OzInvest is an experienced Australian Company with qualified
consultants available to help you and answer any of your questions. To know
more simply send us an email here: invest@ozinvest.com.au and we will have one of
our consultants contact you within 24 hours.
How much money am I
allowed to take out of South
Africa?
This can vary, but as a South African Citizen you are allowed to
take R4 million per person.
What do I need to do
to get clearance to take money out of the Country?
You have to register the clearance with the South African
Reserve Bank, but firstly you must make sure your tax affairs are in place. It takes about 7-10 working days to obtain a tax
clearance from SARS.
Where do I obtain
finance if required?
The current interest rate is only 5.45% in Australia so it
makes sense to obtain finance through one of the Australian banks. OzInvest are
experienced in sourcing the best available options for South Africans, so we can
do this for you.
Are there any tax
implications as I am a South African based tax resident?
We always suggest you seek independent advice, but there is a
double taxation agreement in place between Australia
and South Africa
which means that as individual, you will only be taxed once.
Who will be my
attorneys in Australia?
In Australia
there is an attorney (solicitor) for the buyer and the seller. Over the years
OzInvest have built a recommended panel of solicitors which we are happy to
recommend depending on where you invest.
Who is going to look
after my investment for me?
OzInvest have a 22 year history of managing all facets of the investment for our entire local and overseas based investors. From the initial
property purchase right though to managing the tenants.
Can I visit my
property?
Of
course you can. With staff in most States (the equivalent of Provinces in SA),
OzInvest take many existing and potential clients to inspect their property.
All you have to do is let us know in advance when you will be coming in order
for us to make viewing arrangements on your behalf with the tenants (at least 1 weeks notice is required).
