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…
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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…
Although the South African Reserve Bank (SARB) has relaxed exchange control rules significantly in the past few years in order to make cross-border transactions less onerous, there are still limits…
In the past, exchange control policy relating to distributions from an inter vivos trust were complex and restrictive, which meant that the processes involved in transferring money out of South…
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…
Back in the days of South Africa’s stringent exchange control regime, loop structures were prohibited. The whole idea was to prevent capital from flowing out of the country, but it…
South African exchange control regulations are there for a reason: to control the flow of money in and out of South Africa. These rules apply to every transaction that crosses…