What is the procedure for outward remittances of dividend, profit, etc.?
Oct 11, 2021
Dividend:
• Dividend income (both final and interim) can be remitted through an authorized dealer of the non-resident shareholders. The application has to made in the prescribed form certified by an auditor.
• Remittable dividend can be credited to foreign currency accounts maintained by the non- resident shareholders as per FE Circular No.29 (Jul. 2020) of Bangladesh Bank.
Profits:
• Branches of foreign companies, banking and insurances institutions incorporated in
Bangladesh can remit post-tax profits to the head offices through an authorized dealer.
• However, branch offices other than banks and insurances need permission from BIDA and
Bangladesh Bank for remitting profits.
Repatriation of saving, retirement benefit and salary of expatriate employee:
Foreigners employed in Bangladesh can remit 75% of monthly salary after deducting all
admissible expenses, saving and admissible retirement benefit through an authorized dealer.