A South African retired person permit may be issued to a foreigner exceeding a period of 3 months that intends to retire in South Africa provided that such foreigner is able to prove a financial status in the form of a right to a pension, irrevocable annuity, or requirement account.

A foreigner will need to provide proof that he or she will derive an amount of R20 000 per month as an income for the rest of his her life or a net worth equivalent to a combination of assets that will realise R20 000 per month.

A South African retired person permit is valid for a period of 4 years and is renewable. It will allow a foreigner to sojourn into South Africa on a seasonal or continual basis and has found favour with many foreigners who are financially sound and require the flexibility of retiring and still residing in other parts of the world.