Understanding South African Exchange Controls
Most South Africans believe exchange controls are restrictive.
This is because they determine how much money an individual or business can transfer out of South Africa at any point in time.
Even though this is frustrating for South African residents and business owners,
It doesn’t mean you can’t transfer money overseas.
In fact, you can transfer as much money as you like,
Providing you follow the correct procedures, can demonstrate source of funds and demonstrate that you are tax compliant.