South Africa•AfricaPermanently Residence Permit - Financially Independent
At a Glance
Processing Time
360-720 days
Application Fee
120,000 ZAR
Stay Duration
Indefinite
Renewable
No
Job Offer
Not Required
Dependents
Allowed
PR Pathway
No
This visa does not offer a direct route to permanent residency.Remote Work
Not Required
Overview
Permanent residency for individuals with minimum net worth of R12 million. No requirement to invest funds in South Africa. Grants immediate permanent residency without expiry.
South Africa offers immediate permanent residency to individuals who can demonstrate a minimum net worth of R12 million (approximately USD $675,000). This visa allows the applicant to retain the assets in their country of choice and does not require investment in South Africa. The Immigrants Selection Board assesses all applications on merit.
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Requirements
Financial
Minimum Savings
12,000,000 ZAR
Investment Required
12,000,000 ZAR
Personal
Education
None or higher
Documentation
Applicant Documents
Valid passport
Current passport
Net worth proof
Bank statements and asset valuations totaling R12 million+
Asset valuations
Professional valuations of assets (property, investments, etc.)
Financial statements
Detailed financial records and wealth documentation
Police clearance
Criminal record certificates from all countries of residence
Medical report
Health certification
OptionalTrack your documents or upload them for AI-powered review
Advantages
- Immediate permanent residency
- No South African investment required
- Assets can remain globally located
- Spouse and dependents included
Considerations
- Very high net worth requirement (R12 million)
- Long assessment period (12-24 months)
- R120,000 issuance fee
- Must relocate to RSA within 1 year
- Must re-enter every 3 years to maintain status
Application Process
Gather financial proof
Document minimum net worth of R12 million
Asset valuation
Get professional valuation of assets
Prepare application
Compile all financial documentation and supporting papers
Submit to Immigrants Selection Board
Application reviewed by autonomous statutory body
Wait for assessment
Processing takes 12-24 months for assessment
Receive approval
If approved, receive approval in principle
Pay issuance fee
Pay R120,000 issuance fee
Collect PR certificate
Receive permanent residence certificate
Application Forms
Financially Independent Permanent Residence Application
Ready to Apply?
Check your eligibility first to see how well you match this visa