Financial Independence

The Financial Independent Permit grants immediate Permanent Residency status, allowing holders the freedom to retire, start businesses, work, or pursue education in South Africa. This permit offers unrestricted entry and exit privileges, providing significant freedom and flexibility.

Designed to attract high-net-worth individuals seeking permanent residency in South Africa, the Financial Independent Permit simplifies the process without imposing restrictions on age, nationality, or duration of stay in the country. Once your permanent residency is approved, you can engage in any business activities in South Africa, even if you do not intend to reside there permanently.

What sets the Financial Independent Permit apart are its unique benefits. To qualify, applicants must have a clean criminal record, demonstrate good moral character, and provide evidence of sufficient financial resources to support themselves and their families. There are no age restrictions for the main applicant. As part of the application process, interviews and biometric data collection are standard procedures to ensure compliance with requirements.

Many prospective applicants often wonder about the financial requirements for obtaining Permanent Residency. With the Financial Independent Visa, there is no direct investment required. Instead, you must demonstrate a net worth of at least R12 million and agree to pay a fee of R120,000 once your application is approved.

After your Permanent Residency application is accepted, there are no immediate residency obligations. However, within one year of receiving residency, applicants must establish a residence in South Africa and visit the country at least once every three years to maintain their status, which remains valid indefinitely.

Adding dependents to your application after approval is possible, but this involves a separate process and may incur additional fees. At VFS Immigration Attorneys, we provide comprehensive services to facilitate a smooth transition to South Africa, including assistance with Permanent Residency applications. We guide clients through every step of the Permanent Residency process, ensuring a seamless adjustment to life in South Africa for individuals and their families.