As a regular search term we have included a page on the entrepreneurs visa in South Africa. In South Africa an entrepreneurs visa is referred to as a business visa but you will see from the basic criteria below, and in the quick links to the left that the business visa will in most cases meet the needs of entrepreneurs seeking to establish a business in South Africa.
What Entrepreneurs need to be aware of as there is no Entrepreneurs visa in South Africa
- A business visa is issued against a specific business. This specific business is backed up with a comprehensive
business plan that outlines the activities that the entrepreneur will be undertaking. Therefore any business plan needs careful consideration to ensure it covers fully the activities the entrepreneur will be working in.
- As there is no Entrepreneurs visa in South Africa and a business visa must be obtained to enable the entrepreneur to enter, work and stay, it is worth pointing out that a visa is not required for investing in any business nor are there restrictions on foreign ownership. This means that the entrepreneur could enter South Africa on a business visa, work with the business specified under their visa, and still invest in other businesses where they are not employed.
What is a business visa
A business visa is in some ways similar to an Entrepreneurs visa in South Africa. It allows the holder to set-up, purchase or enter into a partnership in a South African business and also to work within it.
If the business visa holder has any family they may also enter and stay in South Africa on accompanying visa or in the case of minors of a study age – a study visa.
Temporary or permanent residency
Temporary residency must first be obtained and this is usually granted for a period of 2 -4 years. Once issued permanent residency can be applied for.
What’s the qualifying criteria?
Please use the links below to see more details on the qualifying criteria:
- 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;
- A completed application form either Form BI-1738 or Form BI-947;
- Written undertakings in respect of Revenue tax requirements;
- Medical and good standing report.
Whilst an Entrepreneurs visa in South Africa is not available, the doors are firmly open for business people and investors. Why not talk your requirements and situation through with one of our team and establish what your options are? Consultations are free and carry no obligation.
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.
Alternatively you can fill out the below online enquiry form to contact us.