Regulatory Alerts1996-06-28
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Instruction No. 06/95 on Technical Assistance and Management Contracts Between Residents and Non-Residents
The Banco Nacional de Angola issued Instruction No. 06/95 to mandate central bank approval for technical assistance and management contracts between residents and non-residents in Angola. The regulation defines technology importation to cover patents, trademarks, engineering services, and infrastructure projects, while requiring prior ministerial approval for contracts involving public capital. It establishes a mandatory bank intermediation process, specifies BAPIC issuance and foreign currency exchange procedures, and enforces compliance with stamp duty and capital gains taxes on cross-border payments.
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