Articles

 
Individual Allowances - 21.11.2016
21 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Sending Money Offshore
17 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Investing Abroad?
14 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Merchant West Capital Markets
04 November 2016

Whether you're a large or small business, Merchant West Capital Markets can tailor make a solution to suit your needs from our great range of products. While you may be getting good forex rates through your bank, we can probably achieve better rates for you.

Contact us today for more information. www.merchantwest.co.za

 
INDIVIDUAL ALLOWANCES
03 November 2016

If you're thinking about transferring funds offshore then contact us today. We offer fantastic rates and can assist with the entire process.

The South African Reserve Bank allows individuals to transfer up to R1 million offshore per calendar year without a tax clearance.

Make the most of your allowance today!

 
Investing Abroad
31 October 2016

Transferring offshore? make sure you're getting the most from your Discretionary Allowance. The South African Reserve Bank allows individuals to transfer up to R1 million offshore, per calendar year, using their Discretionary Allowance. Merchant West can facilitate this entire process on your behalf and assist with the necessary paperwork. Contact us today for more information or simply visit our website www.merchantwest.co.za

 
Foreign Investment Allowance
17 October 2016

Are you investing in property abroad? The South African Reserve Bank allows individuals to transfer up to R10 million offshore, per calendar year, using their Foreign Investment Allowance. Merchant West can facilitate this entire process on your behalf and assist with the necessary paperwork. Contact us today for more information or simply visit our website www.merchantwest.co.za

 
DOLLARS; EUROS AND POUNDS
12 October 2016

Foreign Exchange is what we do. Merchant West Capital Markets provides sophisticated treasury and risk management solutions to the public and private sector. Our dedicated team and available resources allow us to provide outstanding service to both companies and individuals. Contact us today or visit our website www.merchantwest.co.za