Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's currency is valued according to factors of supply and demand. In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies. A country’s currency value also may be fixed by the country’s government. However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Quoin Wealth can assist clients looking to utilise their yearly discretionary allowance. This is usually used for travel, however can also be used for Gifts, Donations, Maintenance Payments and studies.
The discretionary allowance is a yearly allowance to the value of R1,000,000 per individual.
Quoin Wealth has a minimum transfer...
Foreign Investment Allowance
Quoin Wealth is able to assist individuals with transfers out of South Africa, through the use of their Foreign Investment Allowance, which is a R4 million life time allowance.
We assist our clients through the entire process of obtaining their foreign tax clearance certificate(GS1] , BOP form completion, reserve bank documentati...
Non-Residents working and living in South Africa, can remit funds earned, as well as previously introduced funds, out of South Africa. Quoin Wealth can assist clients with the relevant documents as well as the transfer out of South Africa. Clients benefit from wholesale currency rates, as well as no transfer fees....