WHAT IS FINANCIAL EMIGRATION?

Financial emigration is the process used by many South Africans abroad to formalise their non-resident tax status for both tax and exchange control purposes. It is the process of ceasing to be a tax resident.

The process has been extremely successful for South Africans to cut tax ties, and as such, SARS has made it more difficult to cease tax residency by amending the process effective 1 March 2021.

We have an in-depth understanding of the new process and can help you complete your Financial Emigration and guarantee non-tax residency through SARS. This will provide you with protection from expat tax and ensure your foreign earned income remains tax-exempt in South Africa.