Financially Independent Permit allows the applicant to remain in South Africa on a permanent basis. Ideal for high net worth individuals of any age and nationality wishing to permanently stay in South Africa.
You must show a net worth of at least ZAR12,000,000 and need to pay a fee of ZAR120,000 to the Department of Home Affairs before issuance of the permit.
Financially Independent Permit grants immediate Permanent Residence status offering the holder thereof the flexibility to retire in South Africa, start a business, work or study.
You may enter and exit South Africa freely. Should you leave, there is the low requirements to re-enter South Africa at least once every 3 years to maintain your Permanent Residence status.