Authorised Dealers are advised that as a further administrative reform, residents who have permanently resided outside the Republic without placing their emigration formalities on record, may have their emigration formalised against the submission of a belated completed and signed Form M.P.336(b) to an Authorised Dealer, without reference to the Financial Surveillance Department. The date from […]

Authorised Dealers are advised that the 10 per cent exit levy in respect of liquid assets and/or the export of quoted securities of emigrants’ blocked assets has been withdrawn. The current procedures as outlined in Section B.2(E) of the Exchange Control Rulings have also been revised. The Financial Surveillance Department will consider applications by emigrants