Emigration Allowance
South Africans wanting to emigrate from South Africa can do so now by making application to South African Reserve Bank (SARB) and completing form MP336, and then may externalize all of their assets. All remaining assets in South Africa are then controlled by way of a blocked rand account.
Many South African leave South Africa to live in Australia, New Zealand, United Kingdom, Canada etc but do not formally emigrate. From a South African Reserve Bank point of view a South African has either emigrated and therefore made application to SARB, or is what is known as South African Resident Temporarily Abroad.
FX Capital works with some expert tax and emigration consultants.
Contact us for an assessment of the options available to you.