Common use of Repatriation of Capital, Profits and Income Clause in Contracts

Repatriation of Capital, Profits and Income. 1. Each Contracting Party shall guarantee that all products of investment in its territory by an investor of the other Contracting Party may be freely transferred into and out of its territory and without undue delay after fulfillment of all tax obligations. Such transfers include in particular though not exclusively: a) capital and additional capital, including reinvested earnings used for maintenance and expansion of the investment b) net income, dividends, royalties, payments for technical assistance and services, interest and other profits; c) income from the total or partial sale or liquidation of an investment; d) The funds in repayment of loans secured for an investment and the payment of interest arising therefrom; e) The remuneration and allowances to nationals of the other contracting party and to their work for services rendered in connection with an investment in the territory of the other Contracting Party, except to the extent and under the conditions laid down by the national laws and regulations in force; f) Any payments as compensation referred to in Article IV. 2. The tax obligations referred to in paragraph 1 above shall be paid when the investor has complied with the procedures laid down by the legislation of the Contracting Party which has received the investment. 3. Without prejudice to the scope of Article III of this Agreement, the Contracting Parties undertake to apply to transfers referred to in paragraph 1 of this Article a treatment as favourable as that accorded to the investments made by investors of third States. 4. Where, to cause serious problems associated with the balance of payments, a Contracting Party may temporarily be obliged to restrict the transfer of funds, such restrictions shall not be applied to investments related to this Agreement that on an equitable, non-discriminatory basis and in good faith.