Externalising funds offshore – individuals: Three guidelines to consider
With reference to the South African Reserve Bank’s website, exchange controls aim to, amongst others, prevent the loss of foreign currency resources through the transfer abroad of real or financial capital assets held in South Africa. Exchange control regulations are applied within the Common Monetary Area (“CMA”) consisting of South Africa, Namibia, Lesotho and eSwatini […]
7 aspects to consider when you have offshore assets and why you may need a separate offshore Will
1. Probate Probate is the process by which a Will is authenticated by a court-supervised process. Not all assets will require a grant of probate. Having a separate Will dealing with your offshore assets means that your offshore assets and South African assets can be dealt with simultaneously. This will allow for the administration of […]