As a South African - living in the country or abroad - you are afforded annual allowances designed to transfer money offshore without having to go through the financial emigration process.
Foreign Investment Allowance (FIA) - R4million per adult, per annum - tax clearance certificate required.
Discretionary Allowance (DA) - R1million per adult, per annum - no tax clearance required. Available to all residents and non-residents in the calendar year you leave the country.
Terms and Conditions:
All transfers out of South Africa are subject to exchange control. These regulations are governed by the South African Reserve Bank and a breach is deemed a criminal offence.
For more information on personal allowances, offshore funds transfer; forex and associated banking solutions let one of our advisers call you
cashkows.com is an authorised Financial Services Provider regulated by the South African Financial Services Board. FSP # 42872. Approved South African Reserve Bank foreign exchange intermediary. Internationally Accredited PPS Advisor.
please call me
Licensed South African Financial Services Provider FSP # 42872 | cashkows.com | © 2014
- please read through it to ensure that you are aware of and accept the amendments.