The main features of exchange control include:
1. Convertibility of Bangladesh Taka:
The Taka is fully convertible for current account transactions. All current transactions
may be conducted by individuals/
firms without prior permission of Bangladesh Bank.
2. Opening of Bank Account by a Foreign Investor: A non-resident can open
a NITA, FC and NFCD Account with any AD in Bangladesh from abroad to fund transfer.
3. Bringing in Cash from Abroad by a Foreign Investor: A foreigner can bring exchange in any form. A declaration is required at entry time when it excess
$5000.
4. Transfer of Capital and Capital Gains: The repatriation of sale proceeds of shares may be made through an AD if such investment takes place through
NITA operation.
5. Transfer of profit and dividend accruing to a foreign investor: Post tax profit of
branches and dividends of
companies can be remitted through ADs.
6. Remittance of proceeds from liquidation of industrial under staking
7. Remittance of
royalty, technical know-how & technical assistance fees
8. Repatriation of savings, retirement benefits and salary of foreigners
employed in
Bangladesh
9. Investment Facilitating Measures