Regulatory Alerts2014-12-18
Notice No. 13/2014 of 18 December on Current Invisible Operations
The Governor of the Bank of Angola issued Notice No. 13/2014 to simplify the procedures for external investors to transfer profits and dividends out of Angola. The regulation establishes that prior authorization from the central bank is only required when the annual transfer value per entity exceeds 500 million kwanzas, while mandating strict compliance with tax, legal, and anti-money laundering conditions for all transfers. Financial institutions are tasked with verifying documentation, reporting fraudulent activities, and maintaining organized records, with the notice revoking previous regulations and entering into force upon publication.
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