Tel: +1 646 851 2309

Investment Criteria for a Business Permit

 

South Africa today is one of the most sophisticated and promising emerging markets globally. The Department of Trade and Industry has recently quoted saying that the main reasons for South Africa becoming one of the most popular trade and investment destinations in the world is due to the country ensuring that it can meet specific trade and investment requirements of prospective investors. The potential of our economy is evident in the diversity of sectors, industries and it offers world class clusters in environmental technologies, ICT, transport equipment, creative industries including financial services.

The Department of Home Affairs current regulations for a South African Business Permit dictate a minimum investment of R 2, 500,000 into the business, which these funds should come from a source abroad. Furthermore, it is mandatory to employ at least 5 local South Africans or permanent residents to boost job creation in South Africa as our unemployment rate is at an outrage of 25.2%. A Foreign business owner should clearly demonstrate to the Department of Home Affairs the type of employment positions to be created and salaries. This should be in the form of a undertaking letter to employ them within a period of 2 years.

The Department of Home Affairs loves approving business permits as this creates more jobs, however it is of utmost importance that the business can show that it will be successful by submitting a full comprehensive business plan. Alongside this, a detailed CV should accompany your application which clearly outlines your experience and qualifications.

New World Immigration has over 40 years of combined immigration experience, we provide you with a dedicated support team assigned to your case. Our track record gives you the security of knowing your visa will be approved.

Let us facilitate the following for you;

  • Business plan application
  • A detailed business plan
  • Finding a existing business to buy or premises to lease
  • Company and tax registration

Give me call on +27 (21) 555 0951 or email me charl@nwisouthafrica.co.za for a free consultation!

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