Your bank fee of approximately R 1500 for your ECA application is included in your Emigration fee. The application can take up to 8 weeks. You must declare ALL your South African assets to the bank, for any proceeds from the sales of assets to be repatriated aboard, at any stage.
The Revenue Service
Your tax account must be up-to-date before you can apply for financial emigration. This means no outstanding returns or monies owing to SARS.
It can take up to 6 months to complete your financial emigration from the date we receive your documentation at our South African processing office.
Documents required for your financial emigration:
• MP336(b) Exchange Control form
• SARS IT21(a) Tax Clearance Certificate (if required)
• Application form
• Bank account opening forms