• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

S & F CONSULTING FIRM LIMITED

Company Registration Expert

  • Home
  • About Us
    • Directors
    • Global Team Members
    • Join as Partner
  • Our Services
    • Company Registration
    • Accounting
    • Income Tax
    • Audit
    • Virtual Office
    • Business Advisory
    • Fees
  • Blog
  • Contact

January 26, 2022 By Forhad Hossain

What is Encashment/ Equity Remittence Letter in Bangladesh?

What is Encashment letter ? What is equity investment letter?

Name of Encashment letter, equity investment and equity remittence letter are same that is issued remitting bank in Bank. When foreign shareholders/ investors want to buy shares of the company must pay through TT (telegraphic transfer). Cash deposit in bank by the foreign shareholder for the purpose of equity purchase is not accepted.

Foreign shareholders must transfer money from own account equivalent of share capital in Taka to propose bank account in Bangladesh. Stated that, a temporary or proposed bank account shall be opened by bank in Bangladesh to receive equity investment capital.

How can open proposed bank account?

Foreign shareholder will propose 2-3 business names to check availability in RJSC website App dot Roc Dot Gov Dot Bd. Name approval copy, passport of the shareholder, photograph and some personal detail are required to open a proposed / temporary bank account in Bangladesh.

How long proposed account is valid?

There is no guideline from bank but as it is a temporary account so, validity is limited. After maximum 3-6 months account is closed automatically if no transaction is made.

When account become a regular ?

Well, once remittence is received and issued letter from bank as equity investment the proposed account become regular account. Either same account is converted into regular or a separate account is opened for regular banking.

Which banks are recommended to open temporary account

  • Local City Bank
  • Eastern Bank
  • State Bank of India
  • Standard Chartered Bank
  • Brac bank

Filed Under: Blog

Previous Post
Next Post

Reader Interactions

Primary Sidebar

ads

Md Forhad Hossain
Managing Director
(BA-Hons, MBA, LL.B, LL.M)
Feel free to contact me for any service related issue

Whatsapp Skype Email

Customer Service-International Desk
+601151177141

Whatsapp Skype Email

Recent Posts

  • SEO and Digital Marketing Agency in Petaling Jaya, Selangor, Malaysia
  • Company Formation in Malaysia Cost, Steps, Requirement
  • Business in Malaysia
  • Can Foreigner Hold 100% Shares of the Company in Malaysia?
  • What is Encashment/ Equity Remittence Letter in Bangladesh?
  • What You Must Do After Registration of Your Company in Malaysia?
  • Accountant Services in Portugal
  • Start a Trading Company in Thailand with Low Investment
  • All These Are The Famous IT Companies in Sri Lanka
  • Get Company Registration Certificate in Thailand

Footer

Head Office: A-03-13 Tropicana Avenue, No 12 Persiaran Tropicana,

47410 Petaling Jaya, Selangor, Malaysia

+60115117741 , Land Line: +60378871655

Mail Us:
[email protected]

Copyright © 2019 S & F Consulting Firm Limited · Company Registration Expert in Malaysia
Go to mobile version