Foreign Exchanges Regulation
Generally speaking, Algerian foreign exchange rules are very strict and transfer of payments out of Algeria can raise difficulties. Repatriation of profits derived from foreign investments realized in an Algerian company through capital contributions (capital increase) is provided by the investment law and the foreign exchange regulation and can in principle be done through dividends (or the net products of the transfer of shares or liquidation). However, no repatriation of profits is allowed in case they result of trading activities (i.e, purchase/resale).
In this framework, we could assist our client in order to be compliant with the Algerian foreign exchange regulation and provide our analysis about our client’s case.