Private individuals formally emigrating out of South Africa may move the following amounts out of the country on their Emigration Allowance:

R2 Million per adult or R4 Million per family unit

You may also take out personal goods up to the value of R1 Million.

The South African Reserve Bank will consider, on application and if clients are emigrating, amounts greater than the above subject to a 10% exit levy.

Exchange4free offer our clients wishing to emigrate out of SA the easiest, cheapest and fastest solution to dealing effectively with your emigration needs. We will open a personal bank account in your name with our authorised dealer bank from where we will submit all required documentation. Clients will be able to save both time and money by using the structure offered by Exchange4free. We require the following from clients in order to be able to open an account to facilitate emigration out of South Africa through our authorised dealer bank:

• Certified SA Bar Coded ID
• Certified Proof of Address (utility bill or bank statement no older than 3 months)
• Completed bank account opening form

Clients wishing to emigrate will need to go into their bank and formally declare their intention to emigrate out of South Africa.

You will need to complete various forms applying for ‘emigration facilities’ that your bank will provide you with and once you formally declare your intention to leave South Africa then your South African assets will be frozen and fall under the control of your bank.