High net worth individuals and investors

Source: SAMI, 31/10/2019

Foreign nationals intending to establish a business in South Africa may
apply for a business visa subject to meeting the prescribed
requirements including a minimum capital investment (5 million rand)
and proof or undertaking that 60 per cent of the employees directly
employed in the business will be South African citizens or permanent
residents.
Further, the Act prescribes that a business visa may not be issued or
renewed in respect of any business undertaking that has been listed as
undesirable in the Government Gazette after consultation between the
Minister of the Department of Home Affairs and the Minister of Trade
and Industry.
Is there a special route (including fast track) for high net worth
individuals for a residence permission route into your jurisdiction?
South Africa Sa Migration International
See question 16.
Highly skilled individuals
Is there a special route for highly skilled individuals?
South Africa Sa Migration International
Yes, there are options available under temporary and permanent
residence.
Temporary residence
Critical skills work visa
A critical skills work visa may be issued to a foreign national
provided that such foreign national falls within a specific
professional category or occupational class as determined by
publication by the DHA. The critical skills visa list, published in the
Government Gazette (on 3 June 2014), includes several new categories,
including information communication and technology (expanded list),
business process outsourcing and retains engineers, life and earth
science professionals and health professionals, among others.
A critical skills work visa may be applied for and issued upon receipt
of an offer of employment or in the absence thereof; however, the
holder of a critical skills work visa must confirm securing employment
within a period of 12 months of obtaining the critical skills work
visa.
In late 2018, a draft critical skills list was to be released for
consultation with stakeholders. The revised list would essentially
reduce certain categories, while expanding others, on the critical
skills list. The final revised critical skills list has yet to be
published and released for use.
The impact on applicants would be that those who previously qualified
for critical skills may not qualify once the amended critical skills
list is published and they would need to revert to the general work
visa category where applicable. The inability to qualify for critical
skills would also remove their eligibility to immediately apply for
permanent residence as would have been possible under a critical skills
visa.
Permanent residence
Permanent residence may be granted to a foreign national, subject to
any prescribed requirements, who demonstrates that he or she possesses
extraordinary skills or qualifications under the circumstances or as
may be prescribed. Accordingly, holders of critical skills work visas
are able to apply for permanent residence in South Africa in the
absence of any prescribed waiting period (subject to confirmation in
practice owing to the recent implementation of the Amendment Act).
www.samigration.com