Investing or sending money abroad?

R10M Foreign Investment Allowance:

From 1 April 2015 Exchange control regulations allow clients to move R10 Million per tax paying adult out of South Africa each year as part of their Foreign Investment Allowance.

Foreign Investment Allowance funds can be invested into offshore investment portfolios, property, bank accounts or any other investments.

Private individuals may utilize the below Foreign Investment Allowance per calendar year:
(R 10,000,000 per adult - SARS Tax Clearance Required (we assist with obtaining SARS tax clearances for FREE within 3-5 days)

Hope this bit of information may help you!
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