Andrew Henderson says South Africa is becoming one of the latest countries in taxing its expats thus South Africans can use the financial emigration to avoid paying taxes overseas.
Financial Emigration offers a bespoke service to individuals wishing to terminate their tax residency status with the South African Revenue Service (“SARS”) as well as their status as exchange control resident with the South African Reserve Bank (“SARB”).
Andrew Henderson said South Africans can evade paying taxes overseas through contacting the Nomad Capitalist team one of the world most sought expects on legal offshore tax strategies, investment immigration and global citizenship.
Henderson said the process financial emigration takes some months to complete hence people should start the process while they still have time.
He said the government is implementing stringent measures in terminating tax residency status.