Foreign tax clearance and currency transfers for
IBN Immigration Solutions

Transferring Your Funds Offshore

Each South African resident taxpayer may avail themselves of their annual single Discretionary Allowance (R1 million) and/or Foreign Capital Allowance (R10 million) per calendar year, for direct offshore investment in foreign currency denominated assets.

Currency Partners can assist our clients with the process of obtaining foreign tax clearance from SARS and facilitate a Currency Transfer of your funds at preferential exchange rates, so you save money on the exchange rates from your bank.

Benefits and Services

Register below and benefit from:

• Completing the required exchange control, SARS foreign tax clearance and currency forms
• Applying for free SARS foreign tax clearance certificates (FTCCs) on your behalf
• Preferential all-inclusive foreign exchange rates so you save on the retail exchange rates from your bank (zero commissions and administration fees)
• Annual Discretionary Allowance and Foreign Capital Allowance currency transfers
• Special SARB approvals for amounts greater than the annual individual allowances of R11 million

IBN Immigration Solutions is an Award-Winning Immigration Company

|BN will identify the best visas or permits to suit their client’s needs. They can assist with the entire process, providing a full range of immigration services to ensure a smooth and straightforward application process.

Their Immigration Specialists follow the application’s progress with the relevant authorities until the visas are issued and remind the client when their visa is due to expire and manage the possible extension and departure process.

They offer a key account manager for all corporate clients as the single point of contact.

Ultimately, they provide visa services and consultations for people who want to live in South Africa, any one of 18 African countries, and six destinations in Europe and North America.

These Visas and/or Permits generally range between the below types, including consultation on Citizenship and Permanent Residence:

1. Retirement Residence Visa
2. Short- and Long-Term Work Visas
3. Business and Investment Visas
4. Tourist and Visitor Visas
5. Family, Dependant and Spousal Visas
6. Study and Student Visas

They have branches in the following locations, with +26 submission partners worldwide:

1. Cape Town, South Africa
2. Gauteng, South Africa
3. Nairobi, Kenya
4. Windhoek, Namibia
5. Maputo, Mozambique