“Earn the license that distinguish you as a licensed immigration accountant”

CBA(SA), CFO(SA) and BAP(SA) designated CIBA members can apply to become a Licensed Immigration Accountant.

The license is built on competence, ethics, and professional engagement standards and provides powerful support to accountants in practice.

Become an accountant that specialise in immigration, attract more clients, get referrals from non-specialist accountants and diversify your income stream.

Immigration Act, 2002 Authority

The Minister of Home Affairs has included CIBA 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 Chartered Institute for Business Accountants (CIBA) to the effect that at least an amount in cash of R5 million (as determined from time to time by the Minister) is available; 

CIBA are obligated to ensure that CIBA members that provide Immigration 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

Stand-alone license

This license is accredited by CIBA and authorises the member to perform a specialist service within the standards of engagements as set by CIBA.

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:

Objectives

Study unit 3:

General principles

Study unit 4:

Defining terms

Study unit 5:

Planning

Study unit 6:

Documentation

Study unit 7:

Procedures and evidence

Study unit 8:

Reporting

Study unit 9:

Engagement letter

Study unit 10:

Example report

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 CIBA.

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 CIBA, 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

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