Statutory Description
Foreign investor verification is governed by the Immigration Act, No. 13 of 2002 (Section 15) and the Companies Act, 2008 (Act No. 71 of 2008). Applicants for a Business Visa or Permanent Residence must demonstrate lawful investment, compliance with prescribed capital thresholds, and alignment with South Africa’s corporate governance framework. Verification requires a licensed accountant to perform factual findings under ISRS 4400 (Agreed‑Upon Procedures), ensuring regulator‑ready evidence for the Department of Home Affairs and compliance with FICA, 2001 (Sections 21 & 22) on anti‑money laundering and source of funds.
Foreign Investor Verification Workflow (Bullet List)
- Verification of capital contribution against prescribed thresholds for business visas.
- Certification of lawful source of investment funds in compliance with FICA.
- Confirmation of company registration with CIPC and compliance with the Companies Act, 2008.
- Tax clearance verification with SARS and compliance with statutory obligations.
- Review of employment creation commitments (citizens and permanent residents).
- Preparation of regulator‑ready audit evidence packs for submission to the Department of Home Affairs.
- Ongoing monitoring of investor compliance with Immigration Act Section 15(2).
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