General Information:
Want to Start your own business in South Africa. As a foreigner starting up a new business, the application process takes up to 8 months (from making the decision to receiving the permit). Generally speaking, it is advisable to apply while in South Africa rather than applying at an embassy (as embassies are more likely to turn down an application).
What has to be done:
- Registering the business with the South African Authorities (CIPRO)
- Accounting Officer for the business has to be appointed
- Drafting of the Business Plan
- Application has to be prepared
Immigration regulations dictate the following:
- Invest 2.5 Million Rand into the book value of the business after two years (foreign funds)
- Employ at least 5 South Africans after two years
- Register with the South African revenue Service
There are several business sectors in which the investment of 2.5 Million Rand can be waived.
They are as follows:
- Tourism
- Mining and Steel
- Transportation and Automotive
- Information and Communications Technologies
- Bio and Chemical Industries
- Arts and Crafts
- Textile Industry
Want to Start your own business in South Africa. As a foreigner starting up a new business, the application process takes up to 8 months (from making the decision to receiving the permit). Generally speaking, it is advisable to apply while in South Africa rather than applying at an embassy (as embassies are more likely to turn down an application).
What has to be done:
- Registering the business with the South African Authorities (CIPRO)
- Accounting Officer for the business has to be appointed
- Drafting of the Business Plan
- Application has to be prepared
Immigration regulations dictate the following:
- Invest 2.5 Million Rand into the book value of the business after two years (foreign funds)
- Employ at least 5 South Africans after two years
- Register with the South African revenue Service
There are several business sectors in which the investment of 2.5 Million Rand can be waived.
They are as follows:
- Tourism
- Mining and Steel
- Transportation and Automotive
- Information and Communications Technologies
- Bio and Chemical Industries
- Arts and Crafts
- Textile Industry
For more information please contact me
