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Article 6 Transfer of Payments

Article 6
Transfer of Payments

 

1. Each Contracting Party guarantees investors of the other Contracting Party after fulfilment of all tax obligations the unhindered transfer abroad of payments in connection with capital investments, including:

a) incomes;

b) resources paid to return debts and credits recognised by both Contracting Parties as capital investments, and accumulated interest ;

c) resources received in connection with partial or complete liquidation or sale of capital investments;

d) the compensation envisaged in articles 4 and 5 of this Agreement;

e) salary and other remunerations received by an investor and natural persons of the other Contracting Party who are allowed, in connection with the capital investment, to work in the territory of the first Contracting Party.

2. Transfers of payments shall be made without delays in freely convertible currency at the rate current on the date of the transfer in accordance with the currency legislation of that Contracting Party on the territory of which the capital investment is effected.