Emigration: The costs of leaving South Africa
The decision to emigrate to a foreign country is never one taken lightly. From a financial planning perspective, there is an enormous amount of work that needs to be done to ensure a smooth financial transition.
Unanticipated and hidden costs associated with your intended move – compounded by the currency conversion – can throw your plans off-kilter.
Here are some not-so-obvious costs that you may want to consider before deciding on emigration.
Scouting costs
Before making the life-changing decision of relocating permanently to a foreign country, you will likely visit the country first to do some scouting around, set up some interviews, investigate the business and/or work opportunities, visit schools and get a general feel for the country. You will need to take into account the costs of flights, tourist visas, hotel accommodation as well as the increased cost of living while you are there.
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