Allowances

The Discretionary and Foreign Investment Allowance is available to individuals each year.

Offshore investment over and above these limits is possible but requires SARB approval. Currency Assist can assist with obtaining SARB approval.

Discretionary Allowance

Individuals may move up to R1m per annum out of South Africa under current exchange control regulations, without the need for SARS Tax Clearance.

Foreign Investment Allowance

Individuals may invest up to R10m per annum into offshore accounts, property or other investments. This allowance requires SARS Tax Clearance. We offer assistance with obtaining the SARS clearance.

Family Unit

Allowances are available to both spouses - therefore a family can invest up to R22m offshore each year.

Documents

  • Currency Assist Product Disclosure
  • Full SARS Supporting Documents List
  • Proof of Address List
  • MBL - Forex Terms
files

About Us

Formed in 2011, Currency Assist is a foreign exchange treasury that specializes in international money transfers.

The business idea was born out of a vision to be a business that brings transparency to our clients. We do this by disclosing and demystifying the profit margins that are hidden in rates of exchange. The Banks, on the other hand, have no obligation or inclination in disclosing profit margins in rates of exchange offered to clients, and, instead, draw their clients' attention to commissions and fees.

We also pride ourselves in offering a boutique service that embraces technology, and by so doing make it easier and faster for clients to transact with their international money transfers.

Ras
Ras

Ras

Currency Assist is the brainchild of Ras. He brings a wealth of legal, brokering and forex experience to Currency Assist. His vision, relationships in the finance world, and business insight is the core foundation Currency Assist

frederik
frederik

Frederik

Frederik is a qualified actuary working in the Insurance, Banking and Hedge Fund industry. He focusses on some of the more complex forex transactions, such as SARB approvals and Financial Emigration

Paul
Paul

Paul

Paul runs our dealing room. Paul started his career in Marketing Management, but he quickly moved into financial management. He now has more than a decade of experience in the financial industry.

Sonja
Sonja

Sonja

With a career in forex and banking spanning almost three decades, Sonja is a key member of our dealing room

Didi
Didi

Didi

A core addition to the team, Didi focusses on relationships and brings everything together to ensure an efficient service and happy clients.

Lisa
Lisa

Lisa

Lisa has a background in construction, administration and property. She spent some time on the trading desk at Currency Assist, but more recently her focus has shifted to onboarding, and the improvement and streamlining of processes.