Offshore Investment

DIVERSIFY OFFSHORE

FOR BETTER RETURNS
& LONG-TERM WEALTH CREATION

OFFSHORE investing has been a cornerstone of the Brenthurst Wealth strategy over the past years. Investors who did not increase their offshore investment exposure in recent years have suffered a tremendous opportunity cost and in some cases, particularly over one, two and three years, have not seen any real increase in the real value of their investments in rand terms.

Many South African investors are asking whether there is any benefit to investing offshore now that the domestic economy seems to be on the upturn.

Clients of Brenthurst Wealth will be well aware of our long-standing investment strategy of increasing offshore exposure across all our portfolios. Offshore diversification has long been an underlying theme in our investment portfolios, which was accelerated from about 2010 onwards.

At the time our investment approach was met with substantial resistance, but the events since then, as well as the relative investment performance over the past years, has vindicated this position and has added considerable wealth to our clients.

Investors who added offshore diversification to their portfolios are today considerably better off than those who did not.

Brenthurst Wealth considers offshore diversification integral to long-term wealth creation and offers a range of investment funds across all asset classes.

Investors who added offshore diversification to their portfolios are today considerably better off than those who did not.

Brenthurst Wealth has access to some of the best fund managers in the world including Templeton, Orbis, Investec and many others.
Many of the these investment companies are not present in South Africa and the only way to invest in some of the best-performing funds in the world is by making use of the foreign investment allowance.

Brenthurst also makes use of local asset- swap investment portfolios for investors and entities who do not wish to make use of the foreign exchange allowance.

brenthurst offshore allowance services 

Despite the relative strengthening of the rand versus the US dollar and other major currencies, we do not see this as a major turning point in the fortunes of the local currency. We see it rather as a temporary reprieve from further currency weakness and will be using this period of relative strength to add to our offshore portfolios on behalf of our clients.  

Annual foreign allowances remain unchanged for South African resident individuals in terms of the South African Reserve Bank and South African Exchange Control Regulations,

We, at Brenthurst Wealth Management can assist you by applying for your FTCC in respect of the Foreign Capital Allowance.  

We offer favourable and competitive market rates allowing you to take advantage of this opportunity now allowing you to obtain clearance in early 2021 for use as and when you need want to transfer funds offshore.

In order to take advantage of this opportunity now, kindly reply to this mail in order to start the process.  One of our consultants will get in touch with you shortly

 

Services offered in Mauritius 

> Residency and work permits.
> Company and trust structures and setup.
> Appointment of trustees and directors and registered offices.
> Administration of companies, payroll and statutory returns
> Commercial and residential Investment property
> Foreign exchange transfers and SARS tax clearance
> Opening of Mauritius bank accounts without having to be present in Mauritius, with a           choice of currency

 

 SA RESIDENT TAXPAYERS CAN REMIT THE FOLLOWING AMOUNTS PER CALENDAR YEAR:

  • R1 million Discretionary allowance (DA)
  • R10 million Foreign Capital allowance (FCA)
  • Foreign Tax Clearance Certificate (FTCC) required ONLY for FCA)
  • FCS is valid for 12 months from date of issue

Mauritius, the ‘Singapore of  Africa’ offers one of the most progressive investment environments on the continent 

MAURITIUS MAY
BE THE IDEAL PLAN B

Mauritius, the ‘Singapore of  Africa’ offers one of the most progressive investment environments on the continent.
 READ MORE: 

https://brentwealth.com/

 

 

HOW DO I GET MY MONEY ABROAD TO INVEST OFFSHORE?

A number of options are available

Single discretionary allowance: 

Every South African has a single discretionary allowance (SDA) of up to R1m, which can be sent offshore, per calendar year (January to December). No tax clearance certificate is necessary when externalising funds via your SDA. It is as simple as instructing your bank to send the funds abroad. Once the funds have been sent abroad, they can be used for investment or travel purposes.

Foreign investment allowance:

In addition to this, each South African resident has an annual foreign investment allowance (FIA) of R10m, which can be sent offshore. A tax clearance certificate is needed in order to externalise funds via your FIA. This is a relatively simple online application that is done on your SA Revenue Service e-profile platform. Once your tax clearance certificate is issued, on presentation, your bank will remit the funds abroad.

Setting up of offshore trusts, foreign bank accounts & other related services.

South African individual investors are allowed to invest up to R11 million per calendar year, anywhere in the world. R10 million via an approved tax clearance and R1 million on their Single Discretionary Allowance.

BUYING OR SELLING FOREX
BEST CURRENCY EXCHANGE RATES AVAILABLE


Should you wish to make use of your offshore allowance please do not hesitate to contact  BWM foreign exchange consultants

SUZEAN HAUMANN or YOLANDE BUTCHART

 

Suzean Haumann

Yolande Butchart

Karen Munodawafa

JOHANNESBURG

FOURWAYS

+27 (0)11 799 8100

Unit 2B
Cedar Office Estate
Cedar Road & Stinkwood Close
Fourways

JOHANNESBURG

SANDTON

+27 (0)10 035 1391

Suite 31, Second Floor
Daisy Street Office Park
135 Daisy Street
Sandton

PRETORIA

ERASMUSKLOOF

+27 (0)12 347 8240

Block E
Castle Walk Corporate Park,
Cnr Nossob & Swakop Street
Pretoria

CAPE TOWN

GRANGER BAY

+27 (0)21 418 1236

The Waterclub
Nautica Building
Beach Road
Granger Bay

CAPE TOWN

CLAREMONT

+27 (0)21 100 3901

Suite 518
Protea Place
40 Dreyer Street
Claremont

BELLVILLE

TYGER VALLEY

+27 (0)21 914 9646

Waterfront Terraces 2
Tyger Waterfront
3 Waterfront Road
Bellville

Stellenbosch

CENTRAL

+27 (0)21 882 8706

Unit 3
La Gratitude
97 Dorp Street
Stellenbosch

Paarl

VAL DE VIE

+27 (0)21 100 3901

Polo Village Office A309
Val de Vie Boulevard
Val de Vie Estate
Paarl

Garden Route

GEORGE

+27 (0) 44 050 6057

Collett Square
32 York Street
George Central
Garden Route

Mauritius - SOUTH

BLACK RIVER

+230 484 2175
+230 5843 5215

La Balise Business Park
Office Block B, A3 Royal Road
Grande Rivière Noire,
Mauritius, 90601

Mauritius - NORTH

GRAND BAIE

+230 260 1738
+230 5843 5215

Suite 005
Grand Baie Business Park
Grand Baie
Mauritius, 30515

BRENTHURST SATELLITE OFFICES

  • KWAZULU -NATAL: Arin Ruttenberg | +27 84 582 8581
  • FREE STATE: Iniel Van Zyl | +27 72 298 3212
  • MPUMALANGA: Marise Smit | +27 72 795 3604
  • NORTH WEST: Maria Smit | +27 79 696 6860

Brenthurst Wealth Management (Pty) Ltd is an authorised FSP in terms of the FAIS Act, 2002 (FSP No 7833) © 2022 Brenthurst Wealth Management. All rights reserved.

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