Bangladesh Bank has issued a master circular on the transfer of shares and repatriation of sale proceeds for non-residents in unlisted private and public companies. Under the circular, Authorized Dealer (AD) banks may repatriate sale proceeds of shares held by non-resident investors without prior Bangladesh Bank approval where the deal value does not exceed BDT 1 billion (BDT 100 crore), subject to fair value determined by an independent valuer. This raises the approval-free repatriation threshold from BDT 10 crore to BDT 100 crore, enabling AD banks to process larger transactions directly. The circular also provides that no independent valuation report is required where the deal value does not exceed BDT 10 million, subject to a jointly signed statement from the buyer and seller. This liberalization is expected to facilitate smoother repatriation and encourage foreign investment. The circular also introduces updated valuation, procedural and reporting requirements for such share transfers.
