In order to qualify for a Retired Person Visa, one must be able to prove a monthly income of R37 000.00 that must be proven in the form of:
Should you not be able to comply with the above requisite requirement for a Retired Person Visa, a suitable alternative may be a Financial Independence, and if you are able to prove a net worth of at least R12 million and readily available deposit of R120 000.00.
Xpatweb has an experienced and dedicated team of immigration specialists, master tax practitioners, commercial attorneys, chartered accountants and mobility practitioners. Our competitive advantage is adding a layer of tax optimisation to the process thus always ensuring tax and residency implications are taken into account.
If you are an expatriate in South Africa, applying for a work permit can be a time-consuming process. This leads many to ask whether it is more beneficial to apply for permanent residency sooner.