How to invest offshore

South African residents over the age of 18 who have a green bar-coded ID or smart ID and a South African income tax number can use their individual offshore allowance of up to R11 million per calendar year (1 January to 31 December) to invest offshore.

This individual offshore allowance is made up of R1 million single discretionary allowance and a R10 million foreign investment allowance.

In this guide we outline:

Types of Allowances
Approaches to offshore investing for individuals
Approaches to offshore investing for entities

Read full artitcle on:  https://www.glacierinsights.co.za/blog/investment-insights/how-to-invest-offshore-a-practical-guide

September 15 2022 By Glacier Insights