Voluntary regularization 2020

From January 1 to October 31, 2020, resident natural and legal persons who have accumulated assets and liquidities abroad in violation of foreign exchange and tax regulations may make their declarations directly with the bank of their choice.

Established by article 8 of the 2020 finance law, the voluntary regularization operation ORS 2020 constitutes for holders of assets and liquidity abroad the last chance to comply with exchange regulations and free themselves from any administrative or legal action, in respect of the assets subject to the declaration.

Based on anonymity, trust and confidentiality, the ORS 2020 establishes a voluntary declaration process allowing subscribers to benefit from several advantages and facilities granted by the exchange regulations.

For more information, discover our new ORS 2020 section.