Transfer money out of South Africa

Transferring money out of South Africa is subject to the regulations and allowances issued by the South African Reserve Bank.

South African Residents can make use of either their foreign investment allowance of R4 million or their travel allowance of R1 million per annum.

Non-resident individuals living in South Africa and wanting to transfer money out of South Africa can do so but do not have the use of the above allowances. In most instances it is a matter of proving the funds were sent into the country and then remitting them out again with any capital gains or accrued gains.

Contact us to discuss how we can assist you to transfer money out of South Africa using the most appropriate allowances and for non-residents we can assist on the basis of proving incoming funds.