South Africa is a country endowed with vast natural resources. These natural resources include gold and diamonds. In addition South Africa’s strategic location and vast coastline make it an ideal holiday and trade destination.
As a result of the factors mentioned above, South Africa offers many varied investment opportunities to those seeking to immigrate and invest in South Africa. Indeed many big businesses as well as individuals immigrate to South Africa annually to invest in one of Africa’s most vibrant economies.
The first step in investing in South Africa is applying for a South Africa business visa. Immigrants wishing to immigrate to South Africa for business purposes need to successfully obtain the South Africa business visa.
The South Africa business visa mirrors the United States’ EB-5 visa and the United Kingdom’s Investor visa which was replaced by the PBS tier 1 visa.
To qualify for a South Africa business visa immigrants must meet certain criteria which include:
• Meeting the minimum investment capital requirement. The investment must contribute to the growth of South Africa’s economy by creating employment opportunities for local citizens and introducing new technology to industry.
• Provide evidence that money to be invested will come from abroad.
• Prove that all local legal requirements have been satisfied.
On meeting the above conditions a South Africa business visa is granted to the successful applicant. The South Africa business visa is issued for a temporary 24 month period. The visa can be revoked if the stipulated conditions are not adhered to.
The South Africa business visa is a route to attaining permanent residency. An investor holding a South Africa business visa can choose to settle there permanently by applying for permanent residence. Dependants of a person holding a South Africa visa are accorded a visitor visa. This status affords them entry into South Africa.