Can South Africans get the Portugal golden visa, and how do they move €500,000 offshore for it?

Yes. South African citizens are eligible as third-country nationals. Residents may generally use the R1 million single discretionary allowance and, with SARS Approval International Transfer and a valid Tax Compliance Status PIN, the foreign capital allowance of up to R10 million per adult per calendar year. Transfers above the applicable allowance require an Authorised Dealer and possible SARB Financial Surveillance approval. Because €500,000 may exceed a person’s annual allowance depending on exchange rates, plan timing, ownership and any family transfers with a South African exchange-control and tax adviser. Keep the authorised-dealer record and complete bank trail. AIMA also requires a recent SAPS police clearance, properly apostilled, translated where needed, and investment evidence. From completed investment and filing to card, allow roughly 6-18 months, with no guaranteed deadline.

David Simões Fitas, Ordem dos Advogados 67185P