Capitalising your business – Loan or shares?
July 7, 2016SARS has an excellent control mechanism in the IT14SD.
July 7, 2016
Put simply: No administration fees, better exchange rates and expert advice.
Incompass has been providing financial solutions since 2003 with a focus on the international individual or company. Our commitment to providing both innovative and comprehensive currency transfer solutions has resulted in us becoming one of South Africa’s foremost experts in the field of foreign exchange.
All of our transactions are processed through local banks, that are approved authorised dealers by the South African Reserve Bank. In addition we are a registered financial services provider with the Financial Services Board holding all appropriate licenses.
Our money transfers, in and out of South Africa, are done in strict accordance with money laundering regulations and exchange control regulations; and all our transactions are audited in terms of our licence and banking requirements.
HOW WE SAVE YOU MONEY
- No administration fees on your money transfer
- Better exchange rates
- Our service means you do not have to spend your time watching currency rates
- As an independent currency company we can compare rates for you
HOW DO WE GET A BETTER RATE?
Though a bank may conduct many transfers per day each transaction is treated as a separate one in its own right. The currency rate offered will be a ‘retail rate’ and an administration charge will generally be levied.
Of course, with Incompass all transactions are dealt with separately, but they are viewed to be all under the Incompass umbrella – this provides the benefits of bulking. In essence giving you access to a ‘trade’ rate.
As we all know trade prices are always better than retail prices and buying in bulk secures better deals.
WHAT IS THE PROCESS?
Transferring money with Incompass could not be easier – its a simple 3 step process:
Step One:
Complete your free and non obligatory registration form with Incompass* Step Two :
Transfer the amount of foreign currency you wish to transfer to our trading account.
Step Three:
When your money is reflecting and you are happy with the exchange rate you instruct us to trade and the money will be in your account in about 3 working days.
*Please see our registration form for supporting documents that need to be submitted.
INCOMPASS FOREX – OUR SERVICES:
We can help with…
- Companies with requirements for transferring funds in or out of South Africa
- Transferring money into South Africa
- Transferring money out of South Africa
- Individuals utilising their capital allowance
- Discretionary travel allowances
- Giving monetary gifts abroad
- Emigrant allowances
- Money transfers for property purchase
- Immigrants transferring funds to and from South Africa
- Temporary residents in South Africa to transfer capital in or out
- Non residents to transfer capital in or out of South Africa
Please feel free to contact us at:
E-mail – forex@incompass.co.za
Office – Fiona Roehlandt 021 424 2936
This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)