South Africa Citizenship by investment is only given to people that has invested a significant Mount of money in South Africa.
In South Africa, it is hard before you can become their citizen just for your investment rather the country can offer you investors Permit which is what will allow you to stay in the country for a long time.
Before you can get that permit, you must first have a visa which is what shows that you are legally allowed to be in the country first.
In this article, we are going to explain to you, all the requirements you need to meet up with if you must apply for investors Permit or visa to South Africa.
Documents To Proof Legality of Your Investment
Here are some of the documents you need to proof to the embassy or the Ministry of Home Affairs to show that your business is legit.
1. Proof of Finance
Original and a copy of the document demonstrating enough financial resources or attesting to a consistent source of income for the investor and, where applicable, any accompanying family members.
400% of South Africa Public Multiple Effects Income Indicator is the minimum amount needed. To this sum, 100% of the SAPME for each family member must be added. Documents from other countries must be legalized or apostilled and, if necessary, provided with an official translation into English.
2. Criminal Record
The criminal record check certificate(s) provided by the applicant’s country or countries of residence for the last five years must be submitted in both the original and a copy if the applicant is of legal age. When necessary, official Spanish translations must also be supplied with foreign documents that have been legalized or apostilled.
3. Proof of Representative identity
If the visa application is made through a representative, a copy of the representative’s identity document or passport as well as the power of attorney or other document confirming representation must be submitted.
When submitting the application, original documents must be displayed. When necessary, official English translations must also be supplied with foreign documents that have been legalized or apostilled.
4. Pay the Visa Fee
An amount equal to 80 euros is required for each visa. Due to reciprocity, separate tariffs apply to citizens of Australia, Bangladesh, Canada, the United States of America, and the United Kingdom. The Consular Office must be consulted in certain circumstances regarding the charge amount.
Frequently Asked Questions
Who is qualified to be a citizen of South Africa?
If you were born in South Africa and at least one of your parents held a permanent resident visa for the country, you immediately became a citizen of South Africa. if a South African citizen adopted you.
Does SA allow dual citizenship?
A South African citizen can hold two citizenships, thus yes, that is conceivable (be a citizen of more than one country). To make this feasible, a South African citizen must apply to the Department of Home Affairs for the preservation of their citizenship. They must be at least 18 years old.
Conclusion
If you want to be a citizen of South Africa by investment, sorry it won’t work, all they can do for you is to give a permit to do you business and live in South Africa.
If you still require more information or you have a question, do well to leave a comment below and myjobseurope will be here to give you a clear responds.
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