The Bangladesh Bank has widened the scope for local subsidiaries of foreign companies to remit service payments abroad, even if their foreign shareholding is below 50 per cent.
In a circular issued on Tuesday, the central bank clarified that local entities with less than 50 per cent foreign ownership may now remit funds abroad for services received from or through their parent, group, or associated companies 鈥� provided they meet certain regulatory or operational criteria.
The directive expands on the central bank鈥檚 earlier circular issued on February 19, 2025, which had allowed remittances only by subsidiaries where the parent or group company held more than 50 per cent ownership.
That earlier policy was aimed at facilitating payments for services such as IT, marketing, training, consultancy, or administrative support sourced from foreign affiliates.
Under new directive, authorised dealers will be able to process such outward remittance requests from eligible companies, provided other conditions are met and documentary evidence is submitted.