Regulatory Alerts2014-03-12
Added · Updated
FEPD Circular No. 13: Foreign owned/controlled industrial enterprises - access to short term interest free loan from parent companies/shareholders abroad
Foreign owned or controlled industrial enterprises in Bangladesh may now access short-term interest-free loans from parent companies or shareholders abroad for up to one year without prior approval. This authorization covers business needs beyond inputs procurement, provided that each loan is reported to the Foreign Exchange Policy Department through Authorized Dealer banks within one week of availing the funds. Repayments of these loans also require no prior approval but must be similarly reported through Authorized Dealer banks.
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