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Problems
to
Resolve: |
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Education: There
are
three
private
junior
schools
and
two
private
high
schools.
Most
of
these
schools
are
full.
Before
taking
any
further
steps,
find
out
if
you
can
solve
the
education
problem
for
your
family.
How
can
we
help: We
can
introduce
you
to
local
residents
who
are
prepared
to
invest
their
time
to
help
you.
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Finance: South
Africans
are
subject
to
exchange
control
and
this
makes
it
extremely
difficult
to
purchase
property,
borrow
money
or
sustain
life
outside
of
SA.
For
those
who
are
planning
to
settle
in
Mauritius,
it
is
vital
to
work
out
how
to
earn
a
sustainable
income
abroad.
Do
this
mindful
of
exchange
control
and
apply
a
healthy
dose
of
pessimism.
Consider
a
weakening
rand
and
a
business
that
does
not
get
off
the
ground
fast
enough.
How
can
we
help: We
have
expert
knowledge
of
Mauritius
and
its
living
and
working
environment.
Contact
us
if
you
want
to
pick
our
brains.
Due
to
popular
demand,
this
is
no
longer
a
free
service.
Eur100
per
hour.
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Rental
Accommodation: Most
arriving
South
Africans
need
a
place
to
stay.
Contact
us
and
we
can
help
you
find
a
home
to
rent. |
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Exchange
Control: South
Africans
have
been
under
the
whip
of
exchange
control
since
the
1940's
yet
it
is
still
the
most
misunderstood
legislation
in
the
country.
Below
is a
quick
summary
of
what
is
commonly
available
to
individuals:
Corporates
please
go
to
the
bottom
of
this
page. |
|
Investment
Allowance:
This
is
limited
to
R2
million
per
individual,
over
the
age
of
18
years
old,
who
is a
tax
payer
in
good
standing.
You
are
required
to
obtain
a
specific
tax
clearance
in
respect
of
foreign
investment
in
order
to
utilize
this
allowance.
It
is a
once
off
grant
and
does
not
need
to
be
repatriated.
How
can
we
help: Not
much
help
is
needed
in
getting
permission.
The
applicant
should
contact
their
local
SA
Revenue
Service
office
for
guidance.
Once
you
have
your
permission,
Frontfin
can
help
you
with
an
account
in
any
common
currency
at a
major
international
bank
to
remit
these
funds
until
you
have
decided
what
to
do
with
them.
This
is
limited
to
R2
million
per
adult
who
has
applied
and
received
their
tax
clearance.
It
is a
once-off
grant
and
does
not
need
to
be
repatriated.
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Holiday
Allowance:
This
is
limited
to
R500
000
per
person
over
the
age
of
18
years
per
calendar
year
(up
to
18
years
the
allowance
is
R160
000
per
annum
per
individual).
This
allowance
is
for
South
African
residents
who
are
living
in
South
Africa
– if
you
are
living
abroad,
then
the
year
you
depart
South
Africa
you
are
entitled
to
your
travel
allowance.
From
1
January
the
following
year
you
are
no
longer
entitled
to
this
allowance.
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SADC
Scheme: Any
South
African
resident
may
acquire
a
holiday
home
or a
farm
in
their
own
name
in
any
SADC
country
without
any
limit
to
the
amount
this
costs.
The
Bad
News: The
transferred
amount
and
any
proceeds
on
the
sale
have
to
go
back
to
SA
when
the
property
is
sold.
The
bank
that
assists
with
this
transaction
holds
the
title
deeds
thereby
limiting
the
ability
to
leverage
this
investment.
More
Bad
News: The
property
needs
to
be
registered
in
your
own
name.
Not
in a
trust,
company
or
other
form
of
participation.
Only
Mauritian
citizens
or
permanent
residents
can
put
Mauritian
property
into
their
own
name,
except
for
IRS
or
RES
property,
where
non
Mauritian
citizens
can
put
this
property
in
their
name.
The
Good
News:
Buying
a
unit
in
an
IRS
or
RES
development
can
be a
good
capital
investment
and
a
sound
hedge
against
the
Rand.
How
can
we
help? Frontfin
can
help
prepare
this
submission
for
you
(it
is
not
easy).
Once
successful,
we
will
then
assist
with
the
property
transaction
and
ongoing
administration.
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Emigration:
South
Africans
wishing
to
relocate
to
Mauritius
(or
elsewhere)
should
seriously
consider
the
option
of
emigrating.
This
allows
the
individual
to
liquidate
all
his
assets,
pay
an
emigration
tax,
and
then
transfer
the
full
balance
without
limit
to a
foreign
bank
account.
This
is a
much
better
option
than
naively
believing
you
can
live
off
your
R500
000
per
annum
travel
allowance
for
ever.
How
can
we
help? We
have
successfully
assisted
a
number
of
South
Africans
of
substantial
net
worth
to
emigrate
from
South
African.
This
is a
complex
procedure
and
we
can
help
you
save
a
lot
of
time
and
frustration.
One
of
our
consultants
will
advise
you
in
detail
how
best
to
proceed
and
include
the
many
tips
we
have
learned
from
our
experience.
Our
fee
is
Eur
300
for
this
consultation.
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SA
Corporate
International
Expansion
and
Exchange
Control |
|
Most
companies
in
South
African
are
looking
to
set
up
or
expand
their
international
operations.
Frontfin
is
ideally
placed
to
help
with
the
structuring,
banking
and
application
of
exchange
control
legislation.
We
will
consult,
design
and
implement
tailor-made
corporate
expansion
projects
for
serious
clients.
We
will
even
prepare
the
submission
to
your
local
bank
for
approval
of
amounts
below
R50
million.
We
humbly
believe
our
knowledge
of
South
African
Exchange
Control
is
the
best
in
the
world.
Our
fees
will
be
negotiated
and
charged
only
from
funds
successfully
remitted. |
