Some of the more affordable emigration options.
While there has been a huge outflow of wealthy South Africans to countries like Canada, Australia, the UK and the US, many are opting to stay in South Africa – but have a Plan B as insurance.
According to Amanda Smit, managing partner of Henley & Partners in South Africa, the top two residence programmes the firm assists South Africans with are those offered by Malta and Portugal.The benefits of the Malta programme include residence in any European Union country and visa-free travel within Europe’s Schengen Area. A successful candidate can stay indefinitely in Malta, and family members are included.
“The application ends with citizenship in about 16 to 18 months’ time, there is a very low stay requirement, no language requirement, and it extends to the family members. So [for those with sufficient funds], the benefits outweigh the investment requirement,” says Smit.The future of the Portuguese residence permit had been uncertain, but there is finally clarity. The permit and its benefits remain.
“All the Caribbean countries have strong passports, which means you get dual citizenship, and you have access to all the countries in Europe and some more,” says Smit.
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