Transferring money out of South Africa can be a complex area with considerations such as the appropriate tax clearances, exchange control regulations, rates and methodology.
Often unsure of what the correct processes and legislation are people simply turn to their banks, this can result in unnecessary fees and poor exchange rates. (more…)
First the good news: Once you have declared all your taxes on the other side, you can freely transfer your money over to South Africa, without any additional taxes waiting for you.
Before transferring money to South Africa, you should be aware of the exchange control regulations in South Africa. (more…)
Incompass Cash Account Intelligent Cash Management
A dynamic alternative to the banks money market accounts and funds, Incompass offers a fully managed and service driven cash account supplying competitive rates of interest with the additional benefit of personal banking facilities. (more…)
Most people in South Africa will be aware of exchange control regulations, although many are not always sure exactly what impact these have on them or what their options are in terms of dealing with them.
Most people new to South Africa will have heard rumours that it is hard to move money in and out of South Africa, and will definitely have heard horror stories of how once you have brought money into South Africa it is virtually impossible to get it out again and therefore most are too frightened to bring any money into the country in the first place. (more…)
If your business has a need to transfer money in or out of South Africa, you will already be aware of the complexity of South Africa’s exchange control regulations, the inconvenience of the processes and the paperwork requirements.
As a money transfer business, Incompass are also familiar with these intricacies. That’s why our services are designed to make transferring money in or out of South Africa as simple as possible for our business clients:
- Onsite support. There is no need for you to come to us, we will go to you.
- Exchange control approval is done for you.
Naturally, as a business, you are also after value for money. That’s why Incompass offers the following:
- The very best exchange rates at all times, and
- No administration fees.
About our business services for money transfers to and from South Africa
Our money transfer service for businesses sees us placed as an integral part of your operations:
- Our consultants establish a thorough understanding of your business and money transfer needs.
- You have access to expert currency advice and guidance. There is no need for you to spend hours on applications, getting to grips with rules and allowances, or watching exchange rates.
All transactions are processed through local private banks that are approved authorised dealers by the South African Reserve Bank.
Further to this, Incompass is a FSB (Financial Services Board) registered company, holding all appropriate licences. You can rest assured that our money transfers, in and out of South Africa, are done in strict accordance with money laundering regulations and exchange control regulations. Each transaction we do is audited in terms of our licence and banking requirements.
Incompass is also both ISO 9001 and 27001 accredited, meaning that when you select Incompass for your money transfer needs you are dealing with a company, and a dedicated team, that takes service and security very seriously – and a company that is audited each year to an international set of standards.
Contact us today for a no-obligation meeting
To see how Incompass can add value and expertise to your business, and save you money, why don’t you contact our corporate team?
You can call us on +27 (0) 424 2936 or get hold of us after hours on +27 (0) 82 325 7028.
One of our consultants will set up a meeting to discuss our service and your money transfer needs – obligation free.