{"id":2482,"date":"2014-10-21T11:03:16","date_gmt":"2014-10-21T11:03:16","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?page_id=2482"},"modified":"2018-10-07T00:12:38","modified_gmt":"2018-10-07T04:12:38","slug":"permanent-residence-permit","status":"publish","type":"page","link":"https:\/\/www.investmentimmigration.com\/south-africa-investment-immigration\/permanent-residence-permit\/","title":{"rendered":"Permanent Residence Permit"},"content":{"rendered":"

Permanent Residence Permit on basis of investing in new or existing business<\/strong><\/p>\n

The applicant must fulfill the following requirements:<\/p>\n

    \n
  1. Minimum investment of not less than R 5 million in new equipment or machinery. .<\/li>\n
  2. Have a business plan regarding the feasibility of the short-term and long-term feasibility of the business.<\/li>\n
  3. Minimum 60% of the total staff employed in the operations of the business shall be citizens or permanent residents of South Africa.<\/li>\n
  4. Registration of the business with all relevant Authorities, Funds, Professional Bodies, Councils, and Boards<\/li>\n<\/ol>\n

    An applicant investing in an existing business must further provide proof regarding:<\/p>\n

      \n
    1. Employment of South African citizens or permanent residents in 60% of all permanent positions in the business, and<\/li>\n
    2. Registration of the business with various authorities as prescribed by the law, and<\/li>\n
    3. Proof of investment in the business in the preceding financial year, and<\/li>\n<\/ol>\n

      If the applicant is investing in an existing business as a partner, he or she must submit<\/p>\n

        \n
      1. Certified proof of investment, and<\/li>\n
      2. Partnership agreement.<\/li>\n<\/ol>\n

         <\/p>\n","protected":false},"excerpt":{"rendered":"

        Permanent Residence Permit on basis of investing in new or existing business The applicant must fulfill the following requirements: Minimum investment of not less than R 5 million in new equipment or machinery. . Have a business plan regarding the feasibility of the short-term and long-term feasibility of the business. Minimum 60% of the total…<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":2472,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P8hnWW-E2","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages\/2482"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=2482"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages\/2482\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages\/2472"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=2482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}