FDI reports must be provided within 20 days of each quarter’s end.
February 20, 2023.
On February 16, 2023, Bangladesh Bank released SD Circular No. 02/2023, advising all AD banks and their offshore units about the move.
What’s changed?
The circular mandates all FDI receiving enterprises to submit the FDI reporting form (Form Fl-1) and supporting papers to their designated dealer bank within 20 days, rather than one month after each quarter. Similarly, outbound FDI sending enterprises must submit the FDI reporting form (Form F1-2) and supporting papers within the same time frame.
Furthermore, all FDI receiving and outward FDI sending firms must submit the FDI reporting forms (Forms FI-1 and FI-2) using the Rationalized Input Template (RIT) on the Web Portal within one month rather than 15 days after the following quarter. Hard copies of the reporting forms should also be provided to the FIED Management Cell of the Bangladesh Bank’s Statistics Department.
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