What-you-need-to-know-Auto-Assessment-on-Tax-Return-ft

NEWS | OPPORTUNE TIME FOR SOUTH AFRICANS TO EMIGRATE TO MAURITIUS

“Under the INVESTOR scheme granting an Occupation Permit (OP) – which lets you reside and open a business in Mauritius – has been halved from $100,000 (R1.7 million) to $50,000 (R870,000). This investment remains under your control, invested in your business, with only 500 USD  (R8500) as the processing fees for the OP. If you have an OP, you can bring your parents and spouse into Mauritius as dependents without having to obtain work permits for them. The permits have also been extended from three to 10 years,” says Wareley. “Other OP options include schemes such as “professionals”, self-employed, and retirees, aimed as further easing of living and working on the rainbow island” she adds.

Wareley  believes her company has seen a rise in the number of enquiries from South Africans who are considering moving to Mauritius. “Those looking to move to Mauritius have been pleased to learn that the process has become more affordable, streamlined, and attractive to residents, entrepreneurs and business owners,” says Wareley.

Favourable tax rates for residents of Mauritius

Lead Tax Advisory of the corporate limb of Temple Group, Vandana Boolell, and Lead Corporate Advisory , Aditi Boolell, say that Mauritius’ tax system is one of the most efficient and linear, with a maximum tax rate of 15%, and with exempted income of up to USD$15 000 (R261 000) per annum. They confirmed that there are tax benefits for South Africans moving to Mauritius.

“The effective tax rates for individuals are well below those applicable to South Africa and other countries. An important difference is that Mauritian residents are only taxed to the extent of the money that they bring into the country. Any global income that isn’t sent to Mauritius won’t be taxed by the Mauritius Revenue Authority,” says Vandana Boolell.

Other key tax benefits include no withholding taxes; no capital gains taxes on property sales, sales of shares, or assets; no taxes on dividends or income; and all income being repatriable, with no caps on FOREX and with no limit on tenure.

Attractive tax policies for entrepreneurs and businesses

Vandana Boolell says that there are a variety of tax as well as customs and duty benefits for companies operating out of Mauritius, with corporate tax being capped at 15% and the effective tax rates for companies being well below 15%.

“Freeport and export activity is capped at 3%, with export activity also being exempt from the country’s 15% VAT.  Mauritius also benefits from the various Free Trade Agreements like COMESA, SADC and CECPA, among others. Other incentives include tax holidays of up to eight years for companies in certain sectors, as well as headquarters of companies – under certain conditions – that move to Mauritius. Favourable tax policies and the newly announced relaxed immigration requirements means that it now makes more financial sense for South African businesses to set up shop in Mauritius,” concludes Vandana Boolell.

AUTHOR

Tarissa Wareley - Immigration Specialist
Tarissa Wareley
Immigration Specialist

Chinese-Corporates-in-SA-ft

NEWS | CHINESE CORPORATES IN SOUTH AFRICA: CORPORATE VISA KEY FOR EMPLOYING LARGE GROUPS OF EXPATS ON PROJECTS

China imports roughly $4bn worth of minerals, ores, and metals every month according to data from Trading Economics and 85% of South African exports to China are precious metals and minerals. The South African Immigration Act plays a massive role in facilitating this foreign investment by allowing the employment of foreign labour and enabling the entry of exceptionally skilled or qualified people from China. This includes large groups of resources required to support project from construction to energy, natural resources to manufacturing.

The Corporate visa is the best and most efficient approach for Chinese corporate companies to follow as it addresses the group of expatriates, rather than attending to each application individually. It is issued to a South African registered company or branch and offers the possibility to employ great numbers of employees from abroad, all under the scope of one application. The process includes, applying to the Department of Labour and the Department of Trade and Industry respectively to support the application.  The assessment by these departments includes taking into consideration the contributions  that the company has made to the community, the number of South African employees and other motivations that you may provide which will be used to support the application. Upon completion of this process, the application is then submitted to the Department of Home Affairs for final approval and issuing of the Corporate Visas.

The law clearly places responsibility on the employer to comply with the relevant legislation and thus holds the employer liable for non-compliance. The employer is responsible to ensure that they, as an organization, adhere to the regulations and legislation when employing a foreign national as per the Immigration Act of 2002, as amended (The Act).

The Act in Section 38 stipulates as follows –

“No person shall employ –

  1. An illegal foreigner;
  2. A foreigner whose status does not authorise him or her to be employed by such person; or
  3. A foreigner on terms, conditions or in a capacity different from those contemplated in such foreigner’s status.”

A Corporate visa helps companies to manage their workforce and staffing needs and the visa is issued for a period not exceeding three years. Once the Corporate visa has been obtained, the individual candidates may then proceed to apply for their visas endorsed in each employee’s passport. Individuals who are currently in possession of a valid temporary residence visa (not visitor’s visa), may apply in South Africa at the nearest VFS and those who do not have a visa, will be required to apply in their home country at the South African High Commission or Embassy.

 
AUTHOR
Lerato Mahupela - Immigration Specialist

Lerato Mahupela
Immigration Specialist

 

Impact-of-the-COVID-19-Pandemic-on-the-Immigration-Industry-XP

NEWS | THE IMPACT OF THE COVID-19 PANDEMIC ON THE IMMIGRATION INDUSTRY

Tarissa Wareley, an Immigration Specialist at Xpatweb, says some of the issues the Africa Permit Impact Survey aims to measure how many people are grounded either in or outside an African country that they work in due to the pandemic, which market sectors have been impacted the most, and how the government immigration departments of various African countries are affected by increased or reduced VISA and work permit applications.

