It's nice to dream sometimes, so I'm interested in hearing what kind of business would you start tomorrow if you had R3mil lying around, and following up from that, how much would it cost to start your ideal business and what would it be?
Many territories where that could be legally invested tax-free. Just in a fixed bank deposit it's possible to earn 8 to 12 percent p/a. In higher risk currencies of course - that would be the caveat naturally.Business idea/name: Invest-it-all
Expected monthly returns before tax, R24125
Short and sweet.
How much for a New Zealand Entrepreneur Visa?3mil would cover my debt here and an Entrepreneur Visa in New Zealand. It is a seriously bad time to start a business in SA. If I had to do it in SA I would take it out of the country until after the Moody's rating announcement in I think November. Then I'll invest in a business selling IT subscription services.
I'm actually looking into that idea I mentioned above anyway...