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@rjozen Buy directly through signia instead of through EE who will whack you with fees

@stoder On easy equities it’s a share swop…it’s not those same as taking the money actually out of the country like what is being proposed by OP. Situs tax for USA is 60k usd, interactive brokers is based and domiciled in USA...

@stoder What about the situs tax? When you sell it’s going to get taxed in the USA and by sars.

@carmensvineyard I was considering doing the same thing, you can use an external forex company to convert your rands to usd, EE whacks you on the exchange rate which is about 2% vs 0.3%. To my understanding the ongoing fees are much less, but the challenge is once you exceed around 60k usd you...