“Many people have found themselves stuck either in an African country or outside the relevant African country they need to be in for work, either with or without current employment and with visas and passports that are about to expire.  The most pressing need is to find out how many international workers are affected across Africa. The intention is to provide this information to the government so that they can prepare for a potential influx of applications once travel restrictions lift,” says Wareley.

Preparing for a spike in work permit and visa applications

The survey is being distributed to multi-national companies with operations in Africa who specifically employ overseas workers for both short and long term assignments.

“Once the survey is complete, we could potentially show different countries’ immigration departments what type of spike in work permit and visa applications they can expect. Xpatweb hopes to help these departments find a way to streamline these applications and get people into the countries they need to be in for work as efficiently as possible,” says Wareley.

Wareley says some African countries’ immigration services are still open, with many of them still processing work permits but not visas. The processing time of these applications remains very slow due to Covid 19. However, Wareley’s team anticipate receiving an outcome as soon as the Immigration Authorities resume their activities in full.

“Many countries still offer limited immigration services. Work permits, which are needed before a visa application can be done, can be completed in most countries during the lockdown. With this first step complete, workers’ visa applications can be processed as soon as restrictions lift,” says Wareley.

Companies urged to be proactive about employee worker and visa applications

For many foreign workers, work permit and visa applications are often a rushed administrative task that happens at the last minute. Wareley says companies will have to be more proactive about applications to avoid bottlenecks that will likely exist at many immigration departments after lockdown. She also added that, she highly recommends for all the paperwork to be prepared whilst waiting for the travel restrictions to be lifted. This will allow us to be amongst the first applicants after lockdown.

“Many African infrastructure projects, such as those in the oil and gas sector, for example, have been put on hold due to Covid-19.   Making sure that companies have the right people to get projects back up and running as soon as possible is a top priority for both the public and private sectors.

A proactive approach will ensure companies who employ internationally and their staff avoid waiting and headaches down the line. Apply for work permits and visas well in advance so that people are allowed to enter the country as quickly as possible,” concludes Wareley.


AUTHOR
Tarissa Wareley - Immigration Specialist
Tarissa Wareley
Immigration Specialist

Do You Require A Letter Of Admissibility To Leave South Africa

NEWS | DO YOU REQUIRE A LETTER OF ADMISSIBILITY TO LEAVE SOUTH AFRICA?

The good news is that, in some countries, the Immigration Authorities are allowing residents, work permit holders and foreign spouses to travel back and execute their duties and to reunite with their families provided that they have all the requirements in order.

Our team has discussed with the Immigration Authorities for various countries on the requirements to enter on this basis and has received positive feedback from the relevant officials who are willing to provide letters of admissibility to allow entry for the above categories.

We confirm that, our team have already successfully assisted applicants to obtain letters of admissibility to enter the below countries:

Zambia
Tanzania
Namibia
Zimbabwe
Croatia
Cyprus
Sweden
Germany
Italy
Australia
United Kingdom
Singapore
South Korea
UAE
Saudi Arabia

COVID-19-Schengen-Immigration-Update

NEWS | COVID-19: SCHENGEN IMMIGRATION UPDATE FOR SEAFARERS AND SUPERYACHT CREW

Impact on Schengen Visas and Immigration

The impact has not only been felt by seafarers but on how Europe functions as a society. Immigration has come to a standstill with a lot of uncertainty arising around existing visas and ongoing visa applications.

Specifically, COVID-19 restrictions in Europe impacted procedures to apply for and obtain residence and work permits, as government offices reduced their services or closed during the past few months. Moreover, economic uncertainty related to the pandemic may have an impact on the demand for work permits.

However, the Immigration Authorities in most European countries advised that all visas or permits that expired or are expiring during lockdown will be extended until further notice from the relevant governments.

Securing Your Home Port – Embassy Update

Visa application centres across the board remain closed due to the COVID-19 pandemic. However, those who can extend their status in a country are encouraged to lodge their applications as soon as possible to avoid the foreseeable backlog and wait for an available appointment when the application centres re-open.

Please note that one’s immigration status will not be negatively affected as a result of them not being able to attend an appointment. The extensions dates, however, will be confirmed by government which may vary depending on the country.

Foreign embassies and missions are currently closed until further notice. However, depending on the country, the embassy and consulate may be reached by telephone or email.

What Next for Seafarers Grounded Ashore with Valid Visas

Across Europe, lockdown measures are now being lifted cautiously in phases. As part of these phases, businesses in Europe and the education section were one of the first to reopen and resume. Other restrictions have been relaxed, and people are now able to travel for longer distances, as well as visit their relatives in small numbers. Travel between regions and to and from each country will be allowed from the first week of June.

Holders of work and residence permits in Schengen areas might be allowed to leave their home country to resume their work duties or for family reunification purposes, however, there is a special application process to complete prior making travel plans. This differs depending on the destination.

Navigating the Storm – Seafarers Waiting for Visas to Travel to the Schengen Area

Obtaining a seaman visa for a Schengen area under normal circumstances is already an administrative burden and a complex process. Seafarers are required to submit their Schengen visas prior their departure to the Schengen area and oftentimes, having a valid Schengen Visa is a pre-requisite to securing employment onboard vessels.

As such, it is strongly recommended that you utilise this time in lockdown to prepare your visa application whilst you await the reopening of visa application centres. In addition, applicants who provided their biometrics in the last 5 years do not have to be present when submitting their applications and may qualify for a longer duration validity visa depending on their visa history in the Schengen Visa zones.

We recommend you have a worthy visa specialist at your side when dealing with a seaman visa application, as they can ensure you fully meet all requirements and help you avoid common pitfalls that lead to a rejected visa.