Regardless of the part of the world you’re heading to from South Africa, you can move up to ZAR10M offshore annually, to comfortably cater for your everyday needs, just like you would back home. You can also transfer your retirement annuities, investments, and pension funds in a safe and secure manner. This is made possible by finglobal.com, of South Africas’ leading financial migration service provider. Your money doesn’t have to sit in South Africa if you are starting out in Canada, or any other country for that matter.
Getting informed about financial migration
Financial migration may seem like a straightforward process, but it is in reality, quite complicated. It requires patience and a clear understanding of not just how the South African Reserve Bank operates, but how the high street banks and insurance companies work as well. The hassle that comes with the process can be quite overwhelming; however, the benefits you get to enjoy thereafter are much more significant. This is why it’s important to look into ways to move your financial assets once you have acquired residency in a new country.
Being smart in pursuing financial freedom
There are a number of assets you can move swiftly through financial migration services. These include but are not limited to:
- Retirement annuities
- Orphaned policies
- Pensions and pension funds
- Preservation funds
Still, the move has to be done smartly, or else you may end up spending more than is necessary, and in some cases, failing to achieve the specific objective. Accordingly, strive to look into the overall costs upfront and evaluate the security of the procedure. The time taken for the transfer to complete may also vary from one case to the next; so it is essential that you are informed on how long it will take before your financial migration starts.
To sum it up, South African law allows you to legally transfer both your funds and financial assets to the country you relocate to. This implies that even when you go to live and work in a foreign country, you will still have full rights and access to what you own as a citizen. Thus, even though you may encounter difficulties as you seek to change your residence status, you should take solace in the fact that you can make use of the resources you currently have to resettle with minimum hassle.
If you require more information about financial emigration, let us call you.
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