A transaction dealing with the in or outflow of capital from Mozambique may require exchange control approval from the Mozambique Reserve Bank(MRB). In order to prevent an agreement from being void or penalties being enforced, one must ascertain whether exchange control applies to a transcations.
Tax advisory offers the following exchange control-related services:
- Advice on the exchange control rulings and their applications;
- Submitting applications to the Exchange control Department on our client’s behalf;
- Facilitating meetings between our clients and the Exchange control Department of the MRB, if required;
- Obtaining approval for various inbound and outbound transactions(e.g. shareholders loan, supplementary capital, transfer of shares etc; )
- Registrations of investments projects, share capital, shareholders;
- Payment of dividends, supplementary capital payments;
- Registrations and payments of services and management services agreements, amongst others;