ZIMBABWE

(C) RESTRICTION

(iv) Profit and Dividends

Companies with foreign shareholding are entitled to remit 100% of after tax profits due to foreign shareholders.

Foreign investors are also permitted to disinvest and externalize the proceeds of the disinvestments without restriction as long as this is done after a period of two years from the date the investment was made in Zimbabwe. However, investors who are permanent residents of Zimbabwe cannot remit their dividends without prior approval of the Exchange Control authorities.