south africa business visa eligibility

Visa Eligibility
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. With our close relationship with the Department of Trade and Industry, Global Visas can assist with this capital waiver certificate.
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.