Financial Emigration SA has a highly specialised team with experience across a number of different fields allowing us to offer expert advice across the board. Our team includes Emigration Specialists, Certified Financial Planners, Master Tax Practitioners, Chartered Accountants, Actuaries and Attorneys. This uniquely enables us to facilitate your complete financial emigration as well as the recovery of any financial assets such as retirement savings and tax income.
It is important to note that financial emigration is a formal process with the South African Reserve Bank (SARB) to change your tax status from “resident” to “non-resident” for exchange control purposes. It however does not affect your South African citizenship status.
The more complex part of financial emigration is often the Emigration Tax Clearance Certificate that is required. Most people assume that because they have left the Republic they are no longer required to file their annual tax returns with the South African Revenue Service (SARS).This however is not the case if you have any South African source income and as such, when applying for your tax clearance certificate it may show that you have a number of tax returns outstanding which must then be brought up to date before SARS will issue your Emigration Tax Clearance Certificate.
We have partnered our offering with a leading financial institute to offer you the best possible currency rates once your financial emigration is complete and you are ready to move your money out of South Africa.
NEWS | NEW TAX BILLS IMPOSE STRICTER RULES TO TAKE RETIREMENT FUNDS ABROAD08/06/2020 - 10:21
NEWS | NATIONAL TREASURY SEEKS MUCH MORE BITE FOR SARS ON CRIMINAL TAX OFFENCES08/05/2020 - 07:25
NEWS | TAXMAN GIVES 7 MONTHS’ NOTICE – THEREAFTER RETIREMENT FUNDS CAPTURED FOR 3 YEARS08/04/2020 - 14:17
NEWS | UNDER WHICH CIRCUMSTANCES ARE YOU ALLOWED TO WITHDRAW YOUR RETIREMENT ANNUITY?07/27/2020 - 12:09
NEWS | SOUTH AFRICANS WORKING ABROAD: MUST YOU SUBMIT A TAX RETURN TO SARS?07/24/2020 - 15:18