Amendments to currency legislation

19.05.2009 Belarus

Amendments and additions to the Law of the Republic of Belarus On currency regulation and currency control are approved.

Permissible procedure on trust management of individuals assets beyond the territory of Belarus is established. Private persons refering their funds abroad must receive corresponding permission of the National bank. Such measure, assumed by legislation, is directed to the protection of  belarusian investors interests abroad. Also the simplification of  the procedure of sale of a share or interest  in the capital stock of belarusian companies to investors is provided.


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