Offshore Investments FX

Sending money overseas? Repatriating funds? We offer the best rates for your forex transactions.
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Our 2023 track record: R300 bn FX traded | 45 000+ FX deals confirmed  | 17 000+ FX settlements


WHAT THE LAW ALLOWS

  • Discretionary Allowance: Each individual over 18 years of age with a South African ID has R1 million discretionary allowance per calendar year. This can be used for travel, gifts, offshore spending or investments. This allowance resets on the 1st of January each year.
  • Investment Allowance: Over and above your R1 million discretionary allowance, you may externalise a further R10 million per person with the approval of a Tax Clearance from SARS.At no additional cost TreasuryONE assists in obtaining tax clearance certificates. (*Note: You may be able to transfer investments larger than 11 million, subject to further SARS approval)
  • Repatriating Funds: When bringing funds back into South Africa, using the correct registration of your funds, the amount repatriated may be taken out any time later again, without needing Tax Clearance or affecting your allowances – often a valuable reserve to have.
  •  Funds in / Funds out: We can do back-to-back transactions where funds have to flow back from one source and be taken out to another source. Instead of needing to sell all your forex and buy it back again, paying margin and cost on both transactions, doing a back-to-back transaction reduces your cost by half, and settlement can happen simultaneously.
  • Other Payments: Invoices and tuition payments are also easily done and, in some cases may not need to come off your allowance, leaving your allowance available for any other transactions you may need done.

THE PROCESS

WHY CHOOSE US?

  • Better Rates: We consistently secure better rates and charges than your local banks.
  • Market Insight: We provide insight into market sentiment and views on current and future rates.
  • Expertise: Our expert dealer and operations staff will guide you through the complexities.
  • Fees Included: For amounts greater than R100 000, all local transfer costs and fees are included.
  • SARB Approval: We can help you secure SARS tax clearance and/or SARB approval.
  • Simple Administration: Administration is simple and efficient with our dedicated operations team.

READY TO EXPERIENCE WORLD CLASS SERVICE 

Find out how we can help you achieve better rates

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