South Africa is known for its thriving economy and huge business market. Many people turn to South Africa to establish companies, expand existing businesses, or explore trade prospects. To do this, obtaining a South Africa business visa is the first step.

This guide walks you through the eligibility criteria, the application process, and how Grey can simplify financial transactions for business owners.

Who needs a South Africa business visa?

A South Africa business visa is required for foreign nationals looking to start or invest in a business. This visa allows individuals to reside in South Africa while actively participating in business operations. It is typically valid for up to three years and can be renewed.

Also read: How to get an instant USD debit card in South Africa

Eligibility requirements for a South Africa business visa

To qualify for a South Africa business visa, applicants must meet specific requirements set by the Department of Home Affairs:

• Minimum investment requirement: A capital investment of at least ZAR 5 million into the business.
• Business plan: A detailed business plan outlining the viability and sustainability of the venture.
• Job creation: The business must create employment opportunities for South African citizens or permanent residents.
• Company registration: Proof of registration with the Companies and Intellectual Property Commission (CIPC).
• Tax clearance certificate: A valid tax clearance certificate from the South African Revenue Service (SARS).
• Medical and radiological reports: Applicants must submit a medical certificate and radiological report.
• Police clearance certificate: A police clearance certificate from each country the applicant has resided in for more than 12 months over the past five years.
• Letter from the Department of Trade, Industry and Competition (DTIC): This letter confirms that the business aligns with South Africa’s national interest.

Also read: How to receive payments from Guru in South Africa in 2025

Step-by-step application process

1. Gather required documents

Ensure you have all the necessary documentation. This includes:

• Passport (valid for at least 30 days after intended departure)
• Completed DHA-1738 application form
• Business plan
• Proof of investment
• Tax clearance certificate
• Proof of company registration
• Medical and police clearance reports
• Letter from the DTIC

2. Submit your application

Applications must be submitted at your home country’s nearest South African embassy or consulate. Applications may also be processed through Visa Facilitation Centres (VFS).

3. Pay the application fee

Fees vary based on nationality and processing centre. Ensure you confirm the latest fee structure before submitting your application.

4. Attend an interview (if required)

Some applicants may be required to attend an interview at the South African consulate.

5. Wait for processing

The processing time for a business visa can take between 8 to 12 weeks, depending on the completeness of the application and additional requirements.

6. Receive your visa and start your business

Once approved, you will receive your visa and can travel to South Africa to begin business operations.

Also read: Grey vs. local banks: The best currency exchange option in South Africa

How Grey simplifies business transactions in South Africa

Expanding a business in a foreign country can be challenging financially. Managing international transactions, currency exchange, and cross-border payments is a lot. Grey, however, provides seamless financial solutions for business owners in South Africa.

Why should you use Grey as a business owner in South Africa?

• Multi-currency accounts: Receive payments in USD, GBP, EUR, and ZAR without restrictions.
• Low fees: Save money with transparent and affordable transaction fees.
• Seamless integration: Connect Grey with your business accounts for easy transfers.
• Competitive exchange rates: Convert currencies at the best market rates.

How to get started with Grey

1. Sign up for a Grey account

Visit the Grey website or download the mobile app to create an account.

2. Complete verification

Submit your ID, proof of address, and a selfie for security verification.

Also read: Top reasons your KYC verification is failing and how to fix them

3. Open your multi-currency account

Once verified, access your USD, GBP, and EUR accounts for business transactions.

Also read: Step-by-step guide to applying for an Egypt visit visa

Starting a business in South Africa sounds exciting. Navigating the visa application process is the first step. What truly makes it fulfilling is financial flexibility. Create your Grey account today or download the app to enjoy inclusive global banking, designed to help you carry your dreams across borders.

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