Exchange Control Regulations apply to all contracts which imply payments to foreign entities.
These contracts must be registered with the Central Bank of Mozambique – which is responsible for supervision of all banking, financial and monetary activities in Mozambique. Furthermore all services agreements that imply payments by a resident company to a non-resident company have to be previously authorised by the Ministry of Finance and then registered at the Central Bank.
- Proof of direct foreign investment should be registered with the Central Bank
- Proof of investment is required to allow repatriation of
(a) capital invested (shareholders loans, etc), and,
(b) any profits arising from the activity from the approved investment project.
- Failure to register investments could result in the non recognition of the right to repatriate funds. Payables not recorded in the companies books (PGC) are also not remittable.