BB relaxes regulations to attract FDI

The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign investors are eligible to receive their dividend in foreign currency (FC) accounts maintained in Bangladesh, according to a notification, issued by the Bangladesh Bank (BB) on Tuesday. Besides, purchasing shares with FC account funds will be treated as foreign investment. However, funds from declared dividend will be given treatment as inward remittances for reinvestment in Bangladesh, the notification added. “We’ve simplified our policy to help encouraging foreign investors to invest more in Bangladesh,” a BB senior official told the FE while explaining main objective of the policy relaxations.