{"id":737879,"date":"2023-12-30T17:00:27","date_gmt":"2023-12-30T15:00:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=737879"},"modified":"2023-12-29T07:18:59","modified_gmt":"2023-12-29T05:18:59","slug":"how-much-it-costs-to-pay-your-way-out-of-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/737879\/how-much-it-costs-to-pay-your-way-out-of-south-africa\/","title":{"rendered":"How much it costs to ‘pay your way’ out of South Africa"},"content":{"rendered":"\n

Load shedding, crumbling service delivery, and political uncertainty have rocked South Africa’s economy in 2023, and the reality is that many South Africans – especially those who can afford it – are looking elsewhere to live and raise a family. <\/p>\n\n\n\n

According to Sable International, there are over 100 countries where South Africans can get a second passport or residency by investing in them, and this adventure is very attractive for South Africa’s thriving community of high net-worth individuals (HNWIs). <\/p>\n\n\n\n

Residence by investment programmes offers HNWIs the chance to gain residency or citizenship by making significant financial investments. <\/p>\n\n\n\n

This not only provides a safety net in uncertain times but also unlocks access to international business networks and diverse investment landscapes. <\/p>\n\n\n\n

While the costs involved and the types of programmes vary considerably, Sable International notes that price is one factor, and the country that is ultimately right for you also depends on the size of your family, whether you want to leave South Africa permanently, the period required to stay in the applied country, and application turnaround time. <\/p>\n\n\n\n

Citizenship by investment often requires the most amount of investment than other avenues and, therefore, we looked at the cheapest way to live in another country \u2013 which is through residence by investment.<\/p>\n\n\n\n

Some of the most popular destinations through residence by investment for many HNWIs, as outlined by Henley & Partners and Sable International, are listed below with the various requirements needed. <\/p>\n\n\n\n

\n\n\n\n

Grenada<\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>No<\/td><\/tr>
Family that may be included<\/td>Spouse, children, financially dependent adult children up to the age of 29, financially dependent parents and grandparents, and single siblings with no children.<\/td><\/tr>
Timeline<\/td>6 to 8 months<\/td><\/tr>
Minimum investment amount<\/td>$150,000 NTF government donation or $220,000 real estate investment and $50,000 government contribution<\/td><\/tr>
Minimum stay requirements<\/td>None<\/td><\/tr>
Total<\/strong><\/td>Between R2.84 million <\/strong>to R5.1 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Portugal<\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>No<\/td><\/tr>
Family that may be included<\/td>Spouse, children, unmarried financially dependant adult children who are enrolled in full-time education, and dependent parents\/parents-in-law<\/td><\/tr>
Timeline<\/td>18 months until first temporary residency visa is granted, seven to eight years until citizenship<\/td><\/tr>
Minimum investment amount<\/td>\u20ac280,000, \u20ac350,000 and \u20ac500,000 real estate investment categories or \u20ac500,000 private equity fund<\/td><\/tr>
Minimum stay requirements<\/td>18 months until the first temporary residency visa is granted, seven to eight years until citizenship<\/td><\/tr>
Total<\/strong><\/td>Between R5.7 million <\/strong>to R10.2 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Ireland<\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>Not required to maintain Stamp 4 permanent residency. Yes, if you wish to apply for citizenship.<\/td><\/tr>
Family that may be included<\/td>Spouse, children, unmarried financially dependent adult children up to the age of 24 who are enrolled in full-time education<\/td><\/tr>
Timeline<\/td>One day per year to maintain residency. For citizenship, at least half of the minimum five-year period must be spent living in Ireland, and the 12 months prior to a citizenship application must be spent in Ireland.<\/td><\/tr>
Minimum investment amount<\/td>\u20ac500,000 endowment, or \u20ac1 million enterprise investment, or \u20ac1 million investment fund, or \u20ac2 million real estate investment trust (REIT).<\/td><\/tr>
Minimum stay requirements<\/td>One day per year to maintain residency. For citizenship, at least half of the minimum five-year period must be spent living in Ireland and the 12 months prior to a citizenship application must be spent in Ireland.<\/td><\/tr>
Total:<\/strong><\/td>Between R10.2 million<\/strong> and R40.8 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Malta<\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>No<\/td><\/tr>
Family that may be included<\/td>Spouse, children, unmarried financially dependent adult children under the age of 29, and financially dependent parents and grandparents above 55 years of age<\/td><\/tr>
Timeline<\/td>2 months<\/td><\/tr>
Minimum investment amount<\/td>Only \u20ac100,000 and real estate purchase or five-year property lease. However, the main applicant is required to possess capital\/assets of not less than \u20ac500,000, of which \u20ac150,000 must be in financial assets.<\/td><\/tr>
Minimum stay requirements<\/td>None<\/td><\/tr>
Total<\/strong><\/td>R12.6 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Mauritius<\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>No<\/td><\/tr>
Family that may be included<\/td>Spouses or partners, parents, and unmarried, financially dependent children (including stepchildren and adopted children) of any age who are not gainfully occupied.<\/td><\/tr>
Timeline<\/td>6 to 8 months<\/td><\/tr>
Minimum investment amount<\/td>Minimum real estate investment of $375,000.<\/td><\/tr>
Minimum stay requirements<\/td>At least 183 days in that income year.<\/td><\/tr>
Total<\/strong><\/td>R7.1 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

United Arab Emirates <\/strong><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Factors<\/th><\/th><\/tr>
Relocation required<\/td>No<\/td><\/tr>
Family that may be included<\/td>Spouse and children under the age of 18<\/td><\/tr>
Timeline<\/td>6 to 8 months<\/td><\/tr>
Minimum investment amount<\/td>Minimum investment of AED 2 million (approximately $550,000)<\/td><\/tr>
Minimum stay requirements<\/td>one day every 180 days<\/td><\/tr>
Total<\/strong><\/td>R10.4 million<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Read: 7 in-demand jobs and what they pay \u2013 with one paying over R900,000 per annum<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are some popular destinations for those looking to invest and raise a family outside of South Africa.<\/p>\n","protected":false},"author":10,"featured_media":737963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[10004,853],"class_list":["post-737879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-henley-partners","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/737879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=737879"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/737879\/revisions"}],"predecessor-version":[{"id":738063,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/737879\/revisions\/738063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/737963"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=737879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=737879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=737879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}