Do you have experience running your own business? Would you like to create a business in South Africa? Are you interested in investing in a business in South Africa?
If you answered “yes” to these questions then it may be worth your while to find how to qualify for a business permit in South Africa.
Before we can discuss how you can qualify for a business permit in South Africa, it may be useful to understand who should be applying for a business visa.
Who should apply for a business visa?
A business visa in South Africa can be applied for by those seeking temporary and /or permanent residency in the Republic and wishing to set up and run their own business. The business can be a startup, a purchased company or a partnership.
How do I qualify for a business permit in South Africa?
There are certain hints and tips that we have found useful. In order to find out what these tips and tricks are, please read our article: How to qualify for a Business Visa in South Africa.
Is there any other additional information that I will need to know?
Yes – the process of applying and qualifying for this visa type can become very complex. In addition to meeting all the normal eligibility criteria, in addition you need to also need to be aware of the following:
- The need of a capital equivalent or cash investment of at least ZAR 5 million into the business via from funds from abroad; and the need for 60% of your workforce to be South African citizens or permanent residency holders; and
- The setting up of a suitable company structure and comprehensive business plan.
- In terms of the financial requirement of ZAR 5 million applications can for a waiver on this can be made by certain business categories.
Where do I proceed from here?
The very first step in the process is to accurately establish your eligibility. This will help you to determine right from the start if you qualify or not. Fortunately for you, we provide a free and non obligatory consultation so we may establish your eligibility and answer any questions you may have.
Getting help with your visa or permit application
We welcome the opportunity to consult with you as to your eligibility for a visa /permit and answer any questions you may have with no obligation.
You can take our free one minute assessment here or request a call back for more information. Or simply call us at +27 (0)21 424 2460. Alternatively you can fill out the below online enquiry form to contact us.