Exchange Control Regulation

Malawi applies foreign exchange control rules in terms of the Exchange Control Act, which is administered through commercial banks and foreign exchange bureaus under the supervision of the Reserve Bank of Malawi (RBM).

There are no restrictions on remittance of foreign investment funds (including capital, profits, loan repayments and lease repayments) if the capital and loans that were obtained from foreign sources and registered with the Reserve Bank of Malawi (RBM).

Foreign investors are generally free to repatriate after-tax income. However, foreign direct investment in the form of equity and loans as well as management, technical services, licensing, and royalty agreements must be registered with the RBM.

Remittances of payments for interest, management fees, licenses, royalties, and similar fees require prior RBM approval.