Wednesday 20 September 2017 ,
Wednesday 20 September 2017 ,
Latest News
  • Suu Kyi ‘burying her head in sand’ over Rakhine horrors: AI
  • UN investigators demand 'full, unfettered' access to Myanmar
  • Suu Kyi to soon understand crisis: Kamal
  • Trump assures PM of all supports on Rohingya issue
  • 5 dubious claims Myanmar's Aung San Suu Kyi made in her speech
16 July, 2017 06:27:08 PM
Print

BB eases forex regulations for Cos in EPZs

Independent Online Desk
BB eases forex regulations for Cos in EPZs

Bangladesh Bank (BB) has relaxed foreign exchange regulations for the companies in Export Processing Zones (EPZs) to bring uniformity in regulations between enterprises of EPZs and Economic Zones (EZs). 

"Equity from foreign shareholders and authorized loan received in foreign currency from external sources may be credited in Foreign Currency (FC) accounts of 'Type A' and 'Type B' enterprises of EPZs," said a BB circular here today.

'Type C' enterprises of EPZs may obtain foreign exchange from Authorised Dealers (ADs) to settle obligations for importing capital machinery by the conversion of equivalent equity and authorized loan received in local currency, the circular added. 

Similarly, 'Type B' enterprises may convert their local equity or authorized loan received in local currency into foreign exchange to settle obligations for importing capital machinery if equity or authorized foreign loan received from abroad falls short to meet such obligations.

Instructions regarding repayment of Taka loans along with interest shall remain unchanged.

According to the Bangladesh Export Processing Zone Authority (BEPZA), 100 percent foreign owned including Bangladesh nationals ordinarily resident abroad are Type-A company. 

Joint venture between foreign and Bangladesh entrepreneurs resident in Bangladesh are Type-B company and 100 percent Bangladesh entrepreneurs resident in Bangladesh are Type-C company.bss.

Comments

Poll
Today's Question »
BNP leader Amir Khasru Mahmud has urged the govt to make its position clear on Rohingyas and tell the nation how it wants to deal with it. Do you support this call?
 Yes
 No
 No Comment
Yes 100.0%
No 0.0%
No Comment 0.0%
Video
More Business Stories

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting