RETIRED PERSONS

Permanent Residence Permit

What is it?

Foreigners who receive a pension or other passive income of at least R37.000 per month for the rest of their life can apply for permanent residence status.
  • The applicant must receive a passive (i.e. not work-derived) income of minimum R37.000 per month.
  • This can either be a current right to pension, or possession of a combination of different assets realising returns in the required amount (e.g. rental income from property ownership, interest on capital and investments, dividends from stocks and company shares, etc.)
  • This type of permanent residence usually takes at least 24 months to be finalised.

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