DHAKA, March 27, 2025 (BSS) - Bangladesh Bank (BB) has allowed startups to
establish legal entities abroad with an amount up to US$10,000 or equivalent.

"Applicants are required to submit applications to the Authorized Dealers
(ADS), after effecting remittances up to $10,000 or equivalent on behalf of a
resident enterprise, and report the same to Bangladesh Bank, within one month
of registration or incorporation of such legal entities abroad but not later
than six months from the date of remittance," said a BB circular issued here
today.

According to the circular, Bangladesh Bank shall consider requests from
resident companies to acquire shares abroad by exchanging their own shares or
securities with the shares of companies abroad, rather than using cash
consideration.

Investment in companies abroad through exchange of resident companies' shares
or securities is expected to be a strategic move to bring financial benefits
to resident companies.

Bangladesh Bank shall consider the proposals in which the shares/securities
swap ratio is determined in accordance with global best practices, the
circular added.