Regulatory Alerts2021-12-23
Notice No. 11/2021 of December 23
The Banco Nacional de Angola issued Notice No. 11/2021 to establish standardized foreign exchange procedures for non-residents investing in Angolan entities without shares, securities, and derivative instruments. The regulation mandates that authorized banking financial institutions validate capital transfers, income distributions, and divestment proceeds while ensuring prior licensing for specific public debt investments. It revokes Notice No. 15/2019 and imposes sanctions for non-compliance, thereby streamlining capital flows and reinforcing regulatory oversight over external investment operations.
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