Offshore Business

1. Turnberry Africa
Offshore business

2. Turnberry Africa - Offshore
• Overview:
• Why?
- Safeguard Foreign Currency (Zim liquidation 20% into local currency)
- Foreign investment vehicle
- Taxation
• Types:
** Zim is a source based Income tax jurisdiction – SA is Residence based (Declare worldwide income
GB1 Authorized Co IBC (Seychelles) PTY Ltd
Management co.
Dale Trust Int
Management co.
Dale Trust Int
Management co.
RV BEP or
Johan Klue/Turnberry
Management co.
Johan Klue/Turnberry
Income Tax:3%
Note tax implication for
resident state) **
Income Tax:0%
Note tax implication for
resident state)**
Income Tax:0%
Note tax implication for
resident state)**
Income Tax:28%
Note tax implication for
resident state)**

3. Turnberry Africa - Offshore
GB1 Authorised Co IBC (Seychelles) (PTY) Limited
Regulator: FCA Regulator: FCA Regulator: Banks Regulator: CIPC SARS
Bank location: Afrasia
MRU
Bank location: Afrasia
MRU
Bank location: Afrasia
MRU
Bank location: Afrasia
MRU
Director: DTCIL Director: DTCIL Director: Johan
Klue/Turnberry
Director: Johan Klue or
Client (Initially JK to
register for all tax heads)
Bank signatory: DTCIL Bank signatory: DTCIL Bank signatory: JK or
client
Bank signatory: JK or
Client (Initially JK to
register for all tax heads)
Fees: USD 6750 /USD
5700 Excl acc fees
Fees: USD 3375/USD 2500
Excl acc fees
USD 2500/USD 1500 excl
director
USD 1500 –Sars
reg/Vat/Export

4. Turnberry Africa -Offshore
• Anti Money Laundering and Terrorism
• All transactions must have commercial substance
• Banks require business plan and will hold you accountable to act within
• Documentation”
- Management company establishment form (See example)
- Fatca form and CRS Agreement (See Example)
- KYC:
- Cerifified Passport copies (JK to certify-specific wording)
- Ceritified Proof or res (JK to certify-specific wording)
- Bank Reference letter (See template)
- CV of shareholders/directors
- (Source of funds – Always savings and salary)
- Business plan (See example)
- Contacts: vishwaraja@dale-trust.com , ashmeetac@dale-trust.com , raj@dale-trust.com (Manager)

5. Turnberry Africa - Offshore
• CLIENTS USING BUYING HOUSES INSTEAD OF THEIR OWN OFFSHORE COMPANIES
• TRANSFER PRICING AND ARMS LENGTH
• DUTY VALUE (ALL COSTS TO ENTRY PORT, PLS DUTY/PLS VAT)
• SADEC CERTIFICATES AND BUREAU VERITAS INSPECTION >1000 USD
• CLEARING AGENTS
• HIGH SEA SALE
• 1) GTPO (Affiliate of DITCL) (CLIENT LOZINO – RORY LOCK)
• AGRICULTURAL SUPPLIES – PLANTERS SPRAYERS ETC FROM BRAZIM AND INDIA MOSTLY
• PROCESS:
- RORY REQUIRES PROFORMA, WHICH WE PROVIDE INCLUDING GOOD MARGING (SEE PROFORMA EXAMPLE) NOTE RORY
MAY SEND US A SUPPLIER INVOICE AND ASK US TO PREPARE PROFORMA TO CLIENT INCL. MARGING IN WHICH CASE WE
CONVERT TO EXCEL USING I LOVE PDF…THEN COPY TO PROFORMA.

