The Ultimate Investor’s Guide to Business in Cape Town
The City of Cape Town is dedicated to facilitating business operations at every level. This also means setting up a one-stop shop that gives investors and business owners the correct information to assist them with their business expansion.
The InvestSA One-Stop Shop
The InvestSA One-Stop Shop (OSS) in Western Cape, operated by Wesgro and the Western Cape Government, is a multi-faceted collaboration between national, provincial and local government. The primary objective of the facility is to offer fast-tracked services and to cut the ‘red tape’ that may be experienced by investors seeking to set up or expand business interests in the South African market.
Services Offered by The InvestSA One-Stop Shop
When it comes to boosting the billion-rand industry of foreign direct investment in South Africa, the city has established an initiative to assist with seamless investments and business set-up in Cape Town.
The initiative clusters key government departments and agencies under one roof, creating the convenience of providing investors with a single point of service.
These include:
- South African Revenue Services (SARS)
- Department of Trade, Industry and Competition
- Department of Labour
- Department of Home Affairs
- City of Cape Town
- Red Tape Reduction Unit
The offering includes but is not limited to:
- Providing an accessible entry point for investors in need of regulatory compliance
- Enhancing regulatory and legal processes
- Improving approval turnaround timeframes
- Providing information on incentives (tax, land, training, free trade zones etc.)
- Providing pre-approval information (market data, costs, incentives, project approval, local partners, etc.)
- Providing post approval information (facilitation of permit approvals, information relating to import of equipment & raw materials, central bank profit repatriation etc.) to investors.
