If you are financially independent, you can qualify to apply for SA Permanent Residence. You can qualify if the main applicant can show a net worth equivalent to R12 000 000.
Once the application has been adjudicated by the SA visa offices, before the actual permit is issued, the applicant must pay a once-off SA administrative fee equivalent to R120,000 to the SA authorities. Once the fee payment has been made, the permanent residence permit will be issued. The applicant can then reside in SA as a permanent residence holder. It is important to note that this adjudication process for the financially independent application takes a while. You can expect a wait which is normally at least 4 – 5 years.
How Breytenbachs can help you
The application for South African Permanent Residence is complicated, with many potential pitfalls. It is, unfortunately, also a long wait for the final decision on the application. However, you will have peace of mind that your case is in the experienced hands of our SA Immigration team.
We strongly recommend that clients who qualify apply as soon as possible. This will prevent having to submit temporary visas. Please do not hesitate to contact our SA Immigration team for further advice, a consultation, or to proceed with your application.