While I was researching something else, I discovered South Africa has a retirement residence permit one can get if one fancies to ER there. So, if you want to kick back in Cape Town, here's what you'll need.
Visa Eligibility
When applying for a South African retired person's permit as a temporary immigration service, that is, to receive a temporary resident permit for South Africa, successful applicants may reside in the country for four years. This four year period can be renewed any number of times and in addition, applicants may select whether to live and work in South Africa continually or seasonally.
In South Africa, visa applications for this migration service must be able to provide evidence of the following: - A pension, retirement account or irrevocable annuity which has a value of at least R 20,000 per month. This requirement applies to each person making an application.
- Alternatively, candidates may obtain a South African visa of this kind by demonstrating a "net worth" through a combination of assets which equates to a minimum of R 20,000 per month. Once again, this criterion applies to each person making an application.
As discussed, these South Africa visas for immigration may also be applied for as a permanent route to immigrating to South Africa. The key difference here is that a permanent grant must be applied for from within the country and would be made after arrival on the temporary version. An alternative route exists in the financially independent visa for which candidates would need to be able to demonstrate a net asset value totalling not less that R 7.5m. In addition, it would also be necessary to demonstrate proof of payment of R 75,000 as a non-refundable sum to the Director General of Home Affairs.
South African Retired Person's Permit
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