Introducing the bill, the Finance Minister said that according to the proposed law, non-resident individuals or foreign companies who will invest in Bangladesh can open offshore bank accounts.
“Offshore banking requires a license from Bangladesh Bank,” he said.
Offshore banking operations can be conducted with five currencies – the US dollar, pound, euro, Japanese yen and Chinese yen.
Any relative of a Bangladeshi living abroad can open an account and manage the account as a supporter.