Your expression of interest of a business visa has reference and we have
provided you with an overview of the basic requirements
A Business Visa is issued to foreign nationals wishing to invest in or
purchase a business in South Africa.
Investment in own Business, with or without a South African partner.
A business visa may be issued by the Department of Home Affairs to a
foreigner intending to establish or invest in a business in South Africa in
which he or she may be employed, and to members of such foreigners’ immediate
family providing that certain requirements have been met.
Although the Act calls for investment of R5,0 million in a business to
get both temporary and permanent business visa, you can get these visas with
less capital investment - sometimes for as low asR400,000 ($45,000 USD)
investment using our expert team at SA Migration Services.
Many businesses do not require a capital investment as large as R5
million and in certain cases, you are allowed to reduce this amount and commit
to a smaller investment if your business falls within the certain industries .
The following businesses to be in the national interest, and therefore
qualifying for reduction or waiver of the capitalisation requirements as
determined to be in the national interest in relation to a Business Visa:
• Agro-processing
• Business
Process Outsourcing and IT Enabled Services
• Capital /
Transport equipment, metals and electrical machinery and apparatus
• Electro
Technical
• Textile,
Clothing and Leather
• Pulp,
paper and Furniture
• Consumer
goods
•
Boatbuilding
•
Automotives and Components
• Green
Economy Industries – Power Generation / Renewable Energy
• Advanced
Manufacturing
• Tourism
infrastructure
• Chemicals,
plastic fabrication and pharmaceuticals
• Creative
and Design Industry
• Oil and
Gas
• Mineral beneficiation
•
Infrastructure Development
• ICT
- Information and communications technology
The Minister has declared any businesses in the following sector as
undesirable and will therefore not be considered under this category of Visa :
a) Businesses that
import second hand motor vehicles into the Republic of South Africa
or the purpose of exporting to other markets outside
the Republic of South Africa
b) The exotic
entertainment industry
c) Security Industry
SA Migration Services will professionally help to arrange your Business
Permits for you.
How to Qualify for a Business Visa in South Africa
How to Qualify for a Business Visa in South Africa
If you want to know how to qualify for a business visa in South
Africa, read our top 5 hints and tips below. If you prefer to speak to one
of our experts you can call us on any of the numbers above or request a call
back, or email us.
Our top 5 hints and tips on how to qualify for a business visa in South
Africa.
- The amount you
need to invest
A large part of how to qualify for a business visa in South Africa is
how much money you have to invest into your new South African business. A
minimum investment is required to be made into the business within a 2 year period
of time. Further the source of these funds must be from outside of South
Africa.
Whilst exemptions to this investment can be applied for they are granted
only rarely.
- How many jobs you
will create
South Africa courts foreign investment, from SME’s through to large
corporates. A large factor in it doing so is the creation of employment
opportunities for local South Africans. As such your application will be
scrutinised for the employment positions it creates.
60% of your employees need to be either South African citizens or
permanent residency holders.
- What sector your proposed business is in
Whilst courting foreign investment, regulations also pay attention to
attracting the right sort of businesses to South Africa. There are specific
sectors such as tourism and manufacturing that are deemed priority industries.
Speak to one of team about the industry sectors currently deemed a
priority.
- A business plan
Many see a business plan as a blueprint to the success of the business.
It is a direct reflection on the amount of research, innovation and thought
that has gone into planning the operation.
Further, the business plan will also identify the business’s chances of
succeeding and the applicant’s own business ability.
A comprehensive business plan which also highlights the applicant’s
ability to meet the business visa requirements is a must.
- Understanding the ongoing requirements
How to qualify for a business visa in South Africa is one thing; keeping
the visa is another, and often little or poor advice is given to this important
consideration.
Once the business visa is obtained there are ongoing requirements that
must be adhered to. Temporary residency holders are obliged to report back to
the Department of Home Affairs every 2 years, whilst permanent residency
holders must do similar 2 years after receiving permanent residency and 3 years
thereafter.
Know your future obligations and ensure you work with a company that is
committed to you over the term of such obligations.
Immigration to South Africa on a business visa
Immigration to South Africa on a business visa
One of the ways of obtaining residency in South Africa is via
Immigration to South Africa on a business visa. A business visa does not just
mean setting up a business, or buying into one in South Africa, but it also
means you wish to work within this business. Should you be wishing to invest,
but not wishing to work in the business please see information
here on the investors visa.
Below we give you ten need-to-know facts on Immigration to South Africa
on a business visa:
1. Who can apply for a business visa?
Immigration to South Africa on a business visa is for foreign
nationalities that are not married or in partnerships with either a South
African citizen or permanent residency holder.
Those in such a relationship need to apply for either a spousal visa or life
partner visa (depending upon their marital status) and obtain an
endorsement to this visa rather than a standalone business visa.
2. What residency can you obtain with Immigration to South Africa on a
business visa?
You would first apply for temporary residency (a business visa) which,
if granted, is normally for a period of not more than 3 years. Once temporary residency has been received you may
make an application for permanent residency
(a business permit).
3. Can my family also immigrate if I am granted this visa?
As with all visa in South Africa each applicant is granted a visa in
their own right. Your spouse or partner and any children of a non school age
would need to apply for accompanying visa and children in education would
require study visa.
4. What is the basic criteria for a business visa?
The Department of Home Affairs will require, amongst other items:
-
A comprehensive business plan;
-
An appropriative business structure;
-
Undertaking with regards to the
employment of South Africans;
-
An investment amount of not less
than 5 million rand originating from funds abroad;
5. Can I run more than one business?
Immigration to South Africa, on a business visa, is specific to a
particular business and does not entitle you to work within any other entity
other than the one specified on the application and subsequent visa. You can
however freely make investments into other businesses but not work in them.
6. I have seen reports that you can get exemptions from investing the R5
million rand; is this true?
The immigration act does allow for this, you can view more here on
business categories that may qualify for a waiver.
7. How many people must I commit to employing?
It is a requirement that 60% of your staff are South African citizens,
or Permanent residency holders.
8. In what format must the business plan be?
There is no specified format but business plans are central to
Immigration to South Africa on a business visa and as such must be
comprehensive. It should also be remembered that the business plan also needs
to be written in accordance with specific items that the Department of Home
Affairs will look out for in judging your application so it will vary from a
normal one.
9. Where should I make an application?
Legislation forbids any visa application that would result in a change
of status. As an example, entering South Africa on a tourist visa and then
applying whilst on this tourist visa for Immigration to South Africa on a
business visa, would not be allowed. Where a change of status does not apply
then the application can be made in South Africa.
Sa Migration International
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Tel No : +27 (0) 82 373 8415
Tel
No office : +27 (0) 82 373 8415 ( WhatsApp )
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No admin : +27 (0) 64 126 3073
Tel No sales : +27 (0) 74 0366127
Fax No : 086 579 0155
www.samigration.com