2024 Bangladesh Offshore Banking Bill aims to enhance foreign currency reserves and attract foreign investment.
Bangladesh's Offshore Banking Bill 2024, introduced by Finance Minister Abul Hasan Mahmud Ali, aims to enhance foreign currency reserves and attract foreign investment. Offshore banking accounts can be opened by non-resident individuals and foreign firms with a license from Bangladesh Bank. The bill exempts interest or profits from direct and indirect taxes, allows free remittance of money from the country, and requires separate books of account for offshore operations.
March 02, 2024
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