THE FEDERATED Hospitality Association of South Africa (Fedhasa) has welcomed Home Affairs Minister Leon Schreibers announcement that the remote working visa and a points-based work visa system had been finalised and would be launched within a month.
This comes after tax implications had been addressed.
Schreiber made this announcement in a speech delivered at the RMB Morgan Stanley Investor Conference this week, where he unveiled several transformative initiatives to grow tourism, investment, the economy and job creation.
He said South Africas annual growth rate could triple by attracting 11 000 more highly skilled individuals. Increasing tourist arrivals by 10% would add another 0.6% to annual gross domestic product growth. The visa reforms, among others, would help the country inch closer to these goals.
In terms of the remote working visa, individuals employed and compensated by foreign companies could now relocate to South Africa. Additionally, these individuals would only be required to register with the SA Revenue Service if they lived in the country for more than six months a year.
