TIME
Processing Time in South Africa: 8 -12 months
Processing Time if lodged abroad: 8 - 12 months
FEES
Government Fee in South Africa: R1520
New Submission Centre Fee ( in SA ): R1350
Government Fee abroad: Dependent on Currency
VISA ASSESSMENT
In order to obtain a Permanent Residency Visa for South Africa, one must meet certain requirements. There are a few different ways in which one can qualify for this visa:
In order to qualify this way the applicant must:
In order to qualify this way the applicant must:
In order to qualify in this way the applicant must:
Should an applicant wish to set up a business in South Africa then he may apply for Permanent Residency. In such a case there are two main requirements the applicant must meet:
The applicant will also need to present a complete business plan, and have the financials assessed by a qualified Chartered Accountant, as well as registering the business with the South African Revenue Services.
With regards to the investment amount, this can be broken down into R 500,000 capital contributions with the first contribution being made at the start and the remaining balance to be transferred into the country over a 12-month period and invested into the business. The contributions can also be in the form of equipment.
Applicants must have an income or pension of at least R37, 000 per month to qualify. Both capital and income can be used in calculating the required income per month.
Applicants must be aware that only certain types of income can be used for the purposes of qualifying for a Retirement Visa. The value of pensions and rental income from property are sources of income that can be used.
To confirm whether you would qualify for Permanent Residency under this section you are welcome to contact us.
The Applicant must provide proof that he or she has a minimum net worth of at least twelve million Rand and make the proper payment of R120, 000 to the Director-General.