Law n° 92-81 of 3 August 1992
Law n° 93-120 of 27 December 1993
Law n° 94-42 of 7 March 1994
In order to finance their foreign investment:
1- Resident companies can transfer, in line with their foreign currency turnover for the previous financial year, which must not be less than 50 thousand dinars :
From 50,000 dinars to 500,000 dinars for financing liaison or representation agencies,
From 100,000 dinars to 1,000,000 dinars for financing subsidiaries,affiliates or capital acquisition in companies set up abroad.
The mentionned companies financing the above stated investment through the debit of their professional accounts in foreign currency may carry out transfers in this respect within the limit of 3,000,000 dinars per year, regardless of the type of investment and of the foreign currency turnover of the considered company.
Funds available in the professional accounts in foreign currency used in this respect must be derived from the company's exports of goods and services.
Funds needed for financing investment must be fully available in the account when the transfer is carried out.
2- Non-exporting resident companies or those having recorded foreign currency turnover of less than 50,000 dinars can transfer :
From 50,000 dinars to 250,000 dianrs for the liaison or representation agencies,
And from 100,000 dinars to 500,000 dinars for branches, subsidiaries and capital acquisition in companies set up abroad.
Exchange note of the Minister of finance n° 4 of 18 January 2005, published in the Official Journal of the Tunisian Republic n° 5 of 18 January 2005 as modified by exchange note of the Minister of finance of 2 march 2007 published in the official journal of the Tunisian Republic n°18 of 2 march 2007 and by exchange note of the Minister of finance published in the official journal of the Tunisian Republic n°20 of 10 march 2009.
Circular of the BCT to IA n° 2005-05 of 16 February 2005 as modified by the circular to IA n°2009-09 of 4 April 2009.
Resident private individuals and Tunisian legal entities or foreign legal entities established in Tunisia are authorised to hold shares in the capital of non resident companies set up in Tunisia and carryout related transfers. Terms for carrying out these transfers by the authorised intermediaries are fixed in circular of the BCT.
Exchange note of the Minister of finance of 2 March 2007 published in JORT n°18 of 2 March 2007and Circular of the BCT to IA n°2007-23 of 10 October 2007.
Resident companies having incurred contracts to provide services or to accomplish works on behalf of non-residents abroad, are authorized, to freely open at banks of countries where these contracts are carried out, accounts in currencies of these countries to save part of the income collected in this respect and meant to cover local expenditure.
This procedure concerns exclusively contracts incurred in foreign countries where the law into effect calls for the use of part of the income to cover local expenditure in national currency.
At the end of the contract, the resident company must settle any account that was opened abroad in the local currency and remit the credit amount of this account as per the law into effect.
Circular of the BCT to IA n° 2008-08 of 28 April 2008.
