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||key points and impact
|Privacy / Data Protection
||Personal Data Protection Law, Law No. 22/11 of 17
||The Law was approved in 2011.
||Updates on this Law provide that:
- with the recent start of operations of the Data Protection
Agency ("DPA"), data processing
notifications can be freely submitted by companies;
- all companies are now obliged to comply with the legal
provisions of the Data Protection Law and deliver the relevant
notifications or applications for authorisation for data processing
in Angola to the DPA in person through an informal application
drawn up by the applicant himself, as there is not yet a specific
form for this purpose;
- any such notifications or applications shall contain all the
necessary information on the processing of data that is intended to
be collected, and be accompanied by the documentation required for
- failure to notify the DPA may carry a fine ranging from
USD75,000 to USD130,000; and
- penalties will be imposed by the DPA itself, and the respective
proceeding may be triggered by complaints or by means of a DPA
||Notice No. 11/2019 of 26 November 2019
||Published on 26 November 2019.
- establishes maximum limits to charges and costs of transactions
in foreign currency that are applied in some operations, and
defines the currency of those charges;
- prohibits the levying of any charges or costs in foreign
currency operations that are not foreseen in this Notice;
- provides that only charges and costs that are referred in this
Notice in foreign currency can be calculated based on such
currency; other charges or costs must be demonstrated in price
lists and levied in Kwanzas, and cannot be indexed to any foreign
- allows a maximum charge of 3% per transaction for purchases or
payments with a credit card;
- provides that a maximum charge of EUR2 per transaction applies
to the sale of notes in foreign currency; and
- provides that the sale of foreign currency will have a maximum
charge of 0,25% per transaction.
||Notice No. 12/19 of 2 December 2019
||Effective from 3 January 2020.
- establishes rules and proceedings that must be observed in any
foreign exchange operations by natural persons, including
operations performed by foreign exchange residents and non-foreign
exchange residents under a work visa;
- provides that:
- private operations performed in one civil year by foreign
exchange residents cannot exceed the amount of USD120,000, when
ordered by the same person, regardless of the payment instrument
- the abovementioned limit does not apply to:
- payments regarding health, education and accommodation
expenses, when paid directly to the provider of those services;
- transfer of amounts accumulated by non-foreign exchange
residents, during their stay in Angola, after their stay has
- repeals Notice No. 10/19 of 6 November, Instruction No. 1/03 of
7 February, Instruction No. 6/18 of 19 June, Directive No.
15/DSP/11 and all other regulatory provisions that are contrary to
the provisions of this Notice.
||Notice No. 13/2019 of 2 December 2019
||Effective from 2 January 2020.
- establishes the proceedings that must be observed in operations
for sale of foreign currency in relation to the oil and gas sector,
performed by the National Concessionaire and Angolan/foreign
investor companies, regardless of their status, for the settlement
of goods and services supplied by foreign exchange residents;
- companies to sell foreign currency for the settlement of goods
and services provided by foreign exchange residents, to commercial
- the exchange rate to be applied in operations for sale of
foreign currency, to be freely agreed by the parties.
||Notice No. 14/2019 of 2 December 2019
||Effective from 2 January 2020.
- establishes the limits of Commercial Banks' foreign
exchange global position and its basis of calculation;
- requires banks to daily observe a foreign exchange global
position that does not exceed 2,5% of their own regulatory
- requires the foreign exchange position to be defined in USD;
- determines that banks that register a foreign exchange position
that does not comply with the limits established in this Notice
will be unable to sell foreign currency to their clients until
their foreign exchange global position complies with those
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