Rule · BB · 14 Nov 2019

FEPD Circular Letter No. 27: Opening of branch offices abroad

The document clarifies that the term 'residents in Bangladesh' for the purpose of opening branch offices abroad refers to legal resident entities other than banks and financial institutions licensed under the Bank Company Act, 1991 and Financial Institutions Act, 1993. This interpretation applies to the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1, read with FE Circular No. 16, dated 18 April 2019. Authorized Dealers in Bangladesh are instructed to bring this clarification to the notice of all concerned constituents.

BangladeshBangladesh Bank

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 27 Date: 14/11/2019

Head offices/principal offices of all
Authorized Dealers in Bangladesh

Dear Sirs,
Opening of branch offices abroad

Please refer to paragraph 24, chapter 10 of the Guidelines for Foreign Exchange Transactions2018 (GFET), Vol-1, read with FE Circular No. 16, dated 18 April 2019 regarding opening of branch offices abroad by the residents in Bangladesh.

This is to clarify that the residents in Bangladesh shall mean those legal resident entities
other than banks and financial institutions licensed under the Bank Company Act, 1991 and Financial Institutions Act, 1993 respectively.

Please bring the above clarification to the notice of all concerned constituents.

Yours faithfully,

(Muhammad Khurshid Wahab)
General Manager
Phone: 9530123

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

Mentions (1): 1 document this one mentions without changing it

Refers to

FEPD Circular No. 16: Opening of branch offices abroad2019 · BB
“ase refer to paragraph 24, chapter 10 of the Guidelines for Foreign Exchange Transactions2018 (GFET), Vol-1, read with FE Circular No. 16, dated 18 April 2019 regarding opening of branch offices ab”