Believe it or not: the most common angst associated withemigrating from South Africa? Do I lose my South African citizenship? The short answer is NO! No you don’t and no you won’t – unless you choose to. Who would make such a choice?
Another common misunderstanding amongst South African expats:“I first need to qualify for citizenship in my new home country before I can cash-in my South African policies!” The answer to which is? Wrong!
See, things work like this. You’re legally allowed to cash-in your South African policies before generally accepted retirement age of 55 – the consequence of which is (financial) emigration. And when you emigrate? You do NOT forsake or endanger your birthright, citizenship or right to a South African passport.
It gets even better. As a South African you are allowed to hold dual citizenship as long as you apply for and receive permission to retain your South African citizenship before acquiring citizenship of another country. Simple as that!
For the past 10 years already, South African dual citizens may travel without hindrance as long as they enter and leave South Africa on their South African passports – which is not too much to ask!
The moral of the story? For South African expats, both financial emigration and dual citizenship hold only long-term international benefits and, is on all accounts, the right thing to…
With nothing to worry about, isn’t it time to get the ball rolling, to look into emigrating and becoming a Global Citizen of the World?
Send us a message
Leave your details below including a short message and a financial consultant will contact you.
Licensed South African Financial Services Provider FSP # 42872