You need to fulfill various requirements, such as:
- Your business must belong to a sector which is not declared ‘undesirable’
- You need to prove that you are able and willing to invest at least R5 million in the business
- You need at least 60% of your prospective employees to be employed in your business to be South African Citizens or PR holders
The proof of compliance to the above listed requirements will have to be submitted within 12 months of issuance of the business visa.
The application for a business visa is first processed by the DTI (Department of Trade and Industry) which will look at the business plan and other business documents and decide whether to recommend positively or negatively the business by issuing a “Letter of Recommendation” which will be communicated to Department of Home Affairs (DHA) or the South African Representation abroad. This is a very important step as the decision of the DTI will influence largely the final decision of the relevant authorities to issue the business visa or reject it.