South African business visas are issued to persons who wish to establish a new business in the country, or to invest in or take over an existing business. The main requirements are the following:

• Minimum Investment: Availability of R 2,5 million for investment into the book value of the business, OR, if investment is lower, a recommendation by the Department of Trade and Industry.
• Permanent employment of five South African citizens or permanent residents within a reasonable time frame.
• A comprehensive business plan showing the short and long-term viability of the business.

Two years after being granted a business visa, the holder is to submit to the Department proof that the above-listed requirements have been met, and every 2 years thereafter proof that the requirements are still being met.

In this context IMCOSA takes care of all required procedures and also offers services such as Company Registrations, drafting of Business Plans and obtaining the required Chartered Accountant Certificates.

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Permanent Residence Visa – Own Business

Persons who qualify for business visas may generally also obtain permanent residence. The respective requirements are more or less identical. The holder of a permanent residence visa based on business is required to maintain his/her business, investment and staff for at least 5 years after having obtained permanent residence.

We will gladly assist you in obtaining a relevant business permit and in getting your business started in South Africa. Contact us regarding any questions you may have.

IMCOSA Services - Overview

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