A business visa allows a foreign national to establish a business in South Africa or to invest in an existing business in South Africa.
In order to qualify for this visa type, a foreign national must invest a prescribed amount of R5 million into an existing business or provide plans to establish a new business, along with evidence of the capital contribution of R5 million. The Department of Home Affairs may reduce or waiver the capital contribution should the business be of national interest or when requested by the Department of Trade and Industry to do so. Certain industries have been listed as qualifying for the waiver or reduction in this regard and on application.
A business visa can be issued for 3 to 5 years and the duration must be motivated in the application.
Unlike the general work visa and critical skills visa the intra company transfer visa will not assist you in acquiring permanent residency unless one can prove that the field in which you work falls within the critical skill category.
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