Govt offers 2.5pc incentive on compensation remittances

The government has offered a 2.5% incentive for Bangladeshi expatriates who will legally transfer compensation funds — received for deaths or injuries abroad from employers or insurance companies — back to Bangladesh.

The central bank’s Foreign Exchange Policy Department issued the directive on Thursday with immediate effect.

Currently, the government offers a 2.5% incentive only for wage earners' remittances sent by expatriates.

According to the directive, expatriates or their families will only be eligible for the 2.5% incentive if compensation funds are legally transferred to Bangladesh.