Permanent Residence based on Retirement

As mentioned in our article about temporary residence based on Retirement, South Africa is a country that one should consider when thinking about retiring in a country different to one’s home country.

The affordability, beautiful attractions, wonderful climate are only some of the reasons people choose South Africa as their retirement destination.

Similarly, to the temporary residence visa, the key requirement for permanent residence based on retired persons visa is the proof of a monthly income with the minimum amount being ZAR 37 000 for the individual’s entire life.

The amount can be substantiated by proving a monthly pension or a monthly income generated by assets. In addition to the aforementioned, in some cases the individual can proof the available funds by using capital assets in the form of a bank deposit.

South Africa is definitely a country one should consider when looking for a retirement destination.

by Chriselle Booise

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