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.
Important Note: Additional requirements for permanent residence in this category include:
- Proof of the investment being transferred from abroad.
- Submission of a business plan demonstrating the viability of the business.
- Compliance with Department of Labour and other regulatory requirements regarding business operations in South Africa.
- Detailed financial statements and supporting documentation for the business entity.