The South Africa Startup Visas are aimed at enhancing job creation in the nation by attracting overseas entrepreneurs with potential and skills. These are expected to launch businesses that are sustainable, innovative, compete at the global scale and create jobs.
The aim of the South Africa Startup Visas is to attract dynamic Startups from diverse nations that can collaborate with South African firms in diverse key sectors. Initially, 100 South Africa Startup Visas will be given to select overseas nationals that will be based in the nation 12 to 24 months.
The advantage of the program is that the startup ideas of overseas nationals can be commercialized for the advantage of the nation and the continent on the large scale. Critics might contend that this is more in favor of South Africa. But this is nothing new and is already emulated by the US and developed EU nations, as quoted by the IOL CO ZA.
The selected Startups will be placed in an accelerated program with specified supervision, assessment and strategies for implementation. These programs will also have to be endorsed by the agencies of the government.
The agencies will be responsible for tracking and reporting the progress of the startups. They will also be required to make sure that the origin nation of the startup is also benefited. This could be through licensing of the IP in the home nation.
The Startup visas can offer the private sector firms with a wide range of overseas entrepreneurs. This can also be in the form of the brightest and best minds internationally. It could also facilitate an enhanced partnership between startups and big businesses. These can also establish prosperous and exciting borderless businesses.
If you are looking to Study, Work, Visit, Invest or Migrate to South Africa, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.