Regulatory Alerts2017-04-09
Added · Updated
Release of foreign exchange on account of visa fee
Authorized Dealers in Foreign Exchange in Bangladesh are permitted to remit visa fees collected by resident agents abroad to bank accounts designated by foreign embassies or their home offices. Remittances must adhere to rates determined by the embassies, require an invoice supported by a visa applicant-wise statement of collection, and include the deduction of applicable taxes. Additionally, fees related to immigration under paragraph 12 of Chapter 11 of the Guidelines for Foreign Exchange Transaction-2009 may be remitted to agents nominated by concerned authorities, and fees for countries without embassies in Bangladesh may be sent to nominated visa agents abroad.
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