SA lifts long-term prohibition on ‘loop structures’

The South African Reserve Bank (SARB) issued Exchange Control Circular No. 1/2021 on 4 January to lift the restriction on the so-called ‘loop structure’ in order to encourage inward investments into South Africa. The reform was effective as 1 January 2021 and applies to private individuals and companies, including private equity funds, that are tax resident in South Africa.

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