Who is the visa for?
Foreigners who are seeking temporary or permanent residency in South Africa and wish to set up their own business. The business can be either a start-up, a partnership or a purchased company.
Eligibility Criteria
Along with all the normal eligibility criteria prospective applicants should be aware of:
- You need a capital equivalent or cash investment of at least ZAR 5 million into the business from abroad funds as well as the need for 60% of your staff to be South African citizens or permanent residents.
- Setting up a suitable company structure and a comprehensive business plan.
In terms of the financial requirement of ZAR 5 million, applications can for a relinquishment on this can be made by certain business categories.
Additional Information
10 Key service components for your business visa in South Africa
- Professional advice on the appropriate business structure;
- Registration of business name and the company;
- Creating an appropriate business plan;
- Recommendations for attorneys and accountants;
- Property search;
- Complete business visa application;
- Recommendation for marketing and employment;
- Banking setup;
- Introduction to South Africa’s main business and social network;
- Market research – taken on a case by case basis.
