Permanent Residence in the Business Category
An applicant who wishes to apply for permanent residence in the business category must show a prescribed financial contribution of at least R 5 million from abroad into the business in order to be able to qualify in this category.
Additional requirements for permanent residence in this category would include a detailed business plan, proof of business registration, and comprehensive financial documentation reflecting the investment's legality and origin.
It is advised to consult with a professional immigration practitioner to ensure all statutory forms and Department of Home Affairs requirements are met accurately to ensure a successful application process.