DURBAN, South Africa, July 28, 2016 /PRNewswire/ --
Global financial company's experts continue to educate the South African public on key personal finance issues
Global financial advisory group Holborn Assets in partnership with The Sovereign Trust Group and Arton Capital - Empowering Global Citizenship, will present a seminar on 'Offshore Trust and Tax Planning" and Second Passports in Ballito, KZN on 2nd August.
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The seminar will be conducted by international financial planner Michele Carby who heads Holborn Assets' South African Team in Dubai, catering to the large South African expat population in the UAE.
Carby who is of South African origin has spent the past 20 years helping professionals protect and enhance their wealth. She has a deep understanding of the issues and concerns of South Africans both at home and as expats. Currently Carby is Business Director for the South African Business Council (SABCO) of the United Arab Emirates. She is a former President of the South African Chamber of Commerce and Industry, Hong Kong.
Seminar participants will learn how they can take advantage of Offshore Trust and Tax Planning. The session will cover the following areas: Mitigating estate duty and donations tax; Investing in stable currencies offshore; Taking advantage of your annual allowance (transfer up to R10m offshore each year); Actively managing investments; Tax efficient and structured benefit payments; Tax free returns on capital invested.
The seminar will also address the topic of 'Citizenship/Second Passports by Investments: Options for South Africans'.
According to Carby, "Offshore Trust and Tax Planning is fundamental to designing a robust tax efficient position in stable currencies and markets. Asset protection is also a key consideration. It's important to mitigate estate duty where possible as the allowance is currently only R3.5m thereafter chargeable at 20% on your worldwide assets. The days of donating interest free to trusts are coming to an end. I am licensed to provide advice in four countries so I'm well versed to provide quality advice to clients."
The seminar will take place on Tuesday 2nd August 2016, at The Boathouse, 33 Compensation Beach Rd, Ballito. There will be a morning session at 8.00 am and one at 6.00 pm. Light snacks and refreshments
Seats are limited so those interested are advised to RSVP to trevor.vandenberg@holbornassets.com (+27(0)82-644-5529)
Media Contact
Karthi Ratnam
karthi@holbornassets.com
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