RETIRED PERSON VISA

Retirement in South Africa offers foreign expats the opportunity to enjoy their retirement years in a popular destination that is known for its favourable climate, cultural diversity, affordable cost of living and popular tourist attractions.

What you need to know about the Retired Persons Visa

WHAT ARE THE BENEFITS OF A RETIRED PERSON VISA IN SOUTH AFRICA?

  • Work authorisation on ad-hoc basis may be applied for.
  • Valid for 4 years and is renewable.
  • Exit and re-enter South Africa freely.
  • No minimum days requirement in South Africa.
  • No age restrictions to qualify.
  • Pathway to to Permanent Residency .

WHAT IS NEEDED TO QUALIFY FOR AN ACCOMPANYING SPOUSE VISA?

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

FINANCIAL INDEPENDENCE

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 permit, and if you are able to prove a net worth of at least R12 million and readily available deposit of R120 000.00.

WHY US?

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.

Don’t meet the retirement visa requirements? Our partners at Africorp Advisory Solutions can assist. Learn more here.

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CONTACT US

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