Asset Protection in South Africa - And How it Works. Protect Offshore Assets
September 11, 2004
By Michael Joseph
Should one want assets in South Africa
or any other country for that matter, one should speak
with attorneys that have knowledge of regional laws.
By doing this you reduce the risk to your assets by
making sure you're going "by the book" in
that country, always be proactive in asset protection
in South Africa or anywhere. South Africa has been
invested in by numerous people and international interests
since the end of apartheid.
South Africa's laws and customs resemble that of the
United Kingdom in many ways, so if you have had business dealings
in the U.K. then going through South Africa' laws should be little
trouble. By having the assets protected at home and in the country
of origin you have significantly reduced the risk seizure.
When one looks to invest in a foreign country, the big thing one
should look for is the political climate and how stable that regime
is. South Africa is probably the most stable country in Africa and
thus is attractive to potential investors. If one were to fail in
realizing the simple fact that a country that goes through bloody
coups on an almost yearly basis will most certainly lose any and
all assets within that country.
I have assets in South Africa, how do I protect them from seizure?
An excellent question, the answer is to first speak to a lawyer
who has had dealings with this sort of assets, and then find an
investors group that works within the country in question. By speaking
with the investor group you can get in contact with lawyers in the
country that can tell you all the laws involved and what you have
to do. It is an involved process, but one should always be involved
in their assets and their protection.
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