Retirement Visa South Africa
A retired persons visa is a four year renewable visa intended for applicants who wish to reside in South Africa without working. There is no age limitation on a retirement visa, however an applicant will need to prove their financial means through either a pension of at least R37 000 per month or a net worth.
Retirement visas are ideal for applicant’s who wish to reside in South Africa on a seasonal basis, as it allows a person to open a bank account and receive money in South Africa from abroad. It also gives the assurance of being able to exit and re-enter as often as the visa holder wants, which is especially important if a visa holder owns property in South Africa.