Transferring Your Funds Offshore
Ambiton Financial Services and Currency Partners have partnered to provide convenient, cost effective personal and corporate FX solutions which help save you money and help protect your business's profitability.
Personal FX:
Each South African resident taxpayer may avail themselves of their annual Single Discretionary Allowance of R1 million and/or Foreign Capital Allowance of R10 million per calendar year, for direct offshore investment in foreign currency denominated assets.Currency Partners can assist you with obtaining Foreign Tax Clearance Certificates from SARS for transfers exceeding R1million and can facilitate the transfer of your funds at preferential exchange rates, so you save money on the exchange rates from your bank.
Services Offered:
- Foreign currency transfers for investment, property purchases or sales, estate late beneficiary payments as well an inward payment such as foreign earnings or inheritances.
- Tax Clearance Certificates and SARB Special Approvals
- Non-Resident Bank Accounts for Non-SA Citizens
- Assistance with the full Financial Emigration Process
Corporate FX:
With preferential exchange rates, careful timing, and clever planning, you can make significant savings, so your money goes further.- Currency Partners offer supportive treasury management solutions and facilitate import/export payments with interest-bearing settlement accounts.
- Benefit from specialist currency risk management advice and favourable terms for bespoke hedging strategies. i.e., Forward Exchange Contracts, Options and Futures.
- You will receive rate watch alerts and automatic market orders to ensure that you never miss out on a favourable target rate.
- They will settle your invoices and handle all documentation, including your Balance of Payment (BOP) forms.
