Many South African expats leave South Africa with their minds firmly focussed on their overseas opportunities. For South Africans who have successfully emigrated and made their lives abroad, the advantages of emigration, far outweigh the challenges.
The advantages of emigration
Financial benefits of emigration
South Africans who emigrate abroad, report that financial emigration brings them many benefits. Especially those expats who have a lot of their capital tied up in South Africa – as one of the main benefits of financial emigration is the establishment of the free flow of capital from South Africa – to your new home country abroad.
What does financial emigration mean?
Financial emigration is simply the process of exiting South Africa financially and means your status – for exchange control purposes – changes from resident to non-resident with the South African Reserve Bank (SARB). That’s all!
The benefits of financial emigration
How to financially emigrate if you are already living overseas
The financial emigration process does involve a lot of forms and red tape and for expats living abroad this can be problematic. As South Africa’s first and most experienced offshore financial specialist, FinGlobal has helped thousands of South Africans financial emigrate and the majority of these were done some years after the South African expats had left the country. For more information about the financial emigration process, contact us today.