RETIRED PERSON VISA
Retiring in South Africa is an ideal choice for foreign expats seeking a warm climate, rich cultural diversity, affordable living costs, and access to world-famous tourist attractions.
What you need to know about the Retired Person Visa
Benefits of the Retired Person Visa in South Africa
- Work Authorisation Available: Retirees can apply for ad-hoc work permits if they wish to work occasionally.
- Valid for Four Years: The visa is issued for a four-year period and can be renewed.
- Multiple Entry Privileges: Visa holders can freely exit and re-enter South Africa during the visa validity.
- No Minimum Stay Requirement: There is no minimum number of days you must spend in South Africa to maintain your visa status.
- No Age Restrictions: Applicants of any age can qualify for the Retired Person Visa.
- Pathway to Permanent Residency: This visa can serve as a stepping stone towards applying for permanent residency in South Africa.
Qualification Requirements for the South African Retired Person Visa
To qualify for a Retired Person Visa in South Africa, applicants must demonstrate a minimum monthly income of R37,000. This income can be proven through one or a combination of the following sources:
- Pension or retirement income
- Annuity payments
- Combined assets
- Interest earned from investments
- Rental income
- Dividend payments
- Profit shares from business interests
FINANCIAL INDEPENDENCE
If you do not meet the monthly income requirement for the Retired Person Visa, consider applying for a Financial Independence Permit in South Africa. To qualify, you must prove:
- A net worth of at least R12 million
- A readily available deposit of R120,000
This permit offers a viable alternative for retirees seeking residency without the monthly income criteria.
WHY US?
Xpatweb boasts a team of experienced immigration specialists, master tax practitioners, commercial attorneys, chartered accountants, and mobility experts. Our unique advantage lies in integrating tax optimisation throughout the visa application process, ensuring all tax and residency implications are carefully considered.
Don’t meet the retirement visa requirements?
Our trusted partners at Africorp Advisory Solutions are ready to assist you with alternative options.