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…
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An attractive means for companies to reward their people, employee share incentive schemes (ESIS) can also be used to attract and retain top talent, motivate employees to perform well, and…
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…
If you hold shares in a South African company and you plan to relocate abroad and ultimately change your tax status from resident to non-resident, there are some things you…
Thanks to tax directive system updates from the South African Revenue Service (SARS), individuals who had formally emigrated through the South African Reserve Bank approval process before 1 March 2021…