emigrating and trading the jse

[asylum]

i will be emigrating to france in the near future and was wondering if i could still trade the jse from that side, any platforms in france that anyone knows, or would it be better to just keep my money on this site and let sbk put my profits in a French bank acc, dont know if thats viable. any info would be greatly appreciated.

[Werner_1]

Interesting, question, i would like to know the answer as well... I know that some of the large investment banks in USA has the possibility to trade on most of the world's markets, but i dont know if this is open to the standard investor, i know hedge funds can get that service... I think the easiest would be to keep this account, but i am thinking SARS might not like it when you try to take money over to France... dont know though... if its held offshore there shouldnt be a problem with that. Let me know if you find anything out... its quite interesting to know...

[warhippo]

asylum, are you going to become a french citizen, or permanent resident or remain a south african living in France more than 181 days a year?. It would be easier maybe to address this situation if one knows that.

[asylum]

hi i have dual nationality, so yes iam a French citizen and will relocate on a permanent basis.

[Ninja]

Why not open an account with IG? You can easily trade the JSE and the R/$ from this platform from anywhere in the world. Your cash is held in $ or Pounds in the UK and never leaves the UK shore so no tax in SA if you are an EU citizen, which you are.

[geordie1]

my guess is that if you are no longer resident then you cannot trade as a resident but no reason you cannot trade as a forei

[geordie1]

my guess is that if you are no longer resident then you cannot trade as a resident but no reason you cannot trade as a forei

[geordie1]

sorry got hiccup.basically believe you can carry on but authorities sars will need to be informed-not sure if any advanatages or disadvantages.I trade in UK and in SA-used to be able to claim allowances on both sides but   Sa put stop to that as I declare allincome to SA-uk and thetoo small to matter to anyone.  The and

[geordie1]

sorry got hiccup.basically believe you can carry on but authorities sars will need to be informed-not sure if any advanatages or disadvantages.I trade in UK and in SA-used to be able to claim allowances on both sides but   Sa put stop to that as I declare allincome to SA-uk and thetoo small to matter to anyone.  The and

[warhippo]

I think there are probably quite a few of us trading on the JSE from overseas. In your case I would keep the money or at least some of it in RSA. (No harm in currencies with historic safety record -for what its worth!!) There is money to be made in our "emerging market" and what is more in your favour is that you are familiar with the shares and companies on JSE. As foreigner there might be tax treaty between RSA and France (not sure) where you can get tax relief for taxes paid in RSA. Moving money legally to France should be no problem. Good luck to you and family.

[SKALA]

Keep trading and for sure keep posting on the forum. Enjoyed your inputs.

[NickW]

Not sure if this may be of any help. It deals more with the tax issues than perhaps what you may be after. http://www.moneywebtax.co.za/moneywebtax/view/moneywebtax/en/page260?oid=46683&sn=Detail

[Wizard]

Keep an SA exposure with SBK and open another account that side. Test the system there. With time u might realize it's better to transfer most of your capital in France.