Many South Africans consider emigrating without fully understanding their options or relying on unreliable information. As your financial advisor, we advise to take a measured approach and gather all the available information before making any life-changing decisions.
Even if you’re planning to emigrate several years from now, it’s important to start planning early. You have the opportunity to externalize your funds using the Special Discretionary Allowance and Foreign Investment Allowance, provided you have tax clearance from the South African Revenue Service (SARS). Planning in advance gives you the advantage of time.
We’ve recently seen a significant increase in the number of South Africans interested in emigrating. Choosing the right country to emigrate to can be overwhelming, especially when dealing with agents who focus on specific destinations like Mauritius, Canada, or Australia. To address this information gap, we are here to help clients navigate the path to global citizenship through immigration, studying abroad, business migration, or other options.
We offer a detailed questionnaire to clients, and based on their responses, we provide a customized report that outlines different options and matches their goals and current cost of living to specific destinations. It’s a fantastic tool for understanding the available options for South Africans who want to emigrate, and our consultants are here to guide you through the best choices.
Emigrating is not just about the physical act itself; it’s about building a lifelong relationship with our clients to support them in their journey toward international wealth. We aim to assist you not only with emigration but also with building a secure financial future.
We can also help you compare the cost of living in South Africa to that of other countries. By analyzing your expenses and making comparisons, we can give you an idea of what you would need to earn to maintain your desired lifestyle.
Protecting your wealth in international terms is another important consideration. Even if you’re not ready to move overseas, it’s wise to have a safety net in place. We focus on stable, first-world economies to enhance your family’s long-term security.
Remember, planning for the future is essential, and it’s never too early to start. Followed by a detailed consultation, we offer a full-scale assessment of your current circumstances and goals and provide you with a roadmap that is flexible, long-term, and logical. It outlines the costs and timelines to achieve your goals.
Let’s work together to make informed decisions and navigate the emigration process successfully. Feel free to reach out to discuss your options and start planning for your future today.
Source article:
https://www.moneyweb.co.za/investing/offshore-investing/if-youre-planning-on-moving-abroad-at-some-point-in-the-future-start-planning-now/
