If you want to know how to qualify for a business visa in South Africa, read our top 5 hints and tips below. If you prefer to speak to one of our experts you can call us on any of the numbers above or request a call back, or email us.
Our top 5 hints and tips on how to qualify for a business visa in South Africa.
A large part of how to qualify for a business visa in South Africa is how much money you have to invest into your new South African business. A minimum investment is required to be made into the business within a 2 year period of time. Further the source of these funds must be from outside of South Africa.
Whilst exemptions to this investment can be applied for they are granted only rarely.
South Africa courts foreign investment, from SME’s through to large corporates. A large factor in it doing so is the creation of employment opportunities for local South Africans. As such your application will be scrutinised for the employment positions it creates.
60% of your employees need to be either South African citizens or permanent residency holders.
- What sector your proposed business is in
Whilst courting foreign investment, regulations also pay attention to attracting the right sort of businesses to South Africa. There are specific sectors such as tourism and manufacturing that are deemed priority industries.
Speak to one of team about the industry sectors currently deemed a priority.
Many see a business plan as a blueprint to the success of the business. It is a direct reflection on the amount of research, innovation and thought that has gone into planning the operation.
Further, the business plan will also identify the business’s chances of succeeding and the applicant’s own business ability.
A comprehensive business plan which also highlights the applicant’s ability to meet the business visa requirements is a must.
- Understanding the ongoing requirements
How to qualify for a business visa in South Africa is one thing; keeping the visa is another, and often little or poor advice is given to this important consideration.
Once the business visa is obtained there are ongoing requirements that must be adhered to. Temporary residency holders are obliged to report back to the Department of Home Affairs every 2 years, whilst permanent residency holders must do similar 2 years after receiving permanent residency and 3 years thereafter.
Know your future obligations and ensure you work with a company that is committed to you over the term of such obligations.
Getting more information on how to qualify for a business visa in South Africa
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