If you can prove financial independence you are entitled to apply for a Permanent Residency Permit in South Africa straight away.
For those foreign nationals financially independent and wishing to move to South Africa, applying for a Permanent Residency Permit should not be a problem.
Financially Independent Permits & Visas South Africa Requirements:
For applicants considering the Financially Independent Visa will only be able to apply for Permanent Residency once they can prove that they have a net-worth valued at R12 million.
A once-off fee of R120 000 is levied to applicants once their Permanent Residence applications have been approved.
Should you have any additional questions with regard to the Financially Independent Visa for South Africa, please feel free to contact one of our experienced immigration consultants.
Updated according to Immigration Act 2014