Foreign fund repatriation refers to the process by which foreign investors transfer their earnings, profits, or capital back to their home country from an overseas investment. This includes the return of dividends, interest, royalties, or sale proceeds from investments made in another country.

The process involves compliance with local regulations and often requires documentation to ensure legality and transparency. In Bangladesh, repatriation is facilitated by the central bank and requires adherence to foreign exchange regulations. This process ensures that investors can benefit from their international investments while maintaining proper regulatory oversight. Repatriation is crucial for attracting and retaining foreign investment, as it guarantees that investors can access their funds when needed.

Documents Require For Foreign Fund Repatriation

For foreign fund repatriation in Bangladesh, the following documents are typically required:

  • Repatriation Application: A formal application to the relevant bank or financial institution.
  • Bank Statements: Statements showing the source and amount of funds to be repatriated.
  • Audited Financial Statements: Certified financial statements of the company.
  • Board Resolution: A resolution from the company’s board of directors approving the repatriation.
  • Tax Clearance Certificate: Proof of tax compliance and clearance from the National Board of Revenue (NBR).
  • Profit and Dividend Declaration: Documentation of declared profits and dividends approved for repatriation.
  • Exchange Control Forms: Forms required by the Bangladesh Bank for foreign exchange control compliance.
  • Investment Agreement: Copy of the original investment agreement or contract.
  • Proof of Initial Investment: Documentation showing the original foreign investment into Bangladesh.
  • Certificate of Incorporation: Company registration certificate from the Registrar of Joint Stock Companies and Firms (RJSC).
  • Other Regulatory Approvals: Any additional approvals required by local regulatory authorities.

These documents ensure that the repatriation process is legal, transparent, and compliant with Bangladesh’s foreign exchange regulations.

Foreign Fund Repatriation | Right Solution 

Right Solution ensures effective service for Foreign Fund Repatriation through the following steps:

  • Expert Guidance: Providing expert advice on the repatriation process, including regulatory requirements and documentation.
  • Document Verification: Thoroughly reviewing all required documents to ensure completeness and accuracy.
  • Facilitated Application Process: Assisting in filling out repatriation applications and forms accurately.
  • Liaison with Authorities: Communicating and coordinating with relevant authorities, such as banks and regulatory bodies, on behalf of the client.
  • Timely Follow-up: Regularly following up with authorities to expedite the repatriation process and address any issues promptly.
  • Compliance Assurance: Ensuring that all repatriation activities comply with local regulations and foreign exchange laws.
  • Transparent Communication: Maintaining clear and transparent communication with the client throughout the repatriation process.
  • Post-Repatriation Support: Providing support and assistance after repatriation, including confirmation of successful transactions and any necessary documentation for record-keeping.