FAQ: What are the preliminary requirements to be met to become an approved Venture Capital Company?

A company must meet all the following preliminary requirements to qualify for an approved venture capital company status for each year of assessment:
  • The company must be a resident;
  • The sole object of the company must be the management of investments in qualifying companies (i.e. investees);
  • The company’s tax affairs must be in order;
  • The company must be licensed in terms of section¬†8(5) of the Financial Advisory and Intermediary Services Act, 2002.

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