Retirement Permits
(Financially Independent Persons)

This category applies to a foreign national applicant who intends to retire in South Africa.
The requirements, in order to qualify in the retired persons category, are that an applicant must be able to demonstrate a right to the following:

• A lifelong pension;
  or
  
• The right to an irrevocable lifetime retirement annuity;
  or
  
• An income from a combination of assets

NB: The above criteria apply to Temporary and Permanent Residence applications.

A further option exists whereby  applicants will further also qualify for permanent residence in this category only if the are able to prove the following:

• A net asset value of ZAR 7,5 Million;
  and
  
• Provide proof of payment of a non-refundable amount of ZAR 75,000 (Seventy Five Thousand Rand) to the Director General of Home Affairs.

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