A resident may take R1million per annum out of the country as a discretionary allowance and R4million in FIA – foreign investment allowance.

South African residents living abroad have one opportunity per calendar year to “export” money to a country of their choice on the condition, of course, they’ve not yet financially emigrated from South Africa!

How do we get to ZAR10million?

A resident may take R1million per annum out of the country as a discretionary allowance and R4million in FIA – foreign investment allowance.

December is thus the ideal time of the year to double up and to make use of ones’ 2012 allowance before year end and then do another application in January 2013. This opportunity allows you to transfer ZAR 5million per person within 60 days! A married couple, looks at a ZAR10million opportunity!
The time to do so is now …

For professional assistance to make the application and move the funds in the quickest and most cost effective way, please contact us on info@finglobal.com today! It will take us four days from the time we have your consent and we will do the rest.

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