Qualifying for the South African Business Visa
The South African Business Visa is a necessary visa for investors that want to actively work in South Africa or having banking access to the business they invested in. The business visa permits you to establish or invest in a business in South Africa and can also allow you to apply for Permanent Residence in South Africa, should you choose.
To qualify for a business visa for South Africa, you need to either start a business or invest in an existing one. You cannot apply for a business visa solely because you own property in South Africa. Unlike investor visas in other countries, the South African business visa has specific requirements unique to the country.
In order to qualify for a business visa, you must fulfill two main criteria:
- Make a foreign direct investment of at least 5 million South African Rand.(aprox. $266,000.00 or €242,000.00)
- Ensure that 60 percent of your business’s employment is for South African citizens and permanent residency holders.
A South African Business Visa is issued in accordance with Section 15 of the South African Immigration Act.
A South African Business Visa covers a B2B, B2C, or partnership with a South African citizen.
Please note: Foreign business owners in South Africa must prove that they have a minimum of R5 million (ZAR) available for personal investment from abroad (or if already invested, proof that the funds were transferred from abroad must be provided)
A waiver to reduce this amount is presented in the below “Steps of Application”