Regulatory Alerts2014-01-20
Added · Updated
FEPD Circular No. 03 : Remittance of membership fees of foreign professional and scientific institutions
Authorized Dealers in Bangladesh are permitted to allow remittances for membership or affiliation fees payable by local business and professional entities with international affiliations to foreign professional or scientific institutions. This clarification extends the existing facility under paragraph 9, chapter 11 of the Guidelines for Foreign Exchange Transactions (GFET), Vol-1 (2009 Edition) to these local entities. Remittances must be processed in line with the instructions contained in the aforementioned paragraph of GFET.
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