Record number of South Africans applying for EU passport amid tax hike fears

Pedro Gonçalves
clock
Record number of South Africans applying for EU passport amid tax hike fears

Tax changes to come into effect in March 2020 are driving record numbers of citizens to apply for second European Union passports by way of investment, with Cyprus, Greece, Malta and Portugal experiencing a jump in applicants, immigration firm Xpatweb said. The immigration firm saw a 364% increase, since 2018, in the number of South Africans applying for second European Union passports by way of investments. "With the pending tax changes in South Africa due to be enforced from 1st March...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login