Regulatory Alerts2019-01-30
Central Bank of Tunisia Circular to Authorized Intermediaries No. 2019-01 dated January 30, 2019
The Governor of the Central Bank of Tunisia issued Circular No. 2019-01 to establish foreign currency startup accounts for resident companies holding a valid startup label, specifying permitted crediting and debiting operations such as export proceeds, foreign investment inflows, and business travel expenses. The regulation mandates that authorized intermediaries verify startup labels, process transactions via transfers, checks, or cards (with a 30,000 DT cash limit for travel), and submit monthly operational statements through the Data Exchange System. Furthermore, startups must maintain accurate declarations and financial records for regulatory oversight, with mandatory account closure upon label withdrawal or expiration.
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