Regulatory Alerts2025-06-24
Added
FEPD Circular Letter No. 24: Service payments by subsidiaries of foreign companies
This circular clarifies that parent/group controlled subsidiaries include foreign-owned or controlled companies as defined in paragraph 4(A), chapter 16 of the Guidelines for Foreign Exchange Transactions-2018, Vol.1. It extends the remittance facilities under FE Circular No. 12/2025 to companies where foreign companies or investors hold less than 50 percent of shares, provided this aligns with relevant regulatory requirements in Bangladesh or the companies' business activities are dependent on foreign investor-companies.
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