FAQ , Overseas Remittance/ Repatriation

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.