FEPD Circular No. 03 : Remittance of membership fees of foreign professional and scientific institutions

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 03 Date: January 20, 2014 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Remittance of membership fees of foreign professional and scientific institutions. Please refer to paragraph 9, chapter 11 of Guidelines for Foreign Exchange Transactions (GFET), Vol-1 (2009 Edition) in terms of which Authorized Dealers (ADs) are allowed to make remittance of membership fees of foreign professional and scientific institutions. 02. It is now clarified that the above facility will also be available to business/professional entities in Bangladesh with international affiliation(s). Consequently, ADs may allow remittance on account of membership/affiliation fees payable by local business/professional entities to the professional/scientific institutions abroad, in line with the instructions contained in above mentioned paragraph of GFET. Please bring the content of this circular to the notice of all concerned. Yours faithfully, (Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250