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24-05-2017 12:04 PM
Hi Guys need some help please,
I want to move some cash overseas it’s not a huge amount so I won’t need tax clearance and also won’t qualify for any special preferential treatment from our banks. My problem is most banks require a minim bank balance in the account to save on bank costs, secondly what currency to transfer my rands in... I was thinking maybe opening a account with TD Ameritrade or similar and deposit rands directly in a trading account.
24-05-2017 01:25 PM
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16-01-2021 12:38 AM
This is a similar problem like creating an offshore company. You need a way to move assets from one country to the other, and it can be done. Dealing with an offshore business. The place I have chosen was Mauritius, I had my reasons... Anyway I needed help with the mauritius company formation, and by a recommendation from a friend I worked with SFM. They did almost all the work, and the payment I had to pay was worth it, because I hate that part of starting a business. Because of their help I have an Offshore bank account, and I can move assets with no problems.