{"id":10976,"date":"2017-04-14T09:00:49","date_gmt":"2017-04-14T13:00:49","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=10976"},"modified":"2020-08-17T12:32:38","modified_gmt":"2020-08-17T16:32:38","slug":"get-second-residency-citizens-south-africa","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/get-second-residency-citizens-south-africa\/","title":{"rendered":"How to get a Second Residency for Citizens of South Africa"},"content":{"rendered":"

Here\u2019s how to get a second residency for citizens of South Africa. If you\u2019re looking for an escape route from the current turmoil, or to move to a more business friendly country, this post on how to get a second residency for citizens of South Africa is a must read.<\/span><\/p>\n

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This article Is Intended For Citizens O<\/strong>f South Africa<\/strong>. <\/span><\/h2>\n

You must have a valid passport from the government of South Africa to apply for these residency programs. If you do not have a passport from South Africa (because you are not eligible for one or you\u2019re in refugee status), we do not have any options for you. <\/span><\/p>\n

The number of citizens of South Africa looking to move abroad has increased dramatically in the last few years. As South Africa\u2019s <\/span>political crisis<\/span><\/a> has intensified, and tens of thousands of people joined demonstrations across the country calling for Jacob Zuma to step down, those caught in the crossfire are looking for a solution. <\/span><\/p>\n

Fortunately, a passport from South Africa is a relatively powerful travel document. As of January 2018, <\/span>South African citizens<\/span><\/a> had visa-free or visa on arrival access to 100 countries and territories, ranking the South African passport 51st in terms of travel freedom<\/span><\/p>\n

More importantly, a passport from South Africa entitles you to residency in Panama under their <\/span>Friendly Nations<\/a> Reforestation Visa program<\/span>. This is the lowest cost and most efficient second residency program in the world and available only to those from top tier countries.<\/span><\/p>\n

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Citizens of South African can get residency in Panama with an investment of only $20,000.<\/b><\/h2>\n

This compares to an investment of $1.2 million required in\u00a0<\/span>Malta<\/a>,<\/span>\u00a0<\/span>$1 million in Bulgaria, and $500,000 in <\/span>St. Lucia<\/span>. This Panama<\/a> program is absolutely the best for those looking for an exit plan from South Africa.<\/span><\/p>\n

Panama is a business friendly country. It doesn\u2019t tax foreign source income, only local source income. So, if you\u2019re operating a grocery store in Panama, you pay tax in Panama. If your profits come from businesses and investments outside of Panama, you pay no tax to Panama. <\/span><\/p>\n

Also, if you operate a business from Panama that sells to foreigners, you pay no tax in Panama. For example, an internet marketing company in Panama selling products or services to customers in the US pays no tax in Panama. <\/span><\/p>\n

An investment of $20,000 into Panama\u2019s teak reforestation visa program<\/a> gets you residency. You can live and operate a business from Panama\u2026 and the visa covers you, your spouse, and your dependent children under 18 years of age. <\/span><\/p>\n