Bangladesh Bank on 12 March, 2014 through FE Circular No. 13 informed that foreign owned companies may from now on access interest free loans from parent companies/shareholders abroad for up to one year without any prior approval of Bangladesh Bank.
The company availing such loan must report to the Foreign Exchange Policy Department, Bangladesh Bank through their authorized dealer banks within one week of availing each such loan. Repayments of these loans will not require any prior approval.
If the tenor of the loan is more than one year, BOI’s approval will be required as usual.