All offshore who are going offshore\u2026<\/p>\n
Beginning to invest offshore is increasingly looking good for worried South Africans amidst geopolitical turmoil. Depending on your risk appetite investment expectations, it can work for you and need not be an overwhelming or intimidating experience. Here\u2019s what you need to know:<\/p>\n
Professional help is essential<\/strong> There isn\u2019t just one way of investing offshore<\/strong> For tax reasons, many higher net-worth investors will set up an offshore trust into which they can deposit money as an investment to earn interest. If you choose this route you need to be aware of tax laws both locally and abroad. There are other options too, so again, speak to a professional advisor before you take the leap.<\/p>\n Relax \u2013 you don\u2019t need a foreign bank account<\/strong> Investing has never been a \u2018one size fits all\u2019 exercise, it\u2019s built on a behaviour that is able to stand firm in shaky markets, is supported by a trusted advisor relationship and finds wealth in diversity.<\/p>\n","protected":false},"excerpt":{"rendered":" All offshore who are going offshore\u2026 Beginning to invest offshore is increasingly looking good for worried South Africans amidst geopolitical turmoil. Depending on your risk appetite investment expectations, it can work for you and need not be an overwhelming or intimidating experience. Here\u2019s what you need to know: Professional help is essential Everyone can invest offshore, it\u2019s not only for the Oppenheimers\u2026 That being said, you cannot go it alone. Every country has its own nuanced […]<\/p>\n","protected":false},"author":1,"featured_media":3087,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-3086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\n
\nEveryone can invest offshore, it\u2019s not only for the Oppenheimers\u2026 That being said, you cannot go it alone. Every country has its own nuanced rules and best practices; did you know that succession planning in Mauritius is completely different to here and estates don\u2019t automatically go to spouses, or that there is no capital gains tax in Namibia?<\/p>\n
\nWhilst higher net-worth individuals often use bespoke investment options, average earners can invest offshore in a few different ways. The most common ways are to either invest in a foreign currency unit trust or to go large and hire a portfolio manager, through your bank usually, to set up a personal international brokerage account.<\/p>\n
\nUnless you\u2019ve lived abroad and opened an account while in that country, chances are you don\u2019t have a US or UK bank account. And that\u2019s okay. Things like PayPal and Bitcoin are changing the game with cross-border payments and transaction and, in any case, you don\u2019t need a foreign bank account to earn that offshore capital. You can transfer the money directly from a South African bank account in much the same way as you would transfer money from a local account to another local one.<\/p>\n