Applying for a South African business permit often referred to as an entrepreneur permit or investor permit allows foreign nationals to immigrate to South Africa based on a substantial investment being made in a new or existing business venture.

 

Overview

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South African business permits concentrate upon the entrepreneurial ability and experience of the prospective candidate as well as the investment requirements as well as place emphasis upon the creation of jobs for South African citizens or permanent residents.

Benefits of business visa

The South African business visa is one of many temporary resident visas for South Africa which allow a foreign national to migrate to South Africa for an agreed period.

The South Africa business visa equates most directly to the UK investor visa and the USA EB-5 visa, both of which are based upon a candidate possessing sufficient business acumen and capital to successfully begin a commercial enterprise.

South African business visas are granted for a period of twenty-four months, which can be extended indefinitely providing that the SA visa requirements below continue to be met.

In addition, like South African work permits, business permit holders may ultimately apply for a permanent residence permit.

Eligibility

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In South Africa, immigration via this route requires a minimum investment of R2.5 million, around £175,000, to be made in either an existing business or a new venture.

In addition, if the business falls in line with the following sectors, a request for a capital reduction can be made. 

• Chemicals/biotechnology
• IT/communications
• Metals/minerals
• Automotive/transport
• Agricultural processing
• Tourism
• Clothing/textiles/crafts

The other key requirement of the South Africa business visas is that the enterprise in question must result in the creation of at least five (5) employment opportunities for South African citizens or permanent residents. This requirement applies to a five year period in which the jobs must be created.

Beyond these criteria, candidates immigrating to South Africa via this route must also satisfy the following requirements:

• A detailed business plan must be submitted,
• The applicant must be employed in the investment or entrepreneurial venture,
• The business must demonstrate export potential of the transfer of a technology not generally available in the country,
• Evidence must be supplied to show that the investment capital will originate from abroad,
• Documentary evidence of the applicant's business experience and entrepreneurial skills must be submitted,
• A signed agreement must be made to register, if required, with the relevant statutory body for the sector

Whilst a South Africa business permit may be extended, it is important to note that the conditions outlined above must continue to be met in order for a South African visa extension to be granted.

In some cases, business permits may be revoked if an enterprise does not continue to perform satisfactorily.

Dependents

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As discussed, South African investor visas or entrepreneur visas are grouped within the temporary residence permit classification.

However, since South African visas of this class can be extended and may ultimately lead to permanent residence in South Africa, it is likely that successful candidates establishing or investing in a South African business will be present in the country for some years if not indefinitely.

As a result, spouse and dependent immigration are permitted and the spouse or partner and dependent children may accompany the principle applicant to South Africa.

Dependents will be granted visitor visa status to immigrate to South Africa for the same length of time as that granted to the business permit holder.

To know about the visa fee and other information, contact us!

Price List, Fee Schedule & Refund Policy

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Opulentus Overseas Careers’ Service fee is Competitive & among the best you will find in the industry. At any given time, our state of the art Processing Centre is processing over 5000 active cases from across the world. Our processes are standard & Process Consultants are the best in the world.

Our Prices are standard across all our offices. We guarantee that other than company offers & promotions, you will not be quoted a higher price & eventually pay a lower price. Prices are determined by the company & set for all clients, all offices & all cases. You know you are paying the right price – the same as all our 10000+ clients around the world.