Recommendation 1 Recommendation 2 Recommendation 3 Recommendation 4

Recommendation 5 Recommendation 6 Recommendation 7 Recommendation 8

Market selection

Recommendation 7

Investor compliance with the laws and regulations in the home countries of their investments should be part of their regulators' due diligence process. They, in turn, should be treated equitably in the home country of their investments especially in respect to their rights to shareholder benefits and concessionary arrangements under double tax agreements.

1.	Do domestic regulators monitor the procedures in place at their locally based cross-border custodians to assure compliance with the laws and regulations of the home countries of their investments?	Yes.
2.	What are the areas (e.g. benefits, investor compensation) where foreign investors are not treated in the same way as local investors?	No such areas. Foreign and local investors are treated tge same way.
3.	Can sales proceeds and income be repatriated without any restrictions?	There is currency control. Realized capital gains and income can be repatriated anytime. However, before the repatriation, foreign investor have to 1)either appoint a tax guarantor whose responsibility is to ensure that all taxed are duly paid or 2) apply directly with the tax authorities by presenting the tax clearance certificates issued by the company registrars or other interest paying agents.
4.	Are double tax agreements simple to apply, and do foreign investors receive promptly their full entitlement to dividends and interest payments?	Foreign investor receives promptly their dividends and interest payment.