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.
