2. Will the Branch office(s) be able to receive profit from the JV (current set up)?

Yes, Branch office(s) be able to receive profit from JV. According to Bangladesh Bank Foreign Exchange
policy department’s Guidelines for foreign exchange transactions Ads may without prior Bangladesh
Bank approval remit abroad the profits off branches a foreign firms and companies. For joint venture
enterprises, Bangladesh Bank shall allow remittance of the foreign partner’s/collaborator’s share of
profit on submission of application alongwith audited Balance Sheet, Profit and Loss Account etc. and
other papers as per instructions contained in paragraph 31(a)-(g)