If you are interested in emigrating to South Africa for your retirement, you can apply for a South Africa Retirement Visa. The South Africa Retirement Visa is designed for those who wish to visit the country for a period longer than 6 months. When applying for a South Africa Retirement Visa you will need to provide proof that you are financially able to take care of yourself while in the country. The requirement is to show proof of at least R20, 000 per month or equivalent regardless of source. There are two main types of South Africa Retirement Visas – temporary and permanent. Applicants can opt for temporary or permanent resident status depending on how long they wish to stay in the country. Those who are retired but will only be spending part of the year in the country will opt for a temporary South Africa Retirement Visa.
While the South Africa Retirement Visa is a temporary permit it can be renewed as often as needed so long as the individual continues to meet the financial requirements. The South Africa Retirement Visa is intended for those who receive a pension or other form of continuous income. It is important to know that retired persons in South Africa are also permitted to work if they desire. Supporting documentation should accompany your South Africa Retirement Visa Application. The South Africa Retirement Visa holder can decide to apply for permanent residence status. There are no age restrictions on the category of South Africa Retirement Visa if the applicant meets the criteria.
January 13th, 2009 by i3stblog
Filed under: Retirement Visas, South Africa Visa | 6 Comments »
The South Africa Retirement Visa facilitates the migration into South Africa for those who have retired and want to spend their golden years in that country.
Year after year, South Africa receives thousands of individuals who have decided to retire in that country. The retirees come to take advantage of the excellent facilities for healthcare, cultural diversity, low-cost and comfortable living, moderate climate, luxurious and affordable housing, and the exclusive tourist attractions.
A South Africa Retirement Visa can allow an applicant entry for four years and is given to a retiree who has a monthly income or pension of more than R20,000 or a net worth (combination of assets) amounting to R20,000 every month. The South Africa Retirement Visa can be given for the duration of more than three months to a foreign applicant who is intending to make his or her retirement in South Africa. For the foreigner to successfully acquire this, the proof of right to an annuity, pension, or a serviced retirement account from his or her country of origin has to be presented. The payments or account has to be available for the rest of the applicant’s life.
South Africa immigration is very popular for those visiting for periods of six or more months. It is not obligatory for successful applicants of the South Africa Retirement Visa to request permanent residency. A temporary visa can, however, be indefinitely renewed as long as all requirements for the extension are met.
On the flip side, a permanent visa carries with it additional advantages to the holder. However, a permanent South Africa Retirement Visa holder is not entitled to vote whilst in that country.