Maintenance of foreign currency (FC) accounts for foreign investment

FE Circular No. 10
Bangladesh Bank has permitted foreign investors to open temporary FC Accounts in the names of proposed local companies for the purpose equity investment injection. The funds transferred in temporary FC accounts may be utilized for the following:
– Authorized outward payments related with capital expenditures
– Encashment into local currency (taka) &
– Transferring the funds in temporary FC Accounts to new FC Accounts.