Regulatory Alerts2013-04-15
Added · Updated
FEPD Circular No. 06: Family remittance facility for foreign nationals resident in Bangladesh
The document amends Paragraph-8, Chapter-11 of the Guidelines for Foreign Exchange Transactions (GFET), 2009 to increase the monthly remittance limit for foreign nationals resident in Bangladesh with income in the country from 50% to 75% of their net income. This change applies to remittances made to the country of domicile out of current savings to cover commitments abroad. The revised limit takes immediate effect, while other instructions in the referenced GFET paragraph remain unchanged.
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