Statutory Description
Under Section 15(1)(a) of the Immigration Act, No. 13 of 2002, applicants for a Business Visa must submit a certificate issued by a chartered accountant or business accountant confirming the prescribed capital investment and compliance with statutory requirements. The accountant’s role is defined under ISRS 4400 (Agreed‑Upon Procedures) — limited to reporting factual findings without providing assurance or opinion. This ensures legal precision and regulator‑ready evidence for the Department of Home Affairs.
Factual Finding Report Scope (Bullet List)
- Verification of minimum capital investment into a new or existing South African business.
- Certification of lawful source of funds in compliance with FICA, 2001 (Sections 21 & 22).
- Confirmation of business registration documents (CIPC, MOI, tax clearance).
- Verification of workforce composition (citizens and permanent residents employed).
- Preparation of regulator‑ready audit evidence packs for submission to the Department of Home Affairs.
- Annual monitoring and reporting obligations under Immigration Act Section 15(2).