LATEST NEWS

A large bird in flight with mountains in the background, alongside text asking about financial emigration and South African

Does financial emigration affect my South African residency status or citizenship?

20/02/2018

Emigration (also referred to as formal or financial emigration) does not affect your birth right, citizenship or the right to retain your South African passport. It is often believed that officially emigrating requires you to give up your citizenship and identity as a South African – a very emotive issue. This is incorrect. Registering an...

Tax laws for SA expats are changing: How to avoid getting stung by SARS

08/02/2018

The South African economy has been left frustrated by the number of citizens moving abroad, and failing to resolve their domestic tax issues. This was noted in the Parliamentary hearings in 2017 as one of the main reasons why the tax laws on South Africans working abroad had to change. As SA faces the prospect...

What is the difference between emigration and immigration?

02/02/2018

Immigration (physical relocation) – to another country from South Africa. Emigration (financial emigration) – from an exchange control perspective, is the financial exit from South Africa. On completion of this process your financial status in South Africa changes from resident to non-resident. If you emigrate without properly notifying the South African Reserve Bank (SARB), you...

Do I need to close my South African bank account when I financially emigrate?

29/11/2017

Expats often are under the assumption that they need to close their South African Bank account prior to financially emigrating. A South African bank account is required for one to be able to financial emigrate, as the South African Reserve Bank process has to be initiated through a South African Bank. Your South African bank...

Do I Need to Dispose of My South African Assets When I Financially Emigrate?

27/11/2017

Expats often presume they need to dispose of assets when financially emigrating. The financial emigration process has no impact on selling or otherwise disposing of any assets. This is simply not the truth, including that you do not have to cash-in on policies or retirement preservation vehicles. Those who spread miss-information hereon are often certain...

Significant Increase In Financial Emigration For South African Expatriates

10/10/2017

Recent changes to the taxation of foreign income earned by South Africans living and working abroad permanently or on long term contracts have shone the light on financial emigration. 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....

South African Treasury clears up rules

15/09/2016

Working in South Africa: The Tax & Fiscal Implications

24/06/2016

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LATEST NEWS

Does financial emigration affect my South African residency status or citizenship?

Tax laws for SA expats are changing: How to avoid getting stung by SARS

What is the difference between emigration and immigration?

Do I need to close my South African bank account when I financially emigrate?

Do I Need to Dispose of My South African Assets When I Financially Emigrate?

Significant Increase In Financial Emigration For South African Expatriates

South African Treasury clears up rules

Working in South Africa: The Tax & Fiscal Implications

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