OFFSHORE BANKING & INVESTMENT
This allows for global diversification of investment assets and currencies, plus the convenience of associated offshore banking services. Diversification is an essential component of sound financial planning. We are able to guide you through all aspects of offshore investing and banking.
Most South Africans have the vast majority of their assets inside South Africa [e.g. property, savings, pension funds etc]. The South African stock market represents just 0.6% of the total of global stock markets and restricting exposure to one small component of the world economy exponentially increases risk. South Africa is one of the few countries in the world to retain Exchange Control Regulations; however these have been significantly relaxed over the years. Currently tax payers over the age of 18 have an annual Discretionary Allowance of R1m and an annual Foreign Investment Allowance of R10m.
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Offshore Banking & Investment?
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