Is purchasing a franchise a way to obtain a Business Visa for South Africa? For foreigners to start a new business in a foreign country and purchase of a franchise seems to be a very good idea. Franchises offer a strong brand, a clear proven concept and also target a market. But does the purchase of a franchise qualify the Applicant to apply for a Business Visa?
In light of the new Immigration regulations, Mr. Joop Demes, Chartered Accountant and CEO of Pam Golding Hospitality and Mr. Dirk Meissner, Managing Director of IBN Stellenbosch recently had a discussion, specifically relating to the obtaining of South African residency based on the purchase of a Bed and Breakfast/Guesthouse establishment. Joop Demes: What is the government’s reason for allowing residency on such grounds? Dirk Meissner: Tourism remains a high contributor to the GNP and is seen as essential for the economy and image of South Africa. The positive effects of foreign owned B&B’s, guesthouses, etc. is fully understood on all levels of government: national, provincial and municipal across the country and our understanding is that the government wishes to boost tourism in South Africa by supporting foreigners eager to set up such establishments. Joop Demes: What are the advantages of foreign ownership in establishments such as B&B’s, guesthouses, etc.? Dirk Meissner: The most notable advantage of foreign owned B&B’s, guesthouses, etc. is the foreign ‘touch’ which creates a comforting atmosphere for tourists of similar nationalities, as well as a refreshing change for all others. The influence of foreign cultures brings even more diversification to our already diverse, aptly named ‘Rainbow Nation’. […]
Minister Davies Announces the Termination of the Tourism Support Programme The Tourism Support Programme (TSP) was established in 2008 to replace the Small and Medium Enterprise Development Programme (SMEDP). Currently it offers a grant of between 15% and 30% of qualifying investment costs for establishing tourism operations in South Africa.