1. Minimum Financial Investment Requirement
• The Department of Home Affairs requires a minimum investment of ZAR 5 million (as of current regulations).
• If the business is in a priority sector (e.g., manufacturing, agro-processing, green economy), you may apply for a waiver to reduce this amount to ZAR 2.5 million.
2. Time Frame for Making the Investment
The investment does not need to be made upfront before applying for the visa. Instead, the process works as follows:
a) Before Visa Application: Proof of Available Funds
• You must show proof that you have the required funds (ZAR 5 million or ZAR 2.5 million if waived) available in a bank account or through an approved financial instrument.
• This can be in the form of:
o Bank statements (personal or business account)
o A letter from a financial institution confirming access to funds
o A business plan with a clear budget allocation
b) After Visa Approval: Investment Period
• Once your Business Visa is approved, you will be given conditions to fulfill within a specific time frame.
• The standard period to make the full investment is usually within 2 years from the date of visa issuance.
• You must provide proof to the Department of Home Affairs that the funds have been transferred and invested into the South African business.
3. Breakdown of the Investment Process Over Time
Stage Time Frame Requirement
1. Visa Application Submission Day 1 Submit proof of available funds (not yet invested)
2. Visa Approval 4–12 months (processing time) Visa issued with investment condition
3. Investment Execution Within 24 months of visa approval Transfer and invest the full amount (ZAR 5m / ZAR 2.5m)
4. Proof of Investment Submission Before the 24-month deadline Submit bank statements, audited financials, or SARS documents
5. Compliance Check After submission DHA verifies investment before visa renewal
4. Acceptable Forms of Investment
The funds must be used for business purposes, such as:
• Purchasing equipment or property
• Paying salaries for South African employees
• Operational costs (rent, stock, marketing)
• Not acceptable: Personal expenses, buying a personal home, or passive investments like stocks.
5. Consequences of Not Meeting the Investment Deadline
• If you fail to invest the full amount within 2 years, your visa may be revoked.
• You must then leave South Africa or apply for a different visa.
6. Extensions & Waivers
• If you need more time, you can apply for an extension with a valid reason (e.g., delays in business registration).
• If investing in a priority sector, you can apply for a waiver to reduce the amount to ZAR 2.5 million.
7. Final Steps After Investment
• Once invested, you must:
o Submit proof (audited financials, bank statements, SARS documents).
o Maintain the business and employ at least 60% South Africans (another visa requirement).
o Renew the visa every 3–5 years based on compliance.
Conclusion
• Initial Proof: Show available funds at the time of application.
• Investment Period: 24 months after visa approval to fully invest.
• Compliance: Submit proof before the deadline to avoid visa cancellation.
Would you like assistance with the business plan or waiver application process?
How can we help you , please email us to info@samigration.com whatsapp message me on:
+27 82 373 8415, where are you now? check our website : www.samigration.com
How can we help you?
Please email us to info@samigration.com
Whatsapp message us on: +27 82 373 8415
Where are you now?
Check our website : www.samigration.com
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