Invest offshore using your
Foreign Investment Allowance
Foreign Investment Allowance funds can be invested into offshore bank accounts, investment portfolios, property, or any other investments. You can invest offshore using the Foreign Investment Allowance of up to R10 million per calendar year. This is for South African tax residents and is based on Reserve Bank approval.
Frequently Asked Questions
A foreign investment allowance is currently available to persons who are:
- taxpayers in good standing;
- over the age of 18 years.
- Legal entities
- Persons who are NOT taxpayers in good standing
You will need a SARS tax clearance certificate, Reserve Bank approval and to complete the application form.