A good guide for investors about the dynamics and principles involved in the South African business environment is the Investor's Handbook publication. Part 1, part 2
The following issues are covered in this publication:
Entry and residence of foreign investors and expatriate labour;
Foreign exchange control;
Business entities and registration;
Sources of finance for the foreign investor;
Property and licences, including intellectual property, cellular and banking licences as well as prospecting and mining rights;
Land - acquisition, rezoning, sub-division and transfers;
Site development, including information about building permits, environment assessment, electricity, water and telephones;
Importing and exporting, which includes information about import and export permits, registration, customs, payment deferment, duty drawback, bonded warehouses and manufacturing under rebate;
Tax registration for businesses, which includes information on tax registration, value-added tax, employee tax, regional levies and accounting policies;
Other relevant laws, such as competition, environmental and labour laws; and
Contact information for the labour sector, national investment agencies and the provincial promotional agencies.
General information on investing in South Africa and the business environment;
Detailed information for potential investors, on the various economic sectors in South Africa;
Providing finance to explore investment opportunities in South Africa;
Facilitating your company's investment;
Facilitating direct government support in the form of incentives for your investment;
Aftercare / ongoing contact and problem-solving, after your company invested in South Africa.
Facilitating your company's investment
The Department of Trade and Industry (the dti) offers a service by liaising with regulatory institutions and other government departments to resolve bottlenecks, such as residency permits, zoning of land as well as other regulatory matters. The offering is targeted at local and foreign companies, which includes new and existing businesses. the dti's Trade and Investment South Africa (TISA) can assist businesses with resolving bureaucratic bottlenecks, and will act on behalf of clients to reduce lead-time for investment processes. All current and potential investors qualify for this offering.
To benefit from this offering, investors should contact TISA (Investment Promotion and Facilitation), which is best positioned to provide this service.
To enquire about this offering or for more information, contact the dti Customer Contact Centre (RSA) 0861 843 384 or (International) +27 (12) 394 9500, and ask for Investment Promotion and Facilitation. Information is also available in the Investor's Handbook publication. Part 1, part 2