services

We strive to provide assistance on all exchange control matters where these are too complicated to easily resolve with your “AD” bank.  The areas that we would typically be able to provide the full spectrum of advice and procedural exchange control assistance would include (but not be limited to):

• Structuring (both in and outside of South Africa),
• formal opinions and advice,
• the local borrowing restrictions [Regulation 3(1)(f)],
• guarantees and securities [Regulation 3(1)(e)],
• Foreign Direct Investments (FDI's),
• The sale and purchase of companies, properties, shares, CC memberships and other assets across borders,
• foreign loans and the increasing important but difficult "cleaning-up" for SARB database purposes,
• immigrations and the affairs of foreign nationals,
• offshore assets, inheritances and income,
• Risk reviews,
• Training and Seminars

In many instances a client may only be provided with incomplete or partial advice.  This usually occurs when everyone is trying to finalise one particular transaction only without realising that there may be closely related issues that, if ignored, can cause large problems later.

WHY DO YOU NEED XCONSULT?

XConsult strives to fill these knowledge and service delivery gaps by providing an independent, dedicated, user-friendly comprehensive exchange control service to clients by:

• Focusing exclusively on exchange control matters
• Ensuring that the correct exchange control issues and problem areas are identified and complied with
• Providing a service that takes not only the legal issues into account but focuses on practical solutions
• Ensuring that not only are the policies explained but the difficulties around these clearly explained to clients
• Providing practical solutions to problems
• Being able to identify genuine problems vs. debatable advice and/ or bad service
• Working closely with the correct personnel in an “AD” to ensure they are all provided with everything they need in the shortest possible time
• Following the correct procedures to improve efficiency when dealing with an “AD” Bank
• Making high quality representations to AD’s and the SARB on behalf of our clients
• In need, even questioning decisions made by the regulators and/ or “AD’s” where these appear inconsistent, impractical or unfair
• Providing this service to all types of clients including individuals, their trusts, CC’s, unlisted companies and listed companies.