Regulatory Alerts2026-06-22
Remittance of Consular Fees
Bangladesh Bank's Foreign Exchange Policy Department-1 (FEPD-1) issued Circular Letter No. 09, substituting paragraph 31(1) of FE Circular No. 37 to allow foreign embassies to remit collected consular fees and visa processing fees abroad without prior central bank approval. Consular fees collected in Taka and deposited in a dedicated Authorized Dealer (AD) account, as well as visa processing fees collected via resident agents, can now be remitted to designated bank accounts. Authorized Dealers must ensure visa fees align with embassy rates, obtain invoices with applicant-wise statements, and deduct applicable taxes for these remittances.
Share