership structure.
