RETIRED PERSON VISA

What is a Retired Person’s Visa?

Not only is South Africa an extremely popular tourist destination, it is also home to many retirees from across the globe. Many of these retirees reside here on Retired Person’s Visas. The key component to this visa is that applicants must have available an amount of no less than R37,000.00 per month. This prescribed amount may emanate from a variety of sources including, but not limited to, a combination of assets realising an amount of no less than R37,000.00 per month to the applicant, income from pensions or retirement funds, profit shares and other similar dividends, rental income from properties owned by the applicant, and interest earnings from investments held by the applicant.

It is also worth noting that family members may accompany the holder of a Retired Person’s Visa for the duration of their stay in the Republic and that this visa type may be issued for a period of up to four years at a time. It may be renewed from within South Africa on the condition that the financial requirements continue to be met.