FEID Circular Letter No. 01: Issuance of No Objection Certificate for Foreign Company Offices — BB — BD

Foreign Exchange Investment Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FEID Circular Letter No.01 Date: 16/05/2021
Head Offices/Principal Offices of all
Authorized Dealers in Bangladesh
Dear Sirs,
Issuance of No Objection Certificate in favour of branch, liaison, representative offices of foreign companies. Please refer to paragraph 3(c), chapter 17, Section II of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1.
2. In above paragraph it has been instructed that in case of change of nominated ADs,
branch, liaison, representative offices, etc. shall collect a no objection certificate from the current nominated bank for onward submission to new nominated bank. It has been informed from stakeholders that some ADs are making undue delay to issue the same. In this circumstances, current nominated Authorized Dealers(ADs) of branch, liaison, representative offices are advised to issue no objection certificate without any delay mentioning the pending regulatory issues, if any. Please bring the instructions of this circular letter to the notice of all concerned. Yours Faithfully, (Safiqur Rahman) Deputy General Manager Phone: 02-9530749

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Referred to by

FEID Circular No. 01: Issuance of No Objection Certificate for Foreign Company Offices and Bank Account Closure Notification2023 · BB
“Please refer to Paragraph 3(c), Chapter 17, Section II of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1, FEID Circular Letter No. 01 dated 16-05-2021”