South African Retirement Visa

South African Retirement VisaMany people are choosing to spend their retirement in South Africa. If you are one of them, the first step would be to see whether you qualify for a South African retirement visa.

To do so you can complete our free online assessment or do a telephonic assessment by calling us at +27 (0) 21 424 2460.

You could also request a call back and we’ll contact you. In the meantime, get the ball rolling by familiarising yourself with the basic information and requirements around retirement visas.

What is a retirement visa?

A retirement visa is a means of immigration to South Africa for foreigners who want to spend their retirement, or part of it, in South Africa. It is based on the fact that the immigrant is not looking to work, study or do business in South Africa.

Who can apply for a retirement visa to South Africa?

Any person who wants to spend longer than six months at a time in South Africa can apply for a South African retirement visa. This is provided the foreigner meet the financial criteria.

Does South Africa welcome retired immigrants?

The South African government realises retirees create jobs and contribute to the economy during their stay, so they not only welcome but also value retired immigrants.

Is there an age restriction on a South African retirement visa?

There is no minimum or maximum age limit on the South African retirement visa. The criteria for the visa is not based on age but on assets, rental income and/or bank accounts generating income instead.

Do retirement visas extend to spouses and dependants?

The temporary retirement visa does not automatically guarantee acceptance of a spouse. Each applicant must be able to meet the financial criteria for the visa in their own capacity.

In cases where permanent residence is obtained, however, the spouse and/or dependants of the immigrant, i.e. children under 21, will also qualify for permanent residency.

How long is a retirement visa valid for?

A temporary South African retirement visa is valid for four years. After four years, the temporary visa can be renewed for another four years.

For the renewal to be successful, the immigrant must again meet the financial criteria. Foreigners who are looking to make the arrangement permanent, can apply for a permanent South African retirement visa.

What are the requirements for a South Africa retirement visa?

The main criteria for a South African retirement visa is financial. In essence, the applicant must be able to show that they can support themselves while in South Africa.

Does a retirement visa entitle the holder to certain rights and privileges in South Africa?

Immigrants with permanent retirement visas enjoy many of the same rights and privileges as South African citizens. Key exceptions are that permanent residents cannot vote in South African elections or have a South African passport.

How do I apply for a South African retirement visa?

Applicants must submit proof of their income as well as all other necessary documentation, as determined by the South African Department of Home Affairs.

While you can submit an application yourself, we recommend that you let a professional immigration company like Intergate Immigration handle it on your behalf. Our experienced team has helped thousands of individuals, families and corporates with immigration to South Africa.

In fact, since our inception in 2005, we’ve processed more than 9 000 visa and visa related queries.

To speak to someone, call us at +27 (0) 21 424 2460. If you’d like us to call you instead, all you have to do is complete our assessment form or request a call back. One of our consultants will undertake to contact you within 24 hours.

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South African Retirement Visa Financial Requirements

South African Retirement Visa Financial RequirementsSouth African retirement visas are extended to foreign immigrants for the purposes of retirement. It is therefore understood that you are not looking to work, study or do business while in South African.

As such, the main South African retirement visa requirements are financial in nature, as it is necessary to show that you are financially stable and can support yourself during your stay.

Criteria for a temporary South African retirement visa

Each applicant, both the main applicant and their spouse or life partner, must be able to prove a monthly income of ZAR37 000 for the four years that the visa is valid. The total amount required is ZAR1 776 000 (ZAR37 000/month x 48 months).

To prove the required income, applicants may use any of the following assets or a combination of them:

  • Sufficient capital
  • Pension income
  • Actual rental income
  • Investment income

Examples of how couples could use their assets to show that they meet the financial requirements for a South African retirement visa:

Retirement visa based on capital alone:

A foreign married couple with no monthly incomes, but with ZAR1 776 000 net capital.

Retirement visa based on income alone:

A foreign married couple with an income of ZAR37 000 per month from appropriate property rental income or pension. The couple could also apply for permanent residency provided it can be proved that the rental income or pension used is guaranteed for life.

Retirement visa based on a combination of capital and monthly income:

If a foreign married couple can only prove part of the required ZAR37 000 per month from monthly income, the rest can be proven in the form of capital. For instance, if ZAR20 000 is available as monthly income, then ZAR17 000 must be available per month in capital.

Criteria for a permanent South African retirement visa

According to the South African retirement visa requirements for permanent residency, the applicant and their spouse or life partner must be able to prove a life-long guaranteed income of ZAR37 000 a month.

Think you can’t meet the South African retirement visa requirements? It is not the end of the road. If you cannot prove an income, you could still apply for a financially independent visa. This is a permanent visa and lets you live in South Africa with many of the same rights and privileges as a South African citizen.

Any questions?

If any of the financial requirements for a South African retirement visa is unclear, call Intergate Immigration to speak to one of our experienced client managers. You can reach us at +27 (0) 21 424 2460.

Alternatively, complete our free assessment or request a call back and we will contact you. If you are eligible for a retirement visa, Intergate Immigration can help you start the process of retiring to South Africa. We have done the same for thousands of individuals, families and corporates since our inception in 2005.

For general information on South African retirement visas, have a look at our retirement visa page.

Title

First Name *

Surname *

Email Address *

Telephone Number

Language *

Country Of Residence *

What Visa would you apply for? *

Where in SA would you move to? *

Comments *