BB to provide investors with 8 services through One-Stop Service

The Bangladesh Bank will provide the investors with eight types of services through the One-Stop Service portal.

The central bank signed a memorandum of understanding with the Bangladesh Investment Development Authority (BIDA) over the One-Stop Service.

Representatives of the two organisations signed the MoU in the Jahangir Alam conference room of Bangladesh Bank in the presence of BIDA Executive Chairman Lokman Hossain Miah and Governor Abdur Rouf Talukder on Sunday.

According to the MoU, investors will get the opportunity to take term loans in foreign currency from offshore banking units through the online one-stop service. In addition, a company’s profit from abroad can be brought back to the country. On the other hand, consultancy fees can be remitted abroad. Apart from this, companies that are not listed in the capital market can take money abroad by selling shares of foreign owners to local companies.

And if the foreign company in Bangladesh is closed, the remaining money will be allowed to be sent abroad.

BIDA plans to provide 150 services through the one-stop service within the next six months. Currently, the authority is providing 67 services, and 12 more services will be added in a short period of time.

The central bank governor said, “We have already signed an MoU to provide eight services through One-Stop Service Portal and we will try to provide the services through this as soon as possible in the next one month.”