Regulatory Alerts2025-09-30
Added
Relaxation of Reporting Requirement of Temporary Non-resident Taka Accounts and Temporary Foreign Currency Accounts for Foreign Investment
The requirement to report the opening of Temporary Non-resident Taka Accounts (NRTAs) and temporary Foreign Currency (FC) accounts to the Foreign Exchange Investment Department is removed. Authorized Dealers must instead notify the department within 14 days after company incorporation, submitting relevant documents including encashment certificates and account statements. Funds may be retained in foreign currency for up to one year, and if the investment does not proceed, balances may be repatriated without prior approval, subject to a 14-day closure reporting obligation.
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