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Where can I apply for a retirement visa or permit and how long is the processing time? Yellow fever certificate (where applicable)ħ.Either the permanent or temporary residency application form.When applying for a retired permit there is a number of standard items, which include: Apart from the financial criteria, what else must be presented with a South African retirement visa application? It has in place numerous double taxation agreements, no tax on foreign sourced pensions schemes and a very low capital gains tax rate (which is great for those with capital).Ħ. South Africa is, however, tax-friendly for retirees. Previously, 'swallows' might have flown under the tax radar, but recent tax changes, including the fact that all homeowners must now be tax registered, have negated this. South Africa operates on a worldwide taxation system that is residency based – in layman’s terms, this means it looks at whether this is your permanent home and how many days you spend in South Africa. To a large extent, the type of permit you hold is not the main contributor to your tax status. Are there any tax implications surrounding residency in South Africa? Furthermore, the 2014 immigration regulation changes have made the extension process slightly more tedious.ĥ. This can be a risky strategy, as tourist visas are meant for those coming to South Africa on holiday, not as a second home destination. Many individuals staying in South Africa have traditionally entered on tourist visas for the first three months and then extended their tourist visa by another three months in order to stay six months in total. What if I only want to stay six months per year in South Africa – do I really need a permit? South Africa is retiree-friendly, and there are no maximum or minimum age requirements.Ĥ. Are there any age restrictions on the permit options for retired people? The holder must also visit South Africa at least once every three years to maintain the permit.ģ. A financially independent permit requires the applicant to have a net worth of R12 million, and the individual must pay a once-off fee of R120,000.

It is valid forever, but the holder must visit South Africa at least once every three years to maintain it. A retired permit application on a permanent basis is made by showing a guaranteed monthly income of R37,000 per month.

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A retired visa application for temporary residence can be made by demonstrating either R37,000 per month in guaranteed income, a capital sum equal to R444,000 per annum (R1,776,000 for the full four year eligibility) or a combination of both.

Retired permits or independent financial person permits focus on the applicant’s ability to be able to support themselves financially. What are the main criteria for being able to qualify for a retired permit in South Africa?

An independent financial persons permit: this is for permanent residency only.Ģ.

A retired permit: which can be made on a temporary or permanent residency basis.

Retirees can take two routes when considering what application to make for retiring in South Africa: What are the permit options available to people wishing to retire in South Africa? If you need more assistance, Black Pen company is happy to help you directly (contact them directly with queries).įAQS ABOUT SOUTH AFRICAN RETIREMENT VISA APPLICATIONSġ. To help prospective retirees with some of the key questions and concerns around retired permits for South Africa, Black Pen have answered some of the most common questions on the topic. The good news is that Black Pen Immigration, based in Seapoint, has helped many retirees get their retirement visas successfully. While the idea of living out your twilight years in South Africa is certainly appealing, the emigration process can prove complicated and foreboding, especially in light of the 2014 immigration regulation changes. 'The main attractions are the fact that money goes much further in South Africa and that there’s already a large expat community,” explains founder and CEO of Black Pen Immigration, Nora Dawud. South Africa, even with its economic uncertainty, continues to offer potential retirees the high-quality lifestyle, value for money and climate they’re looking for, so it comes as no surprise that there’s been an increase in the number of retirees settling here. The traditional destinations of Spain, Greece, Cyprus, and Portugal have all seen economic issues, and in some cases, the uncertainty around these countries’ banking industries and subsequent fiscal reforms have threatened expats’ savings. The retiring abroad landscape has changed dramatically since the financial collapse of 2008.

#APPILY RETIRED HOW TO#

How to Apply for a South African Retirement VisaĮverything you need to know about applications for retired temporary and permanent residency in South Africa

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