Regulatory Alerts2020-01-13
Added · Updated
FEPD Circular No. 02: Foreign exchange transactions for IT/Software firms
The limit for Authorized Dealers to remit foreign exchange on behalf of IT/Software firms that are members of BASIS is enhanced from USD 30,000 to USD 40,000 per calendar year. The allowable amount for international cards within this limit is increased from USD 6,000 to USD 8,000, subject to limit availability and specified formalities. The yearly entitlement may be used for bonafide current needs, including digital marketing expenses, while remittances for royalty, technical knowledge, or franchise fees remain subject to prior approval from the Bangladesh Investment Development Authority. These instructions are effective immediately.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.