South Africa maintains a regulatory framework of exchange control governing South African residents and, to a much lesser extent, non-resident visitors.
Inward Bound Foreign Investment
We provide assistance with any investment of foreign currency into South Africa. This relates to all aspects of advice including the most desirable entities. This is done in a manner that facilitates the easy repatriation of dividends, interest, royalties and capital. We also offer tax advice as part of the comprehensive service.
Outward Bound Foreign Investment
Currently the individual foreign investment allowance provides for tax compliant SA resident individuals, 18 years and older to transfer an amount of R4m offshore. We assist with all aspects of this investment facility.
South African corporates have generous allowances to invest in operating companies abroad where there are benefits to South Africa. We advise and assist with all aspects of the required documentation.
Prospective emigrants may obtain highly specialised advice with regard to the tax and exchange control implications of relocation.
We maintain a strong relationship with many of the Authorised Dealers and the South African Reserve Bank.
Through negotiation, we are able to manage the regularisation of clients’ alleged contraventions of exchange control.