6. Turnberry Africa - Offshore
- RORY SENDS PROFORMA TO CLIENT (COULD BE LOSINO IN ZIM, WHICH IS RORY’S CO) – WE SAVE PROFORMA IN NEW
CLIENT FOLDER AND ENSURE THAT GTPO RECEIVES A COPY)
- CLIENT PAYS (REMEMBER TO DISTINGUISH BETWEEN EUR AND USD AMOUNTS)
- POONAM AND DAVINASH CONFIRMS RECEIPT
- WE ISSUE COMMERCIAL INVOICE (CONVERT PROFORMA)
- POONAM SENDS US CREDIT FOR ANY BANK CHARGES WHICH NEED TO BE PAID BY JK FROM RORY’S SEYACHELLES
COMPANY, DEERS STALKER LIMITED (DS)
- WE PREPARE AN INVOICE FROM DS TO GTPO FOR ENTIRE AMOUNT LESS GTPO’S FEE OF 6% (QUICK BOOKS INVOICE)
- WE PREPARE AN INVOICE FROM HAWKSTONE LIMITED (HS) (OUR SEYCHELLES COMPANY) TO GTPO FOR OUR PORTION OF
THE FEE (4% OF THE 6% IS OURS)
- GTPO SETTLES INVOICES TO DS AND HS
- SUPPLIER IN BRAZIL/INDIA SENDS INVOICE TO DS, WHICH WE CAPTURE IN QUICK BOOKS
- JOHAN PAYS SUPPLIER FROM DS. (E-MAIL REQUEST JK FOR PAYMENT)
- WE KEEP QUICK BOOKS FILE AND CONTROLS SHEET UP TO DATE (SEE CONTROL SHEET)

7. Turnberry Africa - Offshore
• HAWKSTONE LIMITED
• (THIS IS OUR COMPANY – INVOICES MAINLY FOR CONSULTING SERVICES WHERE GTPO INVOICES FOR COMMODITIES)
• HAWKSTONE CHARGES 5% ON INVOICE
• ALL CUSTOMER INVOICES ON QUICK BOOKS
• ALL SUPPLIER INVOICES FOR PAYMENT TO CONSULTANTS IN SUPPLIER FOLDER
• BANK WILL REQUEST CUSTOMER INVOICE FOR RECEIPTS AND SUPPLIER INVOICE FOR PAYMENTS
• HAWKSTONE, DEER STALKER AND GTPO BANK WITH AFRASIA
• ALL FILES IN SERVER UNDER TURNBERRY

8. Turnberry Africa - Offshore
• Mauritius clients
• All authorized companies with annual renewals
• Contacts:
- vishwaraja@dale-trust.com ,
- ashmeetac@dale-trust.com ,
- raj@dale-trust.com (Manager)
Company Client contact (Shareholder/director) Responsibility
Sole Family Trust and GFB Trading
(See Business plan – Costruction)
Alistair Sole
alsole1984@gmail.com
- Appointed third party
- Bookkeeping (We need last year AFS to
load as opening balances and then do
bookkeeping on Quick Books this year –
DTIL did last year financials)
- We bill monthly from Hawkstone @ USD
15 per bank transaction and USD 30 per
hour form administration and
bookkeeping)

9. Turnberry Africa - Offshore
Company Client ctc Responsibility
Bartbell Trust / Growth Point
Solutions
Affiliates: GPS Online RSA, Chrome
soft Zim
See Business plan – IT Facebook,
Google, social media web-design
etc.
Mark Houghton
mark@radicalcloudsolutions.com
Review GPS Online (Pty) limited
books.
- Vat returns
- Payroll
- Paye
- IRP6
- AFS/ITR14
- We only do AFS for Mauritian
co. No other duties

10. Turnberry Africa – Offshore
Company name Client CTC Responsiblities
Portal Projects Limited
See Buisness plan ( Pre-fab steel)
Affilaites: ASAP (Pty) Limited RSA
The Steel Building Co. Zim
Colin Wilson
Angela Stephens
ASAP – JK Sole director and signatory
- All bookkeeping and accounting and tax.
Also run payroll
- Deal with Standard Bank
Gift.Dlamini@standardbank.co.za
- Otty.Ntuli@standardbank.co.za
- Overdraft guarantor ( need to finalized
Portal guarantee agreement)
- Portal Projects – Appointed third party

11. Turnberry Africa - Offshore
Company Name Client Contact Responsibilities
Felner Corporation
See Business plan (Agent for
charter airline sales)
Affiliate : Executive Air Zim
Lyn Tapson
accounts@execair.co.zw
Raise purchase invoices in Felner
excl. 15% commission. To Exec Air
Monthly Review and management
accounts
AFS
Mapuma Investments Limited Peter Mubi
pmubi@iwayafrica.co.zw
Dormant (Only annual review)

