More
    HomeEcosystem NewsDigital Nomad Visa Now Gazetted in South Africa: Stay More Than Six...

    Digital Nomad Visa Now Gazetted in South Africa: Stay More Than Six Months, Register for Tax

    Published on

    spot_img

    In a move designed to boost the economy, South Africa has finally gazetted a new visa category specifically for digital nomads and remote workers. The Digital Nomad Visa, established through the Second Amendment of the Immigration Regulations enacted in March 2024, allows eligible foreign nationals to live and work remotely in South Africa.

    Eligibility Requirements

    The visa caters to individuals employed by foreign companies or those earning income from sources outside of South Africa. Applicants must demonstrate a minimum annual gross income of R1 million (approximately $54,000) to qualify.

    Tax Implications

    The visa program outlines tax obligations based on the duration of stay in South Africa. Individuals residing in the country for less than six months within a three-year period are generally exempt from South African income tax. However, those exceeding the six-month limit may be considered tax residents and subject to relevant tax regulations. Long-term residents (over six months in three years) are required to register with the South African Revenue Service (SARS) for tax compliance.

    Dependents

    The program potentially allows spouses and children of Digital Nomad Visa holders to apply for dependent visas to accompany them in South Africa. Specific details regarding dependent visa applications are expected to be announced by the Department of Home Affairs (DHA) in the coming weeks.

    The South African government anticipates the Digital Nomad Visa to attract skilled professionals and entrepreneurs, contributing to economic growth through increased spending and potential investment. The initiative aligns with a global trend of countries seeking to attract remote workers and bolster their economies.

    Next Steps

    Prospective applicants are advised to monitor official channels of the DHA for updates on the application process and required documentation. The DHA is expected to release further details in the near future.

    Charles Rapulu Udoh has carved a niche at the forefront of Africa’s booming tech scene. With years of experience, Udoh has become a go-to expert for multi-million dollar deals in venture capital, private equity, and intellectual property across a vast landscape — from Delaware and New York to Singapore and South Africa. But his expertise extends beyond just the legalese. Udoh is also a corporate governance, data privacy, and tax whiz. An award-winning writer and researcher, he’s passionate about chronicling Africa’s startup story, cementing his position as a true pioneer in the field.

    Latest articles

    DigsConnect Founder Alexandria Procter Launches $1.4M Vehicle to Back African Startups

    Procter founded DigsConnect four years ago while she was an undergraduate student at the University of Cape Town..

    A 230-Angel Network, Beyond the ‘Big Four’: Inside Renew Capital’s Quiet Conquest of African VC

    While Nigeria saw the second-highest number of applicants to its Renew Venture Lab (350), it has no portfolio company there yet.

    Africa’s Payment Maze: Are New State-Backed Rails a Map or a Trap for Fintechs?

    In the last month alone, major economic blocs in East, Southern, and West Africa have launched ambitious interoperable platforms.

    How a Paper Fortune of $2.68m Vanished for a South African VC-Backed Fintech Founder

    Last year, TLcom Capital, together with Flourish Ventures, backed South African fintech LittleFish. However, that investment ended up in court, with one of LittleFish's founders fighting for his 'life' in the company post-deal.

    More like this

    DigsConnect Founder Alexandria Procter Launches $1.4M Vehicle to Back African Startups

    Procter founded DigsConnect four years ago while she was an undergraduate student at the University of Cape Town..

    A 230-Angel Network, Beyond the ‘Big Four’: Inside Renew Capital’s Quiet Conquest of African VC

    While Nigeria saw the second-highest number of applicants to its Renew Venture Lab (350), it has no portfolio company there yet.

    Africa’s Payment Maze: Are New State-Backed Rails a Map or a Trap for Fintechs?

    In the last month alone, major economic blocs in East, Southern, and West Africa have launched ambitious interoperable platforms.