, March 27 -- Bangladesh Bank has allowed Bangladeshi startup businesses to invest up to US$ $10,000 or equivalent foreign currency to form a single company abroad.

According to a circular issued by the central bank on Thursday, startup businesses in Bangladesh can send $10,000 to form a single company abroad. This permission has been granted under the Foreign Exchange Control Act, 1947.

As a result, the resident companies can now send remittances to establish companies abroad by applying to the bank.

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According to the circular, Bangladeshi citizens at the individual level have been allowed to establish companies abroad in the same manner. In this c...