Exchange Control

With potentially severe sanctions for exchange control violations, it is important to know which transactions are subject to exchange control laws and regulations, and whether the laws apply to nationals, residents, non-residents, individuals and businesses alike.

This product provides an overview of these aspects, as well as others such as whether hard currency can be taken out of the country, whether remittance of profits abroad is restricted and whether bank accounts can be held in foreign currency.

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Dentons Tamrat Assefa

Established in 2002, Dentons Tamrat Assefa (formerly Tamrat Assefa Liban Law Offices) is a leading full-service law firm in Addis Ababa. The Firm is highly experienced and well connected to government institutions, regulatory bodies, state-owned enterprises, and Ethiopia’s dynamic business community. We take pride in delivering world-class legal services to a diverse client base, ranging from multinational corporations and international investors to Ethiopian companies, development institutions, and individuals. Our Ethiopian team is an integral part of Dentons’ Africa practice, providing a full range of legal services across Ethiopia’s key business sectors. Our experienced team advises clients on matters involving both local and cross-border transactions, with in-depth knowledge of the Ethiopian legal and regulatory framework.

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