Financial emigration is the formal process of informing the South African Revenue Service (SARS) that you are no longer a tax resident. It’s a critical step for South Africans who have permanently moved abroad and want to avoid being taxed on worldwide income in South Africa. But before you can officially “cut tax ties” with SARS, there are specific documents you’ll need, and a few important processes to follow.
Here’s a simple guide to the documents required for financial emigration and how Apostil.co.za can help you get them.
What is financial emigration?
Financial emigration, also known as tax emigration, is the process of changing your status from “resident” to “non-resident” for tax purposes in South Africa. This does not affect your citizenship, your ability to hold a South African passport, or your right to own property in South Africa, it only changes how and where you’re taxed.
Once your status has been changed, you’ll only be taxed in South Africa on income that is earned in South Africa, and no longer on your global income.
Why financial emigration matters
- Avoid double taxation: As a non-resident, you won’t be taxed in SA on income you earn in your new country.
- Access retirement funds: You can access and withdraw retirement annuities after emigration (subject to tax).
- Compliance: Ensures you’re fully compliant with South African tax laws and exchange control regulations.
Key documents you need for financial emigration
To successfully complete the process, you will need several official documents. The requirements may vary depending on your situation, but generally, the following are essential:
1. Tax clearance certificate (TCS – Emigration)
Issued by SARS, this confirms that your tax affairs are in order. It’s a non-negotiable step in the financial emigration process.
2. Proof of non-residency
This includes documents that show you have permanently moved abroad—such as a foreign visa, residency permit, or employment contract in your new country.
3. Certified copy of your passport
Your South African passport must be certified by a Commissioner of Oaths or a Notary Public.
4. South African ID (green barcoded or smart ID card)
A copy of your SA ID is required for identity verification purposes.
5. Proof of foreign address
This can be a utility bill, bank statement, lease agreement, or other official document in your name.
6. Retirement annuity information (if applicable)
If you intend to withdraw your retirement annuity after emigration, you’ll need policy numbers and relevant supporting documents from your financial institution.
7. Power of attorney (if someone is applying on your behalf)
If you are not in South Africa and someone is managing the process for you, you’ll need to provide a signed power of attorney document.
How Apostil.co.za can help
Getting all of these documents in place—especially from overseas—can be challenging. That’s where we come in.
At Apostil.co.za, we assist South Africans around the world with:
- Obtaining tax clearance certificates from SARS
- Certifying documents through notarisation or apostilles (if required)
- Collecting unabridged birth and marriage certificates from Home Affairs
- Drafting and authenticating powers of attorney
- Providing sworn translations of required documents
- Delivering all your documents to you or your representative, worldwide
We understand the urgency and precision required in financial emigration cases, and we make the process stress-free and efficient.
Timeframes and delivery
Most of the documents listed above can be obtained and delivered in 2 to 6 weeks, depending on the type of document and your personal circumstances.
Some documents, such as tax clearances or powers of attorney, can be processed relatively quickly, while others – like unabridged certificates from Home Affairs – may take slightly longer. We’ll keep you updated throughout the process.
Final thoughts
Financial emigration is a big step, but with the right documents in hand, it doesn’t have to be a frustrating one. By gathering your paperwork in advance and working with a professional service provider like Apostil.co.za, you can ensure a smooth and legal exit from the South African tax system.