The new business visa rules for south africa

The branch of home Affairs has subsequently gazetted the new settled amounts required to begin a commercial enterprise in South Africa.

in the gazette are lists of business types that qualify for a discount or waiver, and a list of agencies which are taken into consideration undesirable for a commercial enterprise visa is also covered.

what's the minimum investment for a business visa?

The business visa funding quantity is up from R2.five million to R5 million. The R5 million investment have to be used to empower a new commercial enterprise or an current enterprise, and ought to originate from out of doors South Africa. as an alternative you can make an equivalent capital contribution of recent machinery or system of the equivalent price.

Which groups are deemed undesirable for a enterprise visa software

The kinds of business that are declared undesirable for South Africa for a enterprise visa are:

groups that import second-hand motor cars into South Africa for exporting to other markets outdoor South Africa
The exclusive leisure industry
protection industry
Can a business visa applicant practice for a waiver?

there is a list of groups which can qualify for discount or waiver of capitalisation. some of these commercial enterprise sorts include ICT, inexperienced economic system industries, boat constructing, textiles, tourism, oil and fuel, consumer items, chemical compounds and plastics, innovative and layout, agro-processing, and electro-technical.

you may view the overall list right here.

precis
Whist there may be a good deal complaint of the new immigration legalisation, a few justified, we do now have a comprehensive listing of commercial enterprise visa candidates who might also apply for waivers as well as the new minimum investment amount.

Getting a work permit in south africa