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IBN Recruitment

Work at German Call Center?

We are looking urgently for German speaking Call Center Agents for the wider area of Cape Town! The necessary Work Permit can be organised at the same time.

IBN Offshore

Seychelles (IBC)

The Seychelles recently made a number of amendments to its International Business Companies (IBC) legislation, which will be enforced from 1 January 2013. The key amendments to the Act that clients should be aware of require an IBC to:

- Keep its share register and register of directors (or a copy) in the Seychelles

- Notify its Seychelles Registered Agent of the physical address (may be outside of the jurisdiction) where its minutes and resolutions are kept

- Notify its Seychelles Registered Agent of the physical address (which may be outside of the jurisdiction) where its financial records are kept

Contraventions of the amendments are subject to a daily penalty of USD25. A director of an IBC who knowingly permits a contravention is also subject to the same daily penalty. For any questions, please do not hesitate to contact IBN Offshore at dubai@ibn.co.za!

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News Highlight
23rd Apr 2012

BRICS Development Bank gets Green Light

In a first step to set up a development bank as counterweight to the US/EU-led World Bank and the IMF, the Finance Ministers of the BRICS member countries have met up this weekend on sidelines of the annual Spring Meeting of the World Bank and the IMF to discuss this important step.

In their consultations South Africa and other members of BRICS grouping have agreed on Sunday 22 April 2012 to establish a task force to come up with recommendations to set up a developmental bank, a move ...[MORE]

>> IBN News-Archive

Exchange Rates

EUR: 10.61
USD: 8.37
GBP: 13.25
CHF: 8.83
AUD: 8.29
Click a graph to view the detailed version.
Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 17.05.2012
Time: 23:15

Capetown:

Temp.: 17 °C / 63 °F
Wind: NNW / 14 kn
Sunrise: 07:05
Sunset: 18:19

Johannesburg:

Temp.: 14 °C / 57 °F
Wind: NWW / 5 kn
Sunrise: 06:14
Sunset: 17:52
IBN - Consulting: Exchange Control

Exchange Control

IBN Consulting’s experience in the field of foreign investment in South Africa has shown that far-sighted investment planning in cooperation with the South African Reserve Bank (SARB) is essential in order to avoid problems, which can arise in relation to future capital transfers. These issues are rooted in the legal restrictions still applicable to foreign exchange transactions.

It is therefore advisable to contact us well in advance of the intended arrival of funds in South Africa. IBN Consulting will advise the investor on the most suitable timeframe for the import of funds.
In addition to that, our specialist staff in this field will procure all the required approvals and registrations with the Reserve Bank (SARB) before the investment to ensure a smooth potential future repatriation of the invested capital, dividends or share of profits as well as of invoiced amounts for imported goods or services.