Regulatory Alerts2024-10-17
Added
Remittance of aircraft lease rental by airlines incorporated in Bangladesh
Authorized Dealers may now effect remittances for aircraft lease rentals by Bangladeshi airlines up to guaranteed hours without specific prior approval from Bangladesh Bank, subject to verifying bonafides. This process requires submission of an application, operational permissions, valid agreements, invoices, audited financial statements, tax proof, and a repatriation undertaking. Authorized Dealers must ensure applicants are regular in reporting and repatriating surplus earnings, utilize foreign currency funds first, maintain separate files for inspection, and report transactions to the concerned area office. Remittances are restricted to designated branches with intimation to the head office or area office.
Topics
fx
payments
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