The South African retirement visa is issued to foreigners of all ages who have sufficient financial means available to them for their retirement in South Africa. The holders of this visa may reside in South Africa on a seasonal or continuous basis.

The following requirements apply:

• A monthly income from abroad of at least R 37,000 from a pension, an irrevocable annuity or retirement account; or
• “Combined assets” (no minimum value) realising a monthly income of R 37,000.

The above-listed requirements need to be met for the entire period of intended residence in South Africa. As of May 2014, married spouses and life partners of at least 2 years, as well as minor dependent children can receive visas to accompany the holder of a retired person’s visa without having to provide further proof of funds or income. The holder of a retirement visa may be permitted to work under certain conditions.