tax residency
Whether or not to financially emigrate depends entirely on your circumstances, the nature of your assets, and what you intend to achieve by undergoing the process. If you are unsure whether you are going to live and work permanently abroad,
Probate is a procedure whereby your South African-drafted Will is approved by the foreign legal authority as valid so that your foreign assets can be administered in that jurisdiction. It involves obtaining the necessary court authority in the foreign country
Once your financial emigration has been finalised, your South African bank account will be re-assigned for exchange control purposes as an emigrant’s capital account and will be subject to South African exchange control rules. The proceeds of the sale of
