Retired Person’s Visa – South Africa
A person who wishes to retire in South Africa may apply for a retired person visa, if he or she receives at least R37 000 per month from a pension fund or an irrevocable retirement annuity or has a net worth or a combination of assets realizing a minimum monthly income of R37 000.
A retired permit, visa, as a means of immigration to South Africa, is granted to immigrants wishing to spend their retirement years in South Africa. For immigration to South Africa, under the category of a retired permit, the criteria is based on the premise that the immigrant is not looking to work, study or carry out their own business.
As with all permit applications and visa applications associated with immigration to South Africa, there are a number of criteria that must be satisfied. Below are some of the main points:
- There are no age restrictions on a retired person’s permit, either for a minimum age or maximum;
- Applications for retired person permits can be made under the temporary and permanent categories;
- Both income and capital can be used depending upon whether a temporary or permanent retired person permit is being applied for;
- The value of pensions and rental income from property can be utilised for proving income.
Retired Permit / Visa – Temporary Residency
Applications for retired permits under temporary residency can be made for a period of 4 years only. After 4 years, they can be further extended by making an application to home affairs and proving that the criteria are still being met.
As a retired person’s permit one of the main criteria concerns the prospective immigrant’s financial status and proving they have sufficient means to support themselves.
Working out if you qualify for a retired permit / visa
Working out whether you meet the qualifying criteria can be quite complex as only certain types of income and capital are allowed. To ensure you meet the qualifying criteria you would need to contact us.
We’re available to assist you with further information on this. Write to us on email@example.com .