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

Repatriation of Capital, Profits and Income. 1. Each Contracting Party shall ensure that all payments relating to an investment of an investor of the other Contracting Party may be freely transferred into and out of its territory without undue delay after the fiscal obligations have been met. Such transfers shall include, in particular, though not exclusively: a) Capital and additional capital, including reinvested income, used to maintain and increase investment; b) The net income, dividends, royalties, payments for assistance and technical services, interests and other profits; c) Income deriving from the total or partial sale or the total or partial liquidation of an investment; d) Funds to repay loans connected to an investment and the payment of the related interests; e) Remuneration and allowances paid to nationals of the other Contracting Party for work and services performed in relation to an investment effected in the territory of the other Contracting Party, in the amount and manner prescribed by the national legislation and regulations in force; f) Compensation payments provided for in Article 5. 2. The fiscal obligations under the previous paragraph are deemed to be complied with when the investor has fulfilled the procedures provided for by the legislation of the Contracting Party on whose territory the investment has been carried out. 3. Without restricting the scope of Article 4 of this Agreement, the Contracting Parties undertake to apply to the transfers mentioned in paragraph 1 of this Article the same favourable treatment accorded to investments effected by investors of Third States, in case it is more favourable.