Understanding the process of submitting an exchange control application to the South African Reserve Bank is a formality and a crucial step for individuals and corporations engaging in cross-border transfers….
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Exchange control regulations are crucial for managing a country’s foreign exchange reserves and ensuring economic stability. In South Africa, violating these regulations can lead to severe legal and financial consequences…
Moving money across international borders can be a complex dance, especially when it comes to paying for services rendered. Exchange control regulations can get complicated, fast! To avoid confusion, we’ve…
The idea of receiving a windfall via inheritance from South Africa is great, in theory. Until you get to the practical part and you have to deal with the paperwork…
Packing your belongings for a new chapter abroad? How exciting! When you emigrate, it can feel like an extra hurdle having to navigate the world of exchange control regulations on…
Historically loop structures were not permitted in terms of the South African exchange control regulations. In terms of Exchange Control Regulation 10(1)(c), such transactions (or series of transactions) in which…
Trusts have been used in South Africa since the 1800s, and became a popular way to manage assets, given that they offered a variety of benefits including asset protection, tax…
When planning your emigration, you’ve probably already considered things like relocating your pets, moving your furniture, packing your belongings and shipping your artwork. But when it comes to your financial…
The Minister of Finance and the South African Reserve Bank (SARB) have been hard at work these past few years modernising exchange controls. One of the first changes made in…
Retirement is a day in time we’re all looking forward to – the luxury to stop working and to start taking it easy… However, given the era in which we’re…