Regulatory Alerts2020-07-07
Added · Updated
FEPD Circular No. 26: Transactions relating to foreign direct investment in Bangladesh
Authorized Dealers may credit dividends payable to foreign shareholders to their foreign currency accounts in Bangladesh, provided the funds arrived in accordance with GFET Chapter 10 and transactions follow TM Form procedures for outward remittances. Encashment of these balances for local disbursements is treated as inward remittances subject to Form-C procedures. The purchase of shares using funds held in foreign currency accounts is treated as foreign investment, requiring compliance with GFET Chapter 9 instructions. Declared dividends used for reinvestment through share purchases must be reported by investee companies to the Foreign Exchange Investment Department and Statistics Department within 14 days of share issuance.
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