Are there any changes in respect to the handling of foreign exchange transactions?

Yes; by means of Decree 98/20, of 9 Abril, Presidential Decree 273/11, of 27 October, which enacted the Regulations on the Hiring of Foreign Technical Assistance and Management Services, was revoked. Therefore, the so-called foreign technical assistance contracts are no longer subject to licensing with the Ministry of Economy and the settlement of the relevant invoices is now handled as a regular invisible of trade transaction.

 

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This information is being updated on a regular basis.

The information provided and the opinions expressed herein have been prepared with the help of VdA Legal Partners and are of a general nature. They are not in lieu of appropriate legal advice in connection with specific cases.