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Assets of Tunisia

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  Exchange Control Regulation
 
 

The non-residents according to the exchange legislation are :

• Tunisian or foreign entities established overseas
• Foreign physical entities living overseas
• Foreign employees working in Tunisia regardless of the length of their stay
• Tunisian physical entities living overseas for more than 2 years

Non-resident derogatory status is granted to financial and banking institutions working exclusively with non-resident, to companies whose capital is held by Tunisian or foreign non-residents by means of an import of convertible currency amounting to at least or equal to 66% of the totally exporting companies capitals, and to companies established in the economic free zones of Bizerte and of Zarzis and to international trade companies.

Foreign Contribution

The foreign resident or non-resident, can control up to 100% of the capital of a project of investment without any authorization, except for certain service activities which are not totally exporting and which require the authorization of the investment commission.

Foreign Currency Accounts

Foreign investors can open convertible Tunisian Dinar account without pior authorization to deposit :

• The amount transferred from overseas
• Foreign currency upon the presentation of an import declaration duly signed by Customs
• Transfers from other hard currency accounts into convertoble Tunisian Dinars
• All interests credited to this account

 

92 Avenue Jugurtha-Mutuelleville - 1002 Tunis-Belvédère - Tunisia
Phone: (+216) 71 798 100 - Fax: (+216) 71 787 820
e-mail : j.bouraoui@jbcoonline.com.tn