Offshore investing can seem like a great idea. It's great for diversification, you are exposed to different economies, and you do not need to confine your portfolio to the performance of the South African market alone. South Africa's GDP makes up about 1% of global GDP, so that puts into perspective the magnitude of the opportunities out there. For wealthy individuals, incentives for investing offshore also include tax relief. There are several countries that offer tax benefits and it is not unusual for the ultra-rich to move trusts to those jurisdictions. Investing offshore means you can diversify your portfolio across a number of economies, currencies and market conditions. Depending on where you look to invest, you can take advantage of growth prospects in jurisdictions where you feel your money might work best. For instance, you might want exposure to China or India - whose economies are projected to grow 6% and 7.5% respectively. Remember: although you can protect your portfoli...
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