We have extensive experience in advising clients on the exchange control requirements and implications for local and international exchange control matters.
Exchange control is governed by the Currency and Exchanges Act 9 of 1933, and Exchange Control Regulations, which were promulgated on 1 December 1961. South African residents are subject to exchange control for all transactions involving foreign exchange.
Our expert advice and substantial experience means clients avoid what could be substantial penalties and fines if the correct processes and rules are not adhered to. Our proficiency ensures that our clients enjoy adept assistance with the knowledge that their exchange control matters are managed as they should be.
We provide extensive Exchange Control services including:
Cross border transactions
Corporate investments, both locally and internationally
Regularisations of prior contraventions, including administrative relief
Investments and transfers offshore by individuals
Transfer of assets
License, distribution and agency agreements
Reviewing transactions and agreements for compliance with exchange control regulations
Need exchange control assistance? Contact us to discuss your needs.
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