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How to obtain South African Retirement Visas?

With probably the best living standards and sun-packed ambiances, South Africa is certainly one of the best places for international retirees to spend their free years of life splendidly. It would be vital to search through the South Africa visa requirements if you are planning to live up your life after retirement in South Africa.

Because of the beautiful scenery and climate and acceptable cost of living this place has turned out to be one of the most appreciated retirement destinations throughout the world. South Africa retirement visa is probably the one that can be obtained far more easily than any other visas for the country. Although this visa category is meant for people who intend to retire in the country. However, this includes that fact that the applicants have provided the proof of pension or certain fixed income.

How is a retirement visa beneficial?

While applying for permits to South Africa, the applications regarding a retired person could be applied as a temporary residence permit or an application for permanent residence for the further years after retirement. We would take an in-depth view of the visa criteria for the same.

The temporary residence permit for South Africa would be granted for comparatively longer duration that would be more than 4 years. Also, this permit is a renewable indefinite number of times for another four years that may arrive. The permanent variant of this permit would provide the same privileges and rights to the permit holder like that of a South African citizen. There would however be several exceptions that certainly include the right to vote.

In any considerable case, the acceptance of the application for a retirement visa would be dependent on the financial aspect of the individual’s living unlike the work permit South Africa. However, unlike the temporary South Africa travel visa regulations, the ones holding the retirement visa can choose to work if they want to.

Another worth noting element about this visa category is that despite the term “retirement visa” there is no minimum age limit set for the eligible applicants. If the said requirements are met, this visa could be extended to people of any age.

Eligibility for South Africa retirement visa

The following points need to be considered in terms of eligibility for retirement visa South Africa:

  • The applicant should have a retirement or pension account or an irrevocable annuity that amounts to R 37,000 per month. This requirement would be enforced for each person who may be applying.
  • Alternatively to the first one, applicants can also demonstrate that their net worth including some of their assets equates R 37,000 per month. Like the former, this regulation would be considered for each person who may be applying.

Getting a financially independent visa could be another considerable alternative. Applicants under this case, the applicants would be required to demonstrate that they possess the net asset value which is not less than R 12 million. It would be vital to consider following the regulations to ensure that you succeed in the acceptance of your application.

Working on a Retirement Visa

Despite the name, there are no specific restrictions that may be placed for working in South Africa for the retirement visa holders. In most of the cases, it is assumed that people arriving in the country with a retirement visa would not be coming for purposes of work. However, these cases can be individually considered and applicants may be allowed to work during their time in South Africa.

The applicants who wish to work should submit their employment contract along with the demonstration that no other South African citizen is available for that work. If candidates are to attain the permanent residence permit, then it would be absolutely easy to find and start work.

Getting a retired permit/ permanent residency permit

Under the retired permit category, the permanent residency applications can be made without even attaining the permanent residence. Applicants, however, apply altogether for both considering the long processing by the South Africa Department of Home Affairs.  The financial criterion for the permanent retirement permit is similar to that of the temporary residence permit that amounts to ZAR 37, 000 per month.  

The proofs, however, need to be about guaranteed life-long income and not any assets or lump sum amount of cash. It should be noted that at the time of submission of the Retirement permanent residence, the pension or rental income should be payable on the current date. Bank statements would be required for supporting these details and prove that these amounts are actually credited to your bank accounts.

Based on the above details, you may look into the South Africa Visa Requirements and obtain your retiring permanent residence permits.



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