Retired person visa

Retired person’s permits may be issued to persons who wish to retire in South Africa, provided that such persons comply with the financial requirements provided for in the Immigration Act, 2002 (Act No. 13 of 2002) and its Regulations.

In order to meet the requirements for a Retired person visa, the applicant must provide proof to the Department of Home Affairs that they receive a monthly income of R37,000.00. This requirement can be provided, inter alia, in the following manners –

• Pension or retirement income
• Combined assets
• Interest earned
• Rental income
• Dividends
• Profit shares

One can assume that foreigners wishing to apply for this visa category would not require working in South Africa as they receive a minimum of R37,000.00 on a monthly basis however, the applicant may choose to apply for this visa along with work or business endorsement. A Retired person visa with the correct endorsement will permit the applicant to either work as an employee or run a business in South Africa.

Similarly, to the work permits, the applicant’s family may accompany them to South Africa on the basis of the applicant’s Retired person visa.

Despite the name Retired person visa, there is no age limit to apply in this category. This visa category is not adjudicated based on age but rather on generated income or assets.

Retired person’s visas are typically issued for a period of 4 years and are renewable provided that the requirements continue to be met. Holders of a Retired person’s visas may also apply for Permanent Residency on the same basis should this be a desired status.

The following quintessential documents must be submitted inter alia with the application (we can assist with these as required) –

• A certified copy of your passport title page;
• Primary proof that you will have available no less than the equivalent of R37,000.00 per month for the next four years (we will guide you in terms of the appropriate documentation given your specific circumstances); and
• Police clearances from every country where you have resided for more than 12 consecutive months since your 18^th birthday

To apply in South Africa, the applicant must apply before their current visa expires (preferably 60 days before expiry), alternatively they will be required to apply in their home country or country of temporary residence.

Click here to send your query to contact@xpatweb.com to confirm whether you qualify for a Retired person visa.