A retired or financially independent person may apply for temporary residence in this category provided they comply with the requirements set out below which are coupled to a lifelong right to a pension or an irrevocable retirement annuity or prescribed minimum income off investment or if the applicant has the prescribed financial.
Overview
The Retired Persons Visa permits foreign nationals to reside in South Africa provided they demonstrate sufficient financial means to support themselves without recourse to state funds. This category is specifically designed for individuals who have ceased formal employment and intend to live in South Africa as retirees.
Key Requirements
- Proof of a lifelong right to a pension or an irrevocable retirement annuity.
- Evidence of a prescribed minimum monthly income generated from investments or other sources.
- Evidence of sufficient capital assets to meet the required financial threshold.
- Police clearance certificates from all countries where the applicant has resided for more than 12 months in the last 10 years.
- Medical and radiological reports clearing the applicant of specific health conditions.
Important Considerations
This visa does not entitle the holder to work in South Africa. However, an application for a right to work can be made under specific circumstances if additional criteria are met. Please consult with our immigration experts to discuss your specific financial arrangements and eligibility.