Kindly read through the checklist below.

  

Check list for Individual Transactions

TRANSACTION TYPE

CHECKLIST

Imports for goods and services

· An invoice from the supplier/service provider


Business Travel Expenses

· Confirmation of travel from company.

· Use of credit/debit cards

· Maximum cash on person USD1,000.

Medical Expenses

· A referral letter from a local specialist.

· Pro forma invoices for the foreign hospital or specialist confirming cost of treatment

Education:

Tuition Fees, Living Expenses & Pocket Money

Authorised Dealers are allowed to process educational fees to meet all expenses directly related full time or correspondence course of study, including pocket money and living expenses for education, provided the following information shall be submitted;

· Letters of admission in case of new students

· Invoice and or statement of account from college university; or

· Any suitable documentary evidence from the institutions.

Examination Fees

The remittance of fees by local universities and colleges may be approved on submission of the following:-

· A list of the students’ names

· Documentary evidence from the external Examination Boards confirming amount payable.

Expatriates

· The Authorised Dealer is allowed to remit part of the salary, provided the information detailed under is submitted;

· Letter of appointment from employer

· Copy of payslip

Alimony and Child Maintenance

· Application letter;

· Divorce order where applicable; and

· Children’s birth certificate(s)

Repairs, Legal Fees and Subscriptions

· Invoices and or;

· Statements of account; and

· Renewal notices.

Sale of Tours

Payment of all-inclusive or package holiday tours outside Zimbabwe is permitted. Payment must be made direct to the travel agent or tour operator outside the country subject to submission of the following in the name of the local tour operator:-

· A breakdown of the cost of the tour; and

· A brochure

Airfares

· Invoice

Cash Donations

· Beneficiary

· Banking details

· Relationship; and

· Motivation for the donation.

· ZIMRA Tax clearance certificate


Amounts in excess of USD10,000 per transaction require prior Exchange Control approval.


Pension remittances

· Letter from Pension Fund

· Emigration authority


Family Upkeep

· Application letter

Amounts in excess of USD10,000 per transaction require prior Exchange Control approval.

 

Rentals due to non-resident residential property owners

· Lease agreement.

Any payment request not covered above 

· Application letter justifying payment for submission to R.B.Z Exchange Control for approval 

1. Remittance of property sale proceeds

2. Inheritance transactions involving non –residents

3. Authority to access an external loan


· Application letter justifying payment for submission to R.B.Z Exchange Control for approval














































































Please contact our International Banking Team for further information.