Hafijul Islam Saon

Local Bangladeshi businesses can now invest internationally up to 20% of their average exports over the previous five years or 25% of their net asset values based on the most recent audited reports, whichever is lower. Since 2014, the Bangladesh Bank, the country's central bank, has allowed local businesses to spend nearly $60 million in overseas markets. On Wednesday, Bangladesh's central bank issued guidelines permitting local businesses to invest in foreign countries, marking a key step toward capital liberalization that will increase Bangladesh's export potential and create jobs overseas. If a corporation wants to buy or sell a piece of its stock from a foreign company, it must first obtain approval from the Bangladesh Bank and then hire well-known investment banks or chartered accountant farms to guarantee the stock's price. Investors regard countries that have been recognized by the Financial Action Task Force to be safe zones.