Financial Emigration can be very demanding and time consuming. We understand this and our team will assist you through every step of the process from lodging your emigration with the relevant authorities to the withdrawal of your retirement products.
As an individual emigrant, you are allowed a Foreign Capital Allowance of up R 10 million per calendar year, while family units may transfer up to R 20 million per year. We will assist in the transaction of these assets in accordance with emigration regulations set up by the South African Reserve Bank (extract below):
Emigrants qualify for the following facilities:
- Foreign Capital Allowance – R10 million per adult per calendar year or R20 million per family unit per calendar year,
- A travel allowance of up to R1 million per adult and R200 000 per child under the age of 18 years. The travel allowance may not be accorded more than 60 days prior to departure; and
- export of household and personal effects, motor vehicles, caravans, trailers, motorcycles, stamps, coins, and minted gold bars (excluding coins that are legal tender in South Africa) within an overall insured value of R2 million