When it comes to retirement, most people have the same idea - go somewhere with great weather! A popular destination for Americans is Florida, where the sun always shines. More recently, South Africa has become a sought-after destination since, you guessed it, we enjoy abundant sunshine year round.
Another advantage for retirees is that their money will go further since the rand is not as strong as it used to be. Housing is affordable, depending on where you live, and the cost of living is lower than many other cities around the world. Whats even better is the tax benefit South Africa offers foreign pensioners - it does not levy tax on overseas pensions and offers an economic capital gains tax rate.
South Africa is extremely lenient when it comes to the approval of retirement visa, and they recognise that pensioners contribute to the economy by means of job creation - hiring a domestic worker to assist with work around the house - as well as spending their foreign currency here. There are no age restrictions on retirement visas as long as you can prove you'll be able to support yourself financially.
Let Immigration consultants in South Africa assist you with your Retirement visa
Black Pen Immigration has helped plenty of retirees make their dreams of retiring in South Africa, a reality. In order to qualify for a Retired Person's visa, you need to prove you have access to an amount of R37 000 monthly for the duration of your stay. The typical visa period is four years but can be extended as long as your financial situation doesn't change. Funds can be shown through pension funds or a combination of assets. Spouses and children can be added to the main application and won't have to meet individual requirements.
If retiring in South Africa has always been in the back of your mind, why not make it a reality? Get in touch with one of the consultants at Black Pen Immigration, and let them assist you with your retirement visa.