12. Turnberry Africa - Offshore
• Seychelles IBC
• We try and become directors on all of these in oreder to save the
costs do DTCIL.
• Signatory on most Afrasia bank accounts
• Our contact here is the Seychelles affiliate for DTCIL, RV&BEP.
(krish@rvbep.com , raj@rvbep.com (manager)

13. Turnberry Africa - Offshore
Company name Client Contact Responsibilities
Deer Stalker Limited
See Business plan (Agricultural
machinery and apparel)
Affiliate: Lozino Investments Zim
Rory Lock
lockrory@gmail.com
rory@lozino.co.zw
Quickbooks invoices to GTPO and
other clients
Quickbooks supplier invoices
Quickbooks other accounting
Afrasia payments and bank
signatory
AFS
We charge USD 15 per bank
transaction and USD 30ph for
admin and bookkeepeing.
Bill from Hawkstone

14. Turnbarry Africa – Offshore
Company Client Contact Responsibilities
Mc Southern Trading
See Bus plan: Freight and losgistics
agent
Heather McSourley
"hpmcsorley@yahoo.com"
Create Quick Books customer
invoices
Record QB supplier invoices
Afrasia payments and bank
signatory
AFS
We charge USD 15 per bank
transaction and USD 30ph for
admin and bookkeepeing.
Bill from Hawkstone

15. Turnberry Africa - Offshore
Company Name Client contact Responsibilities
3rd Degree Limited
See BP: IT and social media
marketing
Hilton and Justin Becker
hilton@3degrees.co.zw
justin@3degrees.co.zw
Consultants form Turnberry. (TB
bills client and pays consultant excl
5% commission)
JK Director and signatory. Processes
all payments excluding ones from
company card.
Quick Books invoices and
bookkeeping
We charge USD 15 per bank
transaction and USD 30ph for
admin and bookkeepeing.
Bill from Hawkstone

16. Turnberry Africa - Offshore
Company Name Client Contact Responsibilities
Blue Skye Minerals Limited
See BP: Chrome mining manager
(Company dormant)
Shaun Lightfoot
shaun.lightfoot@asiasm.com
Director and annual renewal.
Chrome project suspended for
now.
FMC Joe Cruger
joe@origen.co.zw
Annual roll over
Accounts
Client is director and manages
company with all admin.
When trading starts, we will do
quarterly bookkeeping

17. Turnberry Africa – PTY Ltd (Nikki clients)
SA Clients Tax admin deadlines
VAT EMP201 EMP501 IRP6 ITR14 Personal tax Notes
Ambrose consulting Yes Yes
Archplan Studio Yes Yes Yes Yes Not vat registered - May register in 2021
ASAP Monthly Yes Yes Yes Yes Full Service client
Azwhibali Rirothe Client submits Client submits Client submits Yes Yes
Berkeley Bokkeeping Services Yes Yes Dormant
Edel Berkeley Yes Income from UK Eployer taxed in SA
BK Painters Even months Yes Yes Yes Yes Full Service client
Carlox Nil returns Nil returns Nil returns
Nil
returns Nil returns Dormant - Shef company
Cloud Line Uneven months Yes Yes Yes Yes
Vat reports accessed on Sage One - Client updates accounts. (Some nil Vat
returns)
DM Trucks Uneven months Yes Yes Yes Yes Full Service client
Earthtill Consultants PL Uneven Months No No Yes Yes
Capture sales/purchase invouces and Standard bank on QB Desktop (Mostly nil
vat returns)
GPS Online Uneven Months Yes Yes Yes Yes Vat reports accessed on Xero - Client updates accounts.
Gunn Valley Yes Yes Holding company for aircraft.
Major Tankors Yes Yes Yes Yes Client reached Vat threshold. Needs to register for vat
Mushande No No Yes Yes Volentary Vat Registration to be done - Exporter
Vabati No No Yes Yes Volentary Vat Registration to be done - Exporter
Rancet Trading No No Yes Yes Holding Company for share portfolio
Tengesa PL Client submits No Yes Yes Yes
The Uni People No No Yes Yes Client opening branch in SA so may need to register for PAYE ETC.