Bhikha & Popat - Sociedade de Advogados, Limitada is committed to going beyond traditional legal counsel by sharing relevant, practical knowledge that supports informed decision-making.
It is with this purpose in mind that we are launching “Legal Note,” an initiative through which we will address current legal issues that directly impact the activities of individuals and businesses in Mozambique.
In this first edition, we examine the legal framework applicable to the opening and operation of bank accounts abroad under the recent foreign exchange legislation, highlighting:
• Key legal requirements;
• The procedures applicable before the Bank of Mozambique; and
• The main risks associated with non-compliance.
In a context of increasing regulatory scrutiny, understanding and complying with these obligations is particularly important for individuals and businesses engaged in international operations.
