Foreigners who are contemplating investing in the South African economy by establishing a business or by investing in an existing business in the country must apply for a business visa, if it is his or her intention to be employed in the business. As an applicant, you will be required to invest a prescribed financial capital contribution.
The capital requirements above may be reduced or waived in respect of the following types of industries/businesses:
- Information and Communication Technology
- Clothing and textile manufacturing
- Chemicals and bio-technology
- Agro processing
- Metals and minerals refinement
- Automotive manufacturing