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Tag Archive for Emigrating Out Of South Africa

Emigrating Out Of South Africa To The U.S. Or Another Country?

Hugo van Zyl - Emigrating Out Of South Africa To The United States

Formal or financial emigration is the process to formally change your exchange control status from resident to non-resident. It is also sometimes known as Excon Exit.

Financial emigration will not affect a South African’s right to retain their South African citizenship or dual citizenship. It is thus a purely financial process.

Following financial emigration from South Africa, a person can remain tax resident in SA, based on the time spent in the country and subject to the double taxation agreement (DTA) in which the person will be living in future.

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