The Bank of Mozambique (BdM) has clarified that non-resident citizens do not need to request prior authorization from the central bank to make investments of up to one million dollars. According to the document issued by the BdM, "since the provisions of Law No. 11/2009, of March 11, repealed by Law No. 28/2022,...
The Portuguese Parliament approved this Wednesday, by consensus and in general, the revision of the Foreign Exchange Law submitted by the government, aimed at "reducing bureaucracy in the business environment" and strengthening the "fight against terrorism and money laundering". Reacting to the approval of the changes to the law, the Minister for Justice, Constitutional and Religious Affairs, Helena...
The Assembly of the Republic is debating today the revision of the Foreign Exchange Law, in order to incorporate provisions on combating terrorism and money laundering and transactions in the hydrocarbon sector. The president of the Commission for Constitutional Affairs, Human Rights and Legality, António Boene, quoted by Lusa, said that the proposed amendment...
The Council of Ministers approved this Tuesday the proposal for revision of the Foreign Exchange Law, to be submitted to the Parliament. The proposed law aims to adjust the current legal regime to the country's current stage of economic growth, with the objective of reducing bureaucracy in carrying out foreign exchange transactions, making the market increasingly...