If I register a domain through an ISP will I be the owner of the domain?

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When registering a domain through an ISP, you are the owner and you may transfer the domain to an ISP of your choice.

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Understanding the Domain Name System (DNS)
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What is the advantage of registering a .com domain name instead of .co.za?
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What is required for a domain to be transferred?
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How long does it take to transfer my domain?
Providing we get full co-operation from your current host the maximum period of a transfer is 7days.