Angola Legislation Flash Update 8 February 2017

 

MC JURIST
ADVOGADOS | ATTORNEYS-AT-LAW

MC JURIST – Angola Legislation
FLASH UPDATE
8 FEBRUARY 2017

Dear *|FNAME|* *|LNAME|*

Following our latest monthly legal update sent earlier this week, please be informed that new relevant legislation has been enacted on 3 February 2017* in the Republic of Angola, which may require immediate attention.

In case you require any further assistance please contact directly Mr. Nuno Catanas.

Kind regards

*Notwithstanding the official date of publication by the Official Gazette, the diploma was only made available yesterday.

National Bank of Angola (BNA)
New Rules to Operate Bank Accounts (Local and Foreign Currency)
Order 2/17, of 3 February 2017
Summary: This new act of legislation is BNA Order 2/17, of 3 February 2017 (hereinafter “BNA Order 2/17”), issued by Angolan Central Bank, which sets forth the new rules applicable to the opening and operation of deposit bank accounts domiciled with Angolan Banking Institutions, held by both Foreign Exchange residents and non-residents.

This BNA Order 2/17 updates the rules applicable to the opening and operation of deposit bank accounts domiciled with Angolan Banking Institutions, with a more relevant impact on the procedures regarding the operation of existing bank accounts held by Angolan resident entities, both bank accounts in local currency and international currency.

This BNA Order 2/17 has entered into force on the date of publication by the Official Gazette, i.e. 3 February 2017, and thus, it is expected that commercial banks will start to enforce such rules immediately.

Please let us know in case you require more detailed information in respect of BNA Order 2/17 and we are also available to provide you an English version of the relevant BNA Order.

Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.
MC JURIST ADVOGADOS | ATTORNEYS-AT-LAW
Angola Portugal:
T: + (244) 222 393 269 + (351) 21 192 66 30
F: + (351) 21 192 66 36 + (351) 21 192 66 36
Angola: Travessa de Moçambique, N.º 28, Luanda, Angola
Portugal: Alameda dos Oceanos N.º 65 3.2 – Parque das Nações – Lisboa, Portugal

This message was sent to *|EMAIL|* by mcjurist@mcjurist.com

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MC JURIST
ADVOGADOS | ATTORNEYS-AT-LAW

MC JURIST – Angola Legislation
FLASH UPDATE
8 FEBRUARY 2017

Dear *|FNAME|* *|LNAME|*

Following our latest monthly legal update sent earlier this week, please be informed that new relevant legislation has been enacted on 3 February 2017* in the Republic of Angola, which may require immediate attention.

In case you require any further assistance please contact directly Mr. Nuno Catanas.

Kind regards

*Notwithstanding the official date of publication by the Official Gazette, the diploma was only made available yesterday.

National Bank of Angola (BNA)
New Rules to Operate Bank Accounts (Local and Foreign Currency)
Order 2/17, of 3 February 2017
Summary: This new act of legislation is BNA Order 2/17, of 3 February 2017 (hereinafter “BNA Order 2/17”), issued by Angolan Central Bank, which sets forth the new rules applicable to the opening and operation of deposit bank accounts domiciled with Angolan Banking Institutions, held by both Foreign Exchange residents and non-residents.

This BNA Order 2/17 updates the rules applicable to the opening and operation of deposit bank accounts domiciled with Angolan Banking Institutions, with a more relevant impact on the procedures regarding the operation of existing bank accounts held by Angolan resident entities, both bank accounts in local currency and international currency.

This BNA Order 2/17 has entered into force on the date of publication by the Official Gazette, i.e. 3 February 2017, and thus, it is expected that commercial banks will start to enforce such rules immediately.

Please let us know in case you require more detailed information in respect of BNA Order 2/17 and we are also available to provide you an English version of the relevant BNA Order.

Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.
MC JURIST ADVOGADOS | ATTORNEYS-AT-LAW
Angola Portugal:
T: + (244) 222 393 269 + (351) 21 192 66 30
F: + (351) 21 192 66 36 + (351) 21 192 66 36
Angola: Travessa de Moçambique, N.º 28, Luanda, Angola
Portugal: Alameda dos Oceanos N.º 65 3.2 – Parque das Nações – Lisboa, Portugal

This message was sent to *|EMAIL|* by mcjurist@mcjurist.com

www.mcjurist.com

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

*|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*