Every South African is subject to the laws and regulations put in place by the South African Reserve Bank (SARB) which relates to exchange control. South Africa’s current exchange control regime limits any individual to a cap of R 1 million per annum. This means that if you have already sent funds abroad to the value of R 1 million, that your respective Single Discretionary Allowance (SDA) would have been exhausted and you will not be entitled to make use of our services.
However, you may seek independent advice from a duly qualified accountant/tax practitioner regarding the use of a Foreign Investment Allowance (FIA) which is capped at R 10 000 000,00 per annum.