Everything You Need to Know About PPR Accounts in Tunisia: Legal Framework, Operation, and Best Practices

1. What is a PPR Account?

A PPR account (Personne Physique Résidente) is a specialized bank account denominated in foreign currency or convertible dinars, designed for natural persons holding foreign exchange residency in Tunisia. Established by BCT

Circular No.2017-04, it facilitates managing foreign currency assets while ensuring compliance with Tunisian foreign exchange regulations.

2. Who Can Open a PPR Account?

PPR accounts are mainly intended for:

• Tunisians residing abroad who transfer their residence to Tunisia.

• Tunisians residing in Tunisia holding assets abroad.

• Foreign nationals residing in Tunisia for more than two years (continuous or intermittent).

• Service providers, diplomats, and public officials posted abroad.

The key condition is to hold the legal status of foreign exchange resident.

3. Opening Requirements and Necessary Documents

To open a PPR account, banks require:

• Valid identity document (passport for non-Tunisians).

• Sworn statement confirming no other PPR account is held.

• Proof of residency compliant with BCT foreign exchange rules.

• For Tunisians, evidence of foreign exchange residency or permanent return to Tunisia.

4. Operation and Permitted Transactions on a PPR Account

4.1. Authorized Credits

• Regular foreign currency income (pensions, rents, dividends, inheritances).

• Compensation for services provided to non-residents.

• Savings from diplomats’ and officials’ salaries.

• Financial products acquired abroad regularly.

4.2. Debits and Limits

• The account cannot be overdrawn; it is strictly regulated.

• Withdrawals in Tunisia are in Tunisian dinars; payments abroad can be made using an international prepaid bank card.

• Transfers to personal foreign accounts are prohibited except in case of permanent departure.

• Certain major debits require prior BCT authorization.

5. Benefits of the PPR Account

• Strict compliance with Tunisian foreign exchange regulations.

• Simplified management of foreign currencies for residents.

• Legal receipt and use of foreign currency income.

• Facilitated international transactions for individuals and professionals.

6. Obligations and Sanctions Related to PPR Accounts

• Prohibition on holding multiple PPR accounts simultaneously.

• Compliance with limits and declaration procedures for foreign currency transactions.

• Financial and criminal penalties for non-compliance, including fines and asset seizures.

  
  

FAQ – Common Questions About PPR Accounts in Tunisia

Q1: What is the difference between a PPR account and a regular bank account in Tunisia?
A PPR account is a special foreign currency or convertible dinar account for foreign exchange residents, with strict credit and debit rules. Regular accounts are in Tunisian dinars and less regulated.

Q2: Can I open multiple PPR accounts at different banks?
No. Regulations require individuals to hold only one PPR account to avoid duplication and facilitate monitoring.

Q3: What documents are needed to open a PPR account?
Valid ID, sworn declaration of no other PPR account ownership, and proof of foreign exchange residency.

Q4: Can I freely transfer money abroad from my PPR account?
No. Transfers to personal foreign accounts are prohibited unless you permanently leave Tunisia. Authorized methods include prepaid cards and BCT-approved wire transfers.

Q5: What types of income can I receive in a PPR account?
Pensions, rents, dividends, payments for foreign services, inheritances, and other regular foreign currency incomes.

Q6: What sanctions apply for non-compliance with PPR rules?
Financial fines, legal prosecution, and asset seizure can be enforced in cases of false declarations or misuse.

Need Expert Assistance?

Luca Pacioli firm offers full support for:

• Opening and managing your PPR account optimally.

• Ensuring compliance with Tunisian foreign exchange regulations.

• Declaring foreign assets and managing your international cash flows.

Contact us today to secure your international financial operations.