How do I move funds offshore if my bank cannot assist?
We assist in structuring compliant offshore transfers where standard banking channels are insufficient. This includes preparing and guiding SARB approval applications where required.
What types of funds typically require SARB approval?
Certain cases require structured applications, including:
Blocked or restricted South African funds
Emigration-related capital transfers
Inheritance or legacy capital
Trust or corporate-owned funds
Large offshore transfers exceeding standard allowances
Do you handle the transfer of funds directly?
No. All transfers are executed through your chosen authorised financial institution. Our role is to structure, prepare, and guide the approval process to ensure compliance and successful outcomes.
How long does a SARB approval process take?
Timelines vary depending on complexity, but many structured applications are processed within 4–8 weeks once correctly prepared and submitted.
What happens if my funds are currently blocked?
We assist in reviewing your situation and structuring the appropriate application pathway to unlock and transfer funds in a compliant manner.
What are the offshore allowances for South African residents?
South African residents may transfer:
Up to R1 million under the Single Discretionary Allowance (SDA)
Up to R10 million annually with tax clearance
More complex cases often require structured SARB engagement.
Do you work with businesses and trusts?
Yes. We support:
Companies
Trusts
Fiduciary structures
Corporate groups requiring offshore structuring
How are your fees structured?
Fees depend on the complexity of each case and are discussed upfront after an initial assessment.
Why would I need your service instead of going directly through my bank?
Many cases fall outside standard banking processes.
We assist in structuring applications and navigating regulatory pathways where banks alone cannot provide a clear solution.
How do I get started?
Simply contact us to discuss your situation. We will assess your case and guide you on the appropriate next steps.
Frequently Asked Questions About SARB Approvals & Offshore Transfers
Contact us
admin@offshorefx.co.za
Offshore FX Global (Pty) Ltd is a South African Reserve Bank approved and FSCA-registered Financial Services Provider under FSP No: 51832.
Certain services are delivered through OFX Forex Services (Pty) Ltd, a specialist support entity providing structuring, documentation, and administrative services.
