Migate Abroad  

Suite 153
33 Parkway
London
NW1 7PN
Registered No: 08238840


+44 0203-701-0318

 

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South African Immigration - Retirement Visa (Temporary and Permanent)

 

Retiring to South Africa is very common especially for individuals that are looking to rejoin their loved ones or just simply looking for a more relaxed surrounding, A South African retirement permit can be granted for four years and renewed any number of times for the same period.
 

There are some great benefits to this category such as there are no age restrictions, you can either apply for a temporary or permanent visa. Both income and capital can be used as well as the value of pensions and rental income can be considered for proving income.
 

The Temporary Retirement Visa is currently taking around 30 days to be processed, whilst the Permanent Retirement Visa is taking up to 18 months.  Therefore it would be advisable to apply for both applications at the same time due to the lengthy time the Permanent Visa is currently taking.

 

Financial / Assets Requirements for Temporary Residency Retired Person Visa

Each applicant must demonstrate that they have a minimum of ZAR 37,000 per applicant, per month.  This can be evidenced in the form of cash/cash equivalent or cash income.  The proof of funds can be a combination or assets and funds.

 

Financial Requirements for Permanent Residency Permit

The financial criteria for Retired Persons Permit under the permanent category are similar to that of Temporary Retired Person Permit, however, the ZAR 37,000 must be evidenced as monthly income and not assets.  The proof of funds must be life-long guaranteed income and not capital based or a cash lump sum. 

 

Please speak with a member of our team today who can help you to prepare a successfully Retirement application or any other South African Permits that you might be interested in.
 

 



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Migrate Abroad Ltd
Suite 153
33 Parkway
London
NW1 7PN
United Kingdom
Registered No: 08238840

+44 (0)203-701-0318
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