RETIRED PERSON’S VISA in South Africa
If you wish to retire in South Africa and are able to show sufficient financial means to support yourself, you may be eligible for the Retired Peron’s Visa. The current financial threshold is a minimum of ZAR 37, 000 per month. Importantly, this income must come from a passive source, such as a pension, irrevocable annuity, retirement account, or from your net worth. When the application is based on net worth, it is important to show that the net worth generates the required monthly income of ZAR 37, 000.
While the Retired Person’s Visa is intended for those who have retired and are financially independent, it may be endorsed for work purposes in limited circumstances, such as:
01
Providing consulting or advisory services
02
Participating in limited business activities
03
Engaging in specific professional activities
Key Features of the Retired Person’s Visa
- Valid for four years at a time
- Renewable from within South Africa
- Allows you to change to a different visa category from within South Africa
- Provides a pathway to permanent residence
- Allows immediate family members to accompany the holder to South Africa
- Allows for limited work activities in South Africa
