This tiny European island is home to a thousand rich South Africans

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Wed, March 12, 2025

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This tiny European island is home to a thousand rich South Africans

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What every investor needs to know as the stock market sells off

This tiny European island is home to a thousand rich South Africans

^{Published on 2025-03-12 01:40:51 - BusinessTech}

A small island in the Irish Sea is already home to over a thousand South Africans, and it is looking to attract more people from the country.

The article from BusinessTech discusses how the tiny European island of Guernsey has become a haven for wealthy South Africans, with around a thousand of them calling it home. Guernsey, part of the Channel Islands, offers a favorable tax regime, including no wealth tax, no capital gains tax, and no inheritance tax, which makes it attractive for affluent individuals looking to manage their finances more efficiently. The island's stable political environment, high quality of life, and its status as a financial center also contribute to its appeal. Many South Africans have moved there to escape the economic and political uncertainties in South Africa, seeking a more secure environment for their wealth and families. The article highlights the lifestyle benefits, the community of South Africans that has formed, and the ease of doing business from Guernsey, which has become a significant draw for those looking to relocate.

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/lifestyle/815835/this-tiny-european-island-is-home-to-a-thousand-rich-south-africans/ ]

N@N

This tiny European island is home to a thousand rich South Africans