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You may have been living overseas for several years and now you are the beneficiary of a deceased estate and have an inheritance due to you and the executor contacts you to make payment and asks you some complicated questions about when you left and your status in terms of exchange control and you don’t know where to start.
We can help:
In terms of South African exchange control, if you’re living overseas and you have received an inheritance from a South African estate you will fall into one of 3 categories:
1. South African Resident Temporarily abroad – most people fall into this category and your options are to:
2. You have already emigrated in terms of exchange control (financially emigrated) and are therefore classified as a non-resident.
3. Non-resident – you were never a South African citizen
Whatever the scenario, FX Capital will find the solution and make sure funds are transferred promptly and at excellent exchange rates and low bank fees and where emigration is required provide the lowest fees in town.