We specialize in assisting South Africans – who wish to leave permanently or have moved abroad – with this complex and often time-consuming process.
With the changes to the tax laws promulgated for the 2020 tax year, many South Africans working abroad are financially emigrating to ensure that they are not seen as a tax resident and therefore taxed on their foreign income earned.
It is important to note that financial emigration is a formal process with the South African Reserve Bank (SARB) whereby you change your tax status from “resident” to “non-resident” for exchange control purposes. It does not, however, affect your South African citizenship status.