South Africa launches 'nomad visa' for remote workers

economictimes.indiatimes.com:

South Africa’s Department of Home Affairs has refiled significant changes to its work-permit regime, allowing the creation of a "nomad visa" for remote workers. The changes, gazetted on May 20, became law after a previous withdrawal due to procedural lapses in public commentary periods.

The new visa aims to attract remote workers employed and paid by foreign companies, provided they earn at least 1 million rand (approximately $55,404) annually. This visa also includes a short-term tax exemption.

This move, recommended by the office of the president, addresses criticism from major foreign-owned employers struggling to get technicians and executives into the country due to South Africa's complex permit system. The system's delays, exacerbated by a lack of local skilled workers, have left companies in a bind, with some applicants waiting over a year for a work permit.

Key Updates to the Remote Work Visa

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1. Income Requirement: Applicants must earn a gross income of at least R1,000,000 annually from a foreign employer or self-employment.

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2. Tax Registration: For a remote work visa period not exceeding six months within a 36-month period, applicants can apply for