Reserve Bank eases exchange controls for loop structures - but there's a tax catch, warns expert
This week, the South African Reserve Bank announced a relaxation of the rules relating to loop structures – which involve investments through foreign structures that in turn own assets in South Africa, eSwatini, Namibia and Lesotho. These structures are attractive to South African entrepreneurs looking for foreign investors. In this interview, Robyn Berger – a partner at law firm Bowmans – dissects the details for the BizNews community. – Jackie Cameron South Africa: Exchange controls relaxed for loop structures The long-awaited relaxation of the rules relating to ‘loop structures...
Source: biznews.com