If the Covid-19 pandemic has shown us anything, it’s that it is possible for us to work productively from anywhere. Growing numbers of South Africans are taking the opportunity to either emigrate, or at least relocate to a different country, to experience a different lifestyle and explore new opportunities.
The South African Reserve Bank (SARB) issued Exchange Control Circular No. 1/2021 on 4 January to lift the restriction on the so-called ‘loop structure’ in order to encourage inward investments into South Africa. The reform was effective as 1 January 2021 and applies to private individuals and companies, including private equity funds, that are tax resident in South Africa.
The COVID-19 lockdown left a trail of devastation across entire industries – but it has also forced many South African businesses to look for new approaches and markets, with a growing number looking to establish offshore operations to create a greater range of options and opportunities. While numerous South Africans have offshore investments, retirement structures...
South African investors are increasingly ‘following their money’ to Mauritius as the island emerges not only as a hub for international capital, but an attractive lifestyle destination where people can live, do business and raise their families.
South Africans looking to protect their retirement funds from the volatile rand and an uncertain economy have an array of offshore investment options available to them – but with pitfalls awaiting the impulsive investor, it’s vital to choose the right investment vehicle that delivers the necessary security, tax benefits and succession planning.
The tropical island paradise of Mauritius has thrown open its doors to prospective investors and residents, with increasing numbers of South Africans being attracted by an idyllic lifestyle and a liberal approach to regulation and taxation that makes it easy to start and run a business.
Apart from being the highest ranked economy in Sub-Saharan Africa on the World Bank’s Ease of Doing Business Index, Mauritius is attracting growing numbers of local investors through sheer geographical proximity and the ability to “follow their money”, according to Richard Neal, Director at independent fiduciary consultancy Sovereign Trust (SA) Ltd.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za