Staying in South AfricaFinGlobal offers services to South Africans across the globe, including those still residing on home turf.
International financial services for South Africans
FinGlobal offers services to South Africans across the globe, including those still residing on home turf. In an age of globalisation, we understand that you may not want to keep all your eggs in one basket, which we have specific services tailored to those with financial aspirations outside country borders.
Frequently Asked Questions
We provide premier financial migration services to South African expats the world over. The fact that you’ve left the country doesn’t mean you’re alone. We’re here to help you, no matter what…
How much money may I transfer abroad every year?
Every resident above the age of 18 has two allowances that they can use to transfer funds from SA:
- Single Discretionary Allowance
As a resident, you may transfer a total of R1 000 000 from SA every calendar year. Please note that all card transactions while you are abroad are included under this allowance.
- Foreign Investment Allowance
As a resident, you may also use this R10 000 000 allowance per calendar year. A tax clearance is required from SARS. This tax clearance is associated with the Foreign Investment Allowance and differs from a normal ‘good standing’ tax clearance.
You may also transfer funds abroad in excess of these allowances. Please contact us for more information.
The minimum requirement for transferring funds is that you must be in possession of a green bar-coded ID document or the latest ID card.
How does FinGlobal transfer a client's funds abroad?
We are licensed to do foreign exchange transactions through our strategic partner, Bidvest Bank.
We open a bank account online for each client. This account is exclusively used to do foreign exchange transactions. The client funds his account and FinGlobal facilitates the foreign transfer through Bidvest Bank upon the client’s request.
What are the advantages of using FinGlobal?
- FinGlobal is a reputable company and meets all FSB requirements. This means you have full recourse to the Financial Ombud of South Africa.
- All documentation is completed electronically.
- You have direct access to our Forex desk. Exchange rate quotes are given upon request and rates fixed when you decide to transact.
- We offer preferential exchange rates.
Thank-you to all who helped us officially migrate and transfer our policy funds from South Africa to Australia. Your professionalism and advice made the process much easier and stress free. I would recommend your services to anyone requiring financial advice and/or transferring of funds from South Africa. You guys rock!!Dale Ric-Hansen
I thought I only had 1 policy but delighted when FinGlobal (previously cashkows) discovered another one! FinGlobal made the procedure effortless and dealt with it in a very professional manner. Thank you for helping me through the process!Georgina Oliver-Hancock