Regulatory Alerts2011-06-08
Added · Updated
Circular No. 03/EES/2011: Conversion and Transfer of Non-Resident National Currency Account Balances and Amortization of External Loans
The Bank of Mozambique clarifies that earnings of non-residents, including profits, dividends, and interest, may be freely converted into foreign currency and transferred abroad subject only to foreign exchange registration with intermediary banks. The circular stipulates that amortization of previously authorized external loans also requires only foreign exchange registration via the Private Capital Export Form, without needing new authorization. This regulation applies to resident and non-resident entities and entered into force on July 11, 2011, revoking contrary provisions.
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