Business Permit
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So you have made the decision to either open or buy a business in South Africa. Good choice! Business permits are issued to those applicants who intend investing into an established business or establishing a new company / business in South Africa.. V.1 Investment in own Business, with or without a South African partner. A business permit is regulated in terms of Section 15(1), Regulation 24 and items 13 and 14 of Schedule A. A business permit may be issued by the Department of Home Affairs to a foreigner intending to establish or invest in a business in South Africa in which he or she may be employed, and to members of such foreigners’ immediate family providing that certain requirements have been met. Although the Act calls for investment of R2,5 million in a business to get both temporary and permanent business permits, you can get these visas with less capital investment - sometimes for as low asR400,000 ($57,000 USD) investment using our expert team at SA Migration Services. SA Migration Services will professionally help to arrange your Business Permits for you. |
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South Africa is going through a very exciting stage at the moment and there is lots of opportunity to be involved in this emerging economy. Especially for small business owners, the markets are extremely lucrative and the government welcomes anyone who wants to invest. On the 1st of July 2004, the regulations changed and the requirements for a business permit changed. Foreign business owners are now required to employ 5 South Africans and invest aprox R2.5m. Yes we heard you, R2.5m is quite a bit. Especially if you are starting a small business where the capital requirements are much less than this. This is where we come in! SAMI, with its good relationship with DTI can easily reduce this figure to something thats more proportionate to the type of business you would like to open. The requirement to employ 5 South Africans is mandatory. Click here for information on how to start your business in South Africa
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- Why invest in South Africa?
- Political/Legal Structure
- Outline of the South African Economy
- Investment Opportunities
- How to establish a business in South Africa
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