Our high-energy, skilled team will apply our minds to offer you a highly rated foreign exchange service whilst ensuring that compliance and legislative requirements are met. Not only do we provide a personal service experience, but our rates are competitive too – bank beating in fact. You will see why our loyal client base has never doubted their decision to speak to us.
We are 100% FX focused and specialize in converting your ZAR offshore allowance to your nominated offshore account. You can onboard as a Kuda client from anywhere in the world.
With our easy, secure online registration we have simplified the process of opening your Investec Prime Money Call Account or Bidvest CCM account in your own name.
Must read information for South Africans wanting to transfer funds abroad. The following South African Reserve Bank allowances apply:
Your allowance is a maximum R1-million per calendar year
No SARS Approval for International Transfers is required
Foreign exchange for travel and other foreign transactions form part of this R1m allowance
Your allowance is R10-million per calendar year
A compliant SARS Approval for International Transfers for foreign investment is required before funds may be converted from ZAR to the nominated foreign currency
A compliant SARS Approval for International Transfers for purposes of foreign investments is required to make use of the Foreign Investment Allowance. Kuda FX offers a service of applying for the Approval for International Transfers on behalf of our clients. Once approved, the Approval for International Transfers is valid for 12 months
We specialize in converting your client’s South African Rand offshore allowance into Dollar, Sterling, Euro and other currencies for transfer to their nominated offshore investment product. Your clients will enjoy preferential rates. We help your client with the SARS Approval for International Transfers application (if required) and then we move your client’s foreign currency abroad. With our paperless & secure online registration form, we have simplified the process of opening the Investec Prime Money Call Account / Bidvest CCM Account for your client in their own name. Our team will go the extra mile to offer you and your client a highly rated service whilst ensuring that compliance and legislative requirements are met.
Kuda FX assists non-resident clients with the exchange control and SARB approvals required for the repatriation or remittance of funds from South Africa. We facilitate funds coming into South Africa, ensuring that legislative requirements are met, and proper record keeping is done for future repatriation of the funds.
South African’s working abroad can transfer funds back to South Africa at very competitive exchange rates and receive our personal touch.
Attention: Investment Houses, Fund Managers, Wealth Managers and Independent Financial Advisors
Kuda specializes in converting your client’s South African Rand offshore allowance into Dollar, Sterling, Euro and other currencies for transfer to their offshore investment product.
Why our service and expertise is unrivalled:
We assist non-resident clients with the exchange control and SARB approvals required for the movement of funds from South Africa. We facilitate funds coming into South Africa, ensuring that all legal requirements are met. We retain a professional recording of the process in the event of future repatriation of the funds.
South Africans living and working abroad can transfer funds back into South Africa at highly competitive exchange rates, while benefiting from our renowned and trusted personal touch.
In partnership with Investec, Kuda FX are excited to offer our SA Resident clients’ a true offshore account with Investec Bank (Mauritius) Ltd.