Description

Duration

12 months

Processing time

3-4 weeks

Converts to Citizenship after

120 Month(s)

PR after

60 Month(s)

Complexity

Very Low

Governmental Fees

110USD

Requirements:

You need a passport valid for no less than 30 days after the expiry of your intended visit. You need to invest capital South African economy by establishing a business or by investing in an existing business. You must be of good character. You need vaccination against yellow fever if you have travelled or intend to travel through a yellow fever endemic area. You should be in good health. You need recommendation from the Department of Trade and Industry.

Documents:

Visa apploication form. Dully filled Form BI-1738. A certificate issued by a chartered accountant registered with the South African Institute of Chartered Accountants to the effect that you have: At least an amount in cash or capital to be invested in the Republic as determined from time to time by the Minister, and An undertaking that at least 60% of the total staff to be employed in the operations shall be South African Citizens or permanent residents, permanently employed in various positions. An undertaking to register with: The South African Revenue Service; Unemployment Insurance Fund; Compensation Fund for Occupational Injuries; Companies and Intellectual Properties Commission, where legally required; and Relevant professional body, board or council recognized by SAQA (where applicable). A police clearance certificate from each country where you resided since the age of 18 years, including the Republic of South Africa. A letter of recommendation from the Department of Trade and Industry regarding the feasibility of the business; and the contribution to the national interest of the Republic. A yellow fever vaccination certificate if you have travelled or intend to travel through a yellow fever endemic area. Medical and radiology reports. Business Visa applications made for existing businesses require the following documents (in addition to all those listed above) to be submitted with the temporary residence application form. Financial statements for the preceding financial year. The contribution to the national interest of the Republic.

Cost of living

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