If you are emigrating from South Africa, you will face two options when it comes to your finances. You can either choose:
- Formal emigration; or
- Using your R1 Million Single Discretionary Allowance and/or your R10 Million Foreign Investment Allowance.
You will need to be advised on which of these will best suit you while keeping in mind that formal emigration could come with drawbacks such as your right to retain citizenship.
This is where turning to Gapex will help you in the long run. Because we make it our business to deal with currencies, we can negotiate better exchange rates for you than a bank can. We don’t need to charge administrative fees on the previously mentioned transactions and, therefore, we save you a tidy amount on every transaction. Furthermore, we are extremely knowledgeable on currency exchange since this is our core competency. Turn to us if you are ready for personalised advice and service when it comes to your finances.