South Africa is a beautiful country, which attracts tourists from all over the world. Naturally immigrants may want to look into opening up a guest house in South Africa.
This is an attractive prospect for many reasons. Initially it would allow you as an immigrant to be provided with a place to live and a business at the same time.
As you can imagine opening up a guest house in South Africa is a big undertaking. Today we wanted to share with you some basic information that you will need to know.
What type of permit would I need for opening a guest house in South Africa as a foreigner?
Any foreigner, who is interested in opening a guest house in South Africa, will be required to obtain a business permit. A guest house is classified as a business, which means that in order to legally run and operate it; you will need to successfully obtain a business permit.
Should I first obtain the permit or buy the guest house?
This is a very common question. The truth is that if you first go ahead and buys the guest house; you will need to ensure that you obtain a business permit should you wish to generate income from it. If you decide to obtain the permit first, you will need to locate and purchase a lucrative guest house afterwards.
The good news is that you are able to obtain the business permit first, before even purchasing the guest house. This is always the best way to go. Simply purchasing the guest house and not having the business permit may result in huge financial and emotional losses.
What are the requirements for a business permit?
In order to successfully obtain a business permit with the goal of opening a guest house in South Africa, you will need to meet certain requirements.
Some of the requirements may include:
- A proven available investment amount of must be from funds introduced to South Africa from abroad.
- The employment of 60% South Africans
- A comprehensive business plan
- An appropriate company structure
Is my partner allowed to work in the guest house?
It is important to understand that a business permit for opening a guest house in South Africa will only be issued to a single applicant. However there is always the option of adding your partner or spouse onto the application.
Although your partner will be able to help you run and operate the guest house, they will not be able to receive any form of financial compensation until they have obtained a valid and successful work permit.
All this information is confusing, where can I get help?
If you are looking for guidance with regard to opening up a guest house in South Africa, you have come to the right place. At Intergate Immigration we are able to help you in many different ways through the process.
The best place to start is by taking our free immigration assessment which will help you determine if you qualify for a business visa in order to enter South Africa.
To take our free immigration assessment all you need to do is click here to begin.
I have questions about opening up a guest house in South Africa
If you have any questions, or need help with any of your immigration needs, please do not hesitate to contact us. One of our helpful immigration consultants will be able to assist you further.