Omnibus Travel Allowance

The Omnibus Travel Allowance is for South African companies requiring a travel allowance in excess of the usual limits for private individual travel.

The Omnibus Travel Allowance for companies is R2 Million per calendar year.

This travel allowance can be used by company staff and can only be taken out as foreign currency cash or travellers cheques.

This allowance cannot be transferred directly into an overseas bank account in the name of the traveller.

Exchange4free can assist with opening bank accounts in Australia, New Zealand, United Kingdom and Offshore Bank Accounts (held in a wide variety of currencies).

Exchange4free require an original letter on a company letterhead with the following information:

Names of travellers and designation within the company
The number of proposed trips per person
Countries to be visited
Amount per person per year
Brief motivation explaining the reasons why the company requires the additional travel funds

Authorisation for the Omnibus Travel Allowance will be granted a travel allowance in the name of the company.

If a company requires more than R2 Million per calendar year then a direct application can be made via Exchange4free to the South African Reserve Bank (SARB).

Information Pack Request Tax Clearance Application

South Africa

Johannesburg
Tel: +27 11 453 7818
Fax: +27 86 511 5317
Cell: 082-391-5494

Cape Town
Tel: +27 21 300 7818
Fax: +27 86 511 5317

Pretoria
Tel: +27 12 004 7818
Fax: +27 86 511 5317

Durban
Tel: +27 31 100 7818
Fax: +27 86 511 5317

Port Elizabeth
Tel: +27 41 004 7818
Fax: +27 86 511 5317

Exchange4free is a global foreign exchange service firm and is an authorised Financial Services Provider (FSP. 36093) in South Africa regulated by the Financial Services Board (FSB).

Please contact us if you would like to view our Conflict of Interest Policy.