Regulatory Alerts2026-03-08
FEID Circular No. 01: Master Circular on Share Transfer and Repatriation of Sale Proceeds for Unlisted Companies
Bangladesh Bank’s Foreign Exchange Investment Department issued this master circular to liberalize and streamline share transfers and repatriation of sale proceeds for non-residents in unlisted companies. Authorized Dealer banks may now repatriate funds without prior central bank approval when deal values align with audited net asset values or remain below specified BDT thresholds, while transactions exceeding these limits require independent valuations using net asset, market, or discounted cash flow methodologies. The directive mandates strict procedural timelines for memorandum execution and post-facto reporting, requires certified professionals to validate fair value, and explicitly repeals all preceding circulars governing this sector.