Onchi

Bangladesh Bank, the country's central financial regulatory body, has opened a new door for local export-oriented businesses. The Bangladesh Bank's recommendations allow local businesses to invest in foreign countries, marking a significant step toward capital liberalization that will increase Bangladesh's export potential while also creating opportunities for competent Bangladeshis living abroad. Companies will be entitled to invest 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, with a smaller amount approved. If a corporation wishes to buy or sell a piece of its stock from a foreign company, it must first obtain approval from the Bangladesh Bank, after which it must appoint well-known investment banks or chartered accountant farms to ensure the stock's price. Since 2014, Bangladesh Bank has helped local export-oriented businesses invest $59.9 million in global markets. However, depending on the company's capacity, this procedure will expedite a wide range of chances. Loan defaulters and other businesses with a bad credit rating will be denied access to these chances. Bangladesh Bank should raise funding to evaluate foreign investments in a timely manner in order to avoid money laundering and other economic concerns.