Regulatory Alerts2020-05-03
Added · Updated
FEPD Circular Letter No. 19: Working capital loans from abroad by foreign owned/controlled companies
Foreign owned or controlled companies operating in Bangladesh may access short-term working capital loans from parent companies or shareholders abroad for a tenure of one year, extendable by another year, to pay three months of staff wages and salaries. This facility excludes companies that have already obtained loans or advances from the domestic banking system under BRPD Circular No. 07 of April 02, 2020. The measure is applicable until September 30, 2020.
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