For applicants wishing to invest less than the required ZAR 2.5 million into the book value of the business that will be operated in South Africa – a recommendation letter (waiver letter) is required by the Department of Home Affairs that is issued by the Department of Trade and Industry (DTI) to waiver the capitalization requirement. Waiver applications can take from approximately 6 weeks to 6 months.

These waivers are used for the certain business sectors within South Africa.

For more information on Business permits and the particular sectors, please see here

Information supplied by www.intergate-immigration.com