Regulatory Alerts2019-12-29
Notice No. 15/2019 of December 30 on Foreign Exchange Policy for External Investment by Non-Resident Currency Entities and Associated Capital and Income Operations
The National Bank of Angola, through Notice No. 15/2019, establishes updated foreign exchange procedures for external investments and associated capital and income operations conducted by non-resident currency entities in Angola. The regulation mandates authorized banking institutions to manage account openings, fund transfers, and licensing exemptions for direct and portfolio investments while requiring prior approval for public debt purchases and capital exports from unlisted entities. It further standardizes documentation, reporting formats, and archiving obligations to ensure compliance with the Private Investment Law and Foreign Exchange Law.
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