Retired Person Visa
The South African Retired Person Visa can be issued for a period of up to 4 years and can be further extended for another 4 years at a time. The holder of such visa may reside in South Africa permanently or seasonally. A minimum stay within South Africa of 183 days per year does therefore not apply. The holder of a Retired Person Visa may under certain circumstances be permitted to work.
In order to qualify for a Retired Person Visa the applicant must provide proof of the following financial resources:
- A minimum pension, retirement annuity or fund membership of monthly ZAR 37 000
The former practice to meet this financial requirement through an asset generating income has been eliminated by the Department of Home Affairs and Embassies will no longer accept applications based on such asset-generated income. For those applicants with properties, it is, therefore, advisable to explore the possibility of a Financially Independent Permit.