Regulatory Alerts2021-01-19
Added
FEPD Circular No. 04: Working Capital Loans from Abroad by Foreign Owned/Controlled Companies
Foreign owned or controlled companies engaged in services output activities in Bangladesh are now permitted to avail short-term loans from parent companies or shareholders abroad, excluding trading businesses. The maximum loan tenure is extended to six years from the inception of manufacturing or services output activities, with options to renew or extend within that period. Interest on such loans may be paid in convertible foreign currencies at a maximum rate of 3.00 percent per annum until further directives are issued.
Topics
fx
credit
Share