For individuals looking to retire in South Africa, the Retirement Visa presents numerous advantages. Renowned for its exceptional lifestyle and pleasant climate, South Africa is a popular destination for many retirees seeking to enjoy their golden years.
This visa category does not impose a specific age limit; however, applicants must demonstrate the financial capability to support themselves without the need to work. To qualify for a temporary retirement visa, applicants must show a monthly income through an irrevocable annuity of at least R37,000 or have a net worth exceeding R2 million.
The retirement visa is valid for a maximum of four years and can be renewed by submitting an application from within South Africa.
Additionally, the primary applicant's spouse and dependent children can be included as accompanying family members in the application. However, school-aged children must apply for a study visa rather than a dependent visa.
For permanent residency, the requirements are similar: applicants need to show an irrevocable annuity of R37,000 per month or maintain that income level for the duration of their permanent residency. Spouses and children can be included in the residency application if the spouse has been married for over five years or if the child is a dependent of a South African permanent resident.
If you have any questions or would like assistance with your visa application, please reach out to VFS Immigration Attorneys.
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