Financial Emigration: Should I stay, or should I go?
Whether working abroad or still hunting for jobs overseas, the possibility of a financial emigration always hits centre stage at some point.
Whether working abroad or still hunting for jobs overseas, the possibility of a financial emigration always hits centre stage at some point.
There is an alarming number of South African expatriates relying on the ‘tick-box’ approach to cease their tax residency. Alternatively, others assume that they are no longer tax residents because they reside outside South Africa or do not maintain assets in South Africa. These misconceptions flow from the shady advice that expatriates continue to receive.
In search for opportunities abroad, many South Africans have taken to the seas. It might not be the same as working in a new country, but it offers a change of scenery while earning a foreign income.