Mahbub & Company | Business

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Business

08 Jul Ministry of Commerce issues detailed guidelines on e-commerce business

Posted at 05:44h in E-Commerce

After the Bangladesh Bank recently published guidelines on payments to digital commerce businesses (DCB) in their circular dated 30th June 2021, the Ministry of Commerce has published further guidelines, namely the Digital Commerce Operational Guidelines on 4th July 2021, mainly covering consumer protection aspects. The...

25 May Provision made for online opening of temporary accounts by foreign investors

Posted at 11:07h in Foreign Investment

For ease of business and for overall growth of foreign direct investment in Bangladesh, the Central Bank has issued a circular with regard to opening of temporary Non-Resident Taka Accounts (NRTA) and temporary foreign currency accounts. The Central Bank through its recent circular has provided the scope of opening temporary NRTA and...

21 Apr Sending royalty, franchise fees abroad eased by Bangladesh Bank

Posted at 11:28h in Financial Law, Foreign Investment

Domestic and foreign companies will now be able to send a limited amount of money abroad as technical assistance fee, royalty, or franchise fee without prior approval of the Bangladesh Investment Development Authority (BIDA). Earlier, in order to pay royalties, technical assistance fee, franchise fee, advance fee and contractor...

09 Aug Relaxation in repatriation of proceeds of sales and transfer of shares for foreign investors

Posted at 03:25h in Business, Financial Law, Foreign Investment

The Bangladesh Bank has untied its policies to a certain extent with regard to repatriation of sales proceeds of shares held in non-listed companies by foreign investors. In this regard, the Foreign Exchange Invest Department (FEID) of Bangladesh Bank has issued a circular letter on 18 June, 2020, addressing all...

13 Jul International Factoring: A new door opened for exporters

Posted at 07:56h in Business, Trade Finance

Wahid Sadiq Khan, Associate, Mahbub & Company International factoring is a service dedicated forcompanies which are involved in the business of import and export of goods and services. Companies transacting in international trade, regardless of its size and industry often face a demand from the importers for an account trade and...