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Expatriate Services

No matter where in the world you live, if you are planning to emigrate or live and work as an expatriate, you will need good, reliable, cross-border emigration & financial planning advice.

Financial planning is reasonably straightforward and there is a huge array of professionals available who can guide you through your financial planning. However, when moving overseas, a new tax jurisdiction needs to be considered, you will likely leave assets or sources of income behind in your home country, therefore you will need to consider the cross-border implications.

We specialize in assisting clients who have immigrated or are planning to immigrate, we have offices in the UK, Europe, USA, Australia, and South Africa and provide EXPATRIATE SERVICES if you are planning or are moving between these locations.

Simply fill in our questionnaire below and one of our advisors will be in contact to guide you through this process.

Expatriate Questions
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Frequently asked questions

What is a structured note investment?

A structured note is a debt security issued by financial institutions. Its return is based on equity indexes, a single equity, a basket of equities, interest rates, commodities, or foreign currencies. ... The bond portion of the note takes up most of the investment and provides principal protection.

What is an offshore investment bond?

An offshore investment bond is an investment wrapper that can be used as an investment vehicle to control when you pay tax, how much you pay and whom you pay it to. ... Within an offshore investment bond, investments benefit from growth that is largely free of tax – often referred to as gross roll-up.

What are the immigrations rules set forth by SARS?

With the new regime comes a host of positive and negative changes, said Leon. “Positive is that the antiquated legislation around exchange control for the process is completely falling away. “However on the other hand, the tax treatment of the process will be more stringent with a focus on tax residency only, potentially making it more onerous to overcome the burden of proving non-resident status.” The following is falling away from the financial emigration process: SARB MP336(b) form and application; Requirement for an authorised dealer to attest the application; Requirement of SARB approval before conclusion of the application; and Archaic restrictions on bank accounts after they have been converted into non-resident accounts. The new financial emigration process will include: A focus from SARS specifically on tax residency in terms of the South African tax residency tests; The application for an Emigration Tax Clearance Certificate, with supporting documents to prove non-resident status; An “exit tax” calculation on worldwide assets, in terms of section 9H of the Income Tax Act; A stringent audit by the SARS auditors and potentially by the dedicated SARS Foreign Employment team; and Approval by SARS before any funds may be expatriated by an authorised dealer based on emigration. Tax residency Leon said that tax residency in South Africa is determined by two tests – namely, the ‘physical presence’ and the ‘ordinarily resident’ tests. “Many think that by merely not living in South Africa currently, they are therefore not tax resident of SA. This is an extreme over-simplification and has got many in trouble with SARS in the past. “Careful consideration of all aspects of both tests must be undertaken on an individual basis with a taxpayer, determining on a balance of probabilities whether they are able to overcome their burden of proving non-residency.” Leon said that South Africans should be cautious when rushing into making this declaration to SARS when this is not truthful, or provable with objective evidence. Even making a mistake these days can land one in hot water, especially after the amendment to the Tax Administration Act which removed the term “wilfully” when handling non-compliance. “This amendment has provided SARS with greater clout to hand over taxpayers for prosecution, when claiming negligence or a mistake”.

What is an investment platform?

An investment platform is essentially an online service which allows you to buy, sell and hold funds. It's possible for you to do this yourself directly on a non-advised basis via a D2C (direct to customer) platform, or on an advised basis using a financial adviser who will invest on your behalf.