Financially Independent Persons Category

To qualify under this category, applicant must transfer a guideline amount of not less than R1,500.000.00 to the Republic of South Africa of which R700,000.00 must be invested in the South African economy for a period of three years either as a deposit with a financial institution or by any other means such as the acquisition of immovable property.

After three years of being granted an immigration permit the immigrant must show proof that his requirements have been complied with. Failing to do so may result in their immigration permit to be withdrawn. They are also required to notify the Department of any change of their address during the three year period.

Persons applying in this category must refrain from engaging in employment or establishing businesses without obtaining approval from the Department of Home Affairs.

Applicant must apply and await for the outcome of his/her application from abroad.

Important

All documents must be submitted in originals or notarized copies. Documents which are not in English must be accompanied by certified translations into English.

All fees must be paid in certified bank check payable to the South African Consulate General, New York.

A personal/telephonic interview is required towards the final stage of the application provided that all requirements have been duly complied with by the applicant.

Requirements:

Applicant - Form BI 947 Application for Permanent Residence

Form BI 757E - Preliminary Immigration Questionnaire

Form BI 939 - Citizenship Declaration

Form BI 811 - Medical Report

Form IM 418 - Questionnaire

Two passport size photographs

Birth Certificate

Marriage Certificate (if married)

Death Certificate (if a widow(er))

Final Divorce Decree (if divorced)

Valid Passport

Statutory Declaration (change of name, surname and date of birth)

FBI Report

Police reports from countries where applicant has resided for a period of 12 months

Two Letters of Character Reference

Financial Statement

Documentary Proof of Funds (bank statements)

Proof of income from fixed/floating assets

Statement of income and expense from an Accountant

Non-refundable fee of US$1,790.00

Last Revised: Tuesday, October 09, 2007



	Financially Independent Persons Category
To qualify under this category, applicant must transfer a guideline amount of not less than R1,500.000.00 to the Republic of South Africa of which R700,000.00 must be invested in the South African economy for a period of three years either as a deposit with a financial institution or by any other means such as the acquisition of immovable property. After three years of being granted an immigration permit the immigrant must show proof that his requirements have been complied with. Failing to do so may result in their immigration permit to be withdrawn. They are also required to notify the Department of any change of their address during the three year period. Persons applying in this category must refrain from engaging in employment or establishing businesses without obtaining approval from the Department of Home Affairs. Applicant must apply and await for the outcome of his/her application from abroad. Important All documents must be submitted in originals or notarized copies. Documents which are not in English must be accompanied by certified translations into English. All fees must be paid in certified bank check payable to the South African Consulate General, New York. A personal/telephonic interview is required towards the final stage of the application provided that all requirements have been duly complied with by the applicant. Requirements: Applicant - Form BI 947 Application for Permanent Residence Form BI 757E - Preliminary Immigration Questionnaire Form BI 939 - Citizenship Declaration Form BI 811 - Medical Report Form IM 418 - Questionnaire Two passport size photographs Birth Certificate Marriage Certificate (if married) Death Certificate (if a widow(er)) Final Divorce Decree (if divorced) Valid Passport Statutory Declaration (change of name, surname and date of birth) FBI Report Police reports from countries where applicant has resided for a period of 12 months Two Letters of Character Reference Financial Statement Documentary Proof of Funds (bank statements) Proof of income from fixed/floating assets Statement of income and expense from an Accountant Non-refundable fee of US$1,790.00 Last Revised: Tuesday, October 09, 2007