South Africa
Financially Independent Permit
Population
Over 63 million people.
Languages
English, Afrikaans and nine ethnic languages
Economy
Tourism-driven economy with contributions from agriculture and manufacturing
Currency
South African rand (ZAR)
Visa-Free Travel
125 countries.
Advantage
- Versatility: Allows the holder to reside, work, study, retire, and start a business in South Africa.
- Permanent Residence: Grants permanent residence status with all the rights and duties of a South African citizen, except the right to vote.
- Non-Citizen Identity Book: Opportunity to apply for a Non-Citizen Identity Book.
- Inclusive: No age requirement and open to all nationalities.
- No Mandatory Investment or Residency: No need for investment or maintaining residency.
- Validity: Valid indefinitely.
- Family Inclusion: Dependents can be included:
- Spouse or life partner (in a relationship for over 5 years).
- Children up to 21 years old.
- Any age if medically dependent due to handicap or similar conditions, confirmed by doctors.
- Business Hub: South Africa is a prominent business hub in Africa with a dynamic real estate market, excellent private healthcare, and a developed tourism industry.
- Citizenship Pathway: Possibility to apply for South African citizenship after 10 years, or sooner.
Requirements
- Net Worth: Proof of a minimum net worth of ZAR 12,000,000.
- Character Criteria: Must not be a prohibited or undesirable person and should not have been refused entry into South Africa.
- Legal Status: Should not have entered or stayed illegally in South Africa.
- Financial Stability: Must have sufficient economic means to cover personal and family living expenses.
- Application Fee: Pay an application fee of ZAR 120,000 directly to the Director General upon approval of the application.
- Entry Requirement: Must enter South Africa at least once every 3 years.
Process
- Prepare Documentation: Complete all application forms and gather supporting documents. Ensure payment of the application fee.
- Submission: Submit the application in person in the applicant’s country of origin, permanent residence, or long-term temporary residence.
- Approval and Payment: Upon approval, pay ZAR 120,000 to the Director General.
- Permanent Residence: Successful applicants receive immediate permanent residence status in South Africa.
