Each South African resident taxpayer may avail themselves of their annual single Discretionary Allowance (R1 million) and/or Foreign Capital Allowance (R10 million) per calendar year, for direct offshore investment in foreign currency denominated assets.N.B. SARB Approvals are required for amounts greater than the annual
individual allowances of R11 million.We are able to assist you with the process of obtaining SARB Approvals
and Foreign Tax Clearance Certificates from SARS and can facilitate the Transfer of your funds at preferential exchange rates, so you save money on the exchange rates from your bank.
Foreign currency transfers for investment, property purchases or sales, estate late beneficiary payments as well an inward payments such as foreign earnings or inheritances.
•Tax Clearance Certificates and SARB Approvals
• Non-Resident Bank Accounts for Non SA Citizens
• Assistance with the full Financial Emigration Process
With our preferential exchange rates, careful timing and clever planning, you can make significant savings so your money goes further.
• We offer supportive treasury management solutions and facilitate import/export payments with interest-bearing settlement accounts.
•Benefit from specialist currency risk management advice and favourable terms for bespoke hedging strategies.
i.e. Forward Exchange Contracts, Options and Futures.
•You’ll receive rate watch alerts and automatic market orders to ensure that you never miss out on a favourable target rate.
• We’ll settle your invoices and handle all documentation, including your Balance of Payment (BoP) forms.
Please click on the below link to get started: