Immigration Act, 2002 Authority
The Minister of Home Affairs has included SAIBA as a professional body whose members may issue Business Visa certificates in terms of sections 14(1)(a) and (2)(b) of the Immigration Regulations (as amended) under the Immigration Act, No. 13 of 2002, and sections 14(1)(a) and (2)(b) of the Immigration Regulations (as amended) under the Immigration Act, No. 13 of 2002.
The Immigration Act states the requirements for foreign investors to obtain a Business Visa that will allow them to immigrate to South Africa for the purposes of conducting business. A certificate issued by a business accountant registered with the Southern African Institute for Business Accountants (SAIBA) to the effect that at least an amount in cash of R5 million (as determined from time to time by the Minister) is available;
SAIBA are obligated to ensure that SAIBA members that provide business rescue services to clients, are:
- competent and able to provide high quality services,
- accountable for the work they perform,
- committed to relevant CPD, and
- aware of their role and responsibility to clients, and society.
Our License Immigration Accountant aims to achieve this.
Licensed Immigration Accountant
This license is accredited by SAIBA and authorises the member to perform a specialist service within the standards of engagements as set by SAIBA.
The license is not the equivalent of a designation nor a qualification.
Purpose of the license
Professional responsibilities when an engagement to perform agreed-upon procedures regarding on the application of a Business Visa.
Business Visa applications
Get authorised to perform a specialised service as set by the National Qualifications Framework Act, 67 of 2008.
After completing this license the designated member will be:
- Stand out from the crowd and hence be able to attract more clients.
- Be able to accept referrals from other non-specialist accountants and in this way diversify your client composition to include business clients and other accountants.
- Be offered specialist work at a higher fee than normal accounting work providing a much higher profit margin per hour of service delivered.
The following topics are covered in the license
Study unit 1:
- Introduction to the Act, Regulations and ISRS4400.
Study unit 2:
Study unit 3:
Study unit 4:
Study unit 5:
Study unit 6:
Study unit 7:
Study unit 8:
Study unit 9:
Study unit 10:
Why a license for accountants certificates for business visas
The objective of this licence is to equip Business Accountants in Practice to:
- To establish standards on the BAP(SA)’s professional responsibilities when an engagement to perform agreed-upon procedures regarding on the application of a Business Visa in terms of sections 14(1)(a) and (2)(b) of the Immigration Regulations (as amended) under the Immigration Act, No. 13 of 2002, is undertaken, and on the form and content of the report that the BAP(SA) issues in connection with such an engagement.
- To obtain the licence you need to provide evidence of competence in the specialist area. This evidence is presented by passing an exam. The exam is set by an independent industry expert and accredited by SAIBA.
If you want to issue business visa certificates you have to be licensed
The Licensed Immigration Accountant (LIA) is a professional license that is awarded to:
- members of SAIBA, that have
- obtained a BAP(SA) designation, and who
- want to perform submit accountants reports as part of an immigration application, and
- have a minimum of 2 years of relevant post-designation experience
Branded, secure, and verifiable digital certificates
- Obtain branded, secure, and verifiable digital certificates and badges.
- Your certificates can't be duplicated or faked.
- With a single click, you and potential clients/employers can verify the achievement is legitimate.
- Social media ready.
- We automatically optimize your certificates and badges to display perfectly on any screen size, so they always look good.