Transferring Your Funds Offshore
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.
Currency Partners can assist our clients with the process of obtaining foreign tax clearance from SARS and facilitate a currency transfer of your funds at preferential exchange rates, so you save money on the exchange rates from your bank.
Benefits and Services
Registration is free, only takes about 3-5 minutes and places you under no obligation afterward.