EXCHANGE CONTROL ADVISORY AND COMPLIANCE

Your Global Ambition, Our Expertise

LET US TALK COMPLIANCE

Exchange control compliance is not optional, it is essential. We provide tailored solutions that protect your cross-border wealth and business transactions.

Speak with an Exchange Control Specialist

South Africa’s Exchange Control Framework

South Africa’s exchange control framework is governed by the Currency and Exchanges Act, No. 9 of 1933, the Exchange Control Regulations, 1961, together with the Currency and Exchanges Manual for Authorised Dealers. The Financial Surveillance Department of the South African Reserve Bank (SARB) oversees all cross-border transactions, and delegates limited authority to Authorised Dealers (local banks) for the approval of specific transactions. Given the intricate nature of these regulations and processes, expert guidance is crucial for compliant cross-border activities. We offer comprehensive support across all exchange control related matters, assisting with navigating Authorised Dealer requirements, structuring complex transactions, and preparing applications to the SARB, ensuring seamless and compliant international financial operations.

Why Exchange Control Matters

Cross-border transactions are heavily regulated by the South African Reserve Bank (SARB). Mistakes can lead to:

Delayed cross-border payments

Administrative penalties, fines and forfeiture of funds

Lost business opportunities

WE HELP YOU GET IT RIGHT THE FIRST TIME!

What We Do for You

Externalising funds (individuals)
From inward receipt of foreign loans to outward capital flows exceeding the individual Foreign Investment Allowance, including SARS Approval for International Transfer (AIT).
Non-resident externalisation of remaining liquid assets
Compliant repatriation of assets following cessation of tax residency under the new regime post 1 March 2021.
SARB approval for inward & outward flows (corporates)
From inward receipt of foreign loans or capital injections to cross-border payments for management services.

Share certificate endorsements (“Non-Resident”)
Critical requirement to legitimise foreign ownership and ensure smooth processing of future outward remittances.
Resolving historical non-compliance with SARB
Engagement with Authorised Dealer and guidance on the correct supporting documents required to evidence the source of funds.
Exchange control compliant contracts
Supporting document review and/or preparation to ensure suspensive conditions are in place where required.

WHY TAX CONSULTING SOUTH AFRICA

As South Africa’s leading independent tax legal and advisory firm, we combine practical exchange control insight with legal expertise. Our personalised approach ensures that your unique needs are met with precision. Let us work together to ensure your compliance and success in the global marketplace.

CONTACT US

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