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Tax Emigration from South Africa:
Expert Guidance for Your Financial Freedom
What Is Tax Emigration?
Tax emigration is the process by which you change your tax residency status from South Africa to that of a non-resident. This step is crucial for ensuring that you are not taxed on your worldwide income by SARS and that your global assets are appropriately managed under your new country’s tax laws.
Unlike physical relocation, tax emigration involves addressing complex financial matters such as asset declarations, exit tax, and compliance with exchange control regulations. By undergoing tax emigration with Fin Select, you ensure that your earnings, investments, and retirement funds are optimised and legally protected.
Why Is Tax Emigration Important?
Since 1 March 2021, significant changes to the financial emigration process have increased the tax implications for South African expatriates. Completing the tax emigration process is essential to avoid liabilities such as double taxation on global income and restrictions on accessing retirement funds.
Benefits of Tax Emigration:
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Ensure you are not taxed on worldwide income in South Africa
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Access retirement annuities and preservation funds when needed
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Transfer inheritance and other funds abroad without excessive penalties
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Avoid future complications in estate planning or international investments
Our Tax Emigration Process
Embark on a streamlined tax emigration journey with Fin Select to achieve non-resident tax status and access your South African financial assets seamlessly.
1
Initial Registration & Consent
Contact us for a free quote on tax emigration. Our financial specialists will provide you with personalised advice based on your investments and individual circumstances.
2
Acceptance
Once you approve the quote, we will guide you through an online questionnaire to gather the necessary information and complete the required documentation.
3
Application
With your completed forms, we work with our registered tax practitioners and exchange control specialists to ensure compliance with SARS and the South African Reserve Bank.
4
Completion
Once your application is processed and funds are transferred to your international bank account, you will receive the final documentation confirming your non-resident status.
Why Trust Matters in Tax Emigration
When managing your life’s savings and investments, choosing the right partner is crucial. Our team brings decades of combined experience, deep understanding of tax legislation, and proven processes and systems to ensure your success. Our commitment to excellence has made us South Africa’s most trusted name in tax emigration.
Specialised cross-border financial services
Fin Select offers specialised financial services for South African individuals – including tax emigration, tax compliance, forex, fund transfers and more.
Our services focus on South Africans – both locally and abroad. With our intricate knowledge, accreditation, and affiliation, we can offer optimal rates and speedy service that’s fully compliant.
Register now
If you’d like to engage with a FinSelect representative, please follow the registration link below and we will be in touch as soon as possible.