Regulatory Alerts2020-01-30
Added · Updated
FEPD Circular No. 04: Foreign investment in EPZ enterprises and repatriation procedures
The Foreign Exchange Policy Department mandates that Authorized Dealers report the issuance or transfer of shares in 'Type A' and 'Type B' enterprises of the Export Processing Zones to the Foreign Exchange Investment Department and Statistics Department of Bangladesh Bank. Remittances for dividends to non-resident shareholders of these enterprises must follow instructions from paragraph 9 of chapter 20 of the Guidelines for Foreign Exchange Transactions-2018 and FE Circular No. 21. Additionally, the repatriation of sales proceeds for shares held by non-resident investors in unlisted EPZ enterprises is subject to compliance with FEID Circular No. 1 dated May 06, 2018.
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