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» Why Invest in Bangladesh?
» Industrial Policy Reforms
» Reform and Liberlization of Policies
» Investment Guarantee
» Potential Areas for Investment
» Major Exportable Items
» Tourism
» Facilities to Non-Bangladeshi Residents
» Banking and Finance
» Export Processing Zone
» Courtsey Services
» Telephone and Fax Numbers of Relevant Organisation
» Hotels
   
 
     
     
  Why invest in Bangladesh?  
 
» 140 million population
» 50 million civilian labour force
» trained and educated workforce at low wage rate
» sizeable domestic market
» political stability
» steady growth of GDP
» stable rate of exchange
» low interest rate
» low rate of inflation comfortable foreign exchange reserve
   
» Investment Guarantee
» Incentives
» Potential Areas for Investment
» Contact points
 
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  Industrial Policy Reforms  
 
» Liberalized Industrial Policy
» Export-oriented, private sector-led growth strategy
» No limitation pertaining to equity participation i.e. up to 100 per cent foreign private investment allowed
»
Except five reserve sectors, all industries are open for private investment. Industries earmarked for public sector investment are included in the reserve sector namely: (I) arms, ammunition and other defence equipment and machinery (ii) production of nuclear energy (iii) forest plantation and mechanized extraction within the bounds of reserved forests (iv) security printing (currency notes) and minting, and (v) railways and air transportation (except certain domestic routes and air cargo)
» No permission of the Government required to set up new industries
»
For obtaining institutional facilities like procurement of land, electricity, gas and sewerage connection, importation of capital machinery and raw materials, tax rebate, duty drawback facilities etc., industries need only to be registered with the Board of Investment (BOI) in a simple prescribed from
 
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  Reform and Liberlization of Policies  
 
» Creation of Law Reform Commission to update existing Laws
» Setting up Administrative Reform Commission to modernise the administrative system and to remove bureaucratic roadblocks
» Enactment of law allowing private sector to establish export processing zones
» Approval of policy parameters and incentives for private power generation
» Identification of road blocks on the way of implementation of projects and measures to remove them
» Updating of Companies Act and relevant laws
 
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  Investment Guarantee  
 
Foreign Private Investment (Promotion and Protection) Act, 1980 ensures legal protection to foreign investment in Bangladesh against nationalization and expropriation. It also guarantees repatriation of capital and dividend and equitable treatment with local investors. Adequate protection is available for intellectual property rights, such as patents, designs and trade marks and copyrights. Bilateral Investment Guarantee Agreements have been signed with a number of countries. Bangladesh is signatory to MIGA, OPIC of USA, ICSID and member of WIPO Permanent Committee on development co-operation related to industrial property.
 
     
  Facilities Incentives  
 
» tax holiday from 5-10 years depending on location of industries
» 15 year's tax holiday for private power generation companies
» facilities for repatriation of invested capital, profit and dividend
» exemption of tax on interest on foreign loan
» tax exemption on royalties, technical know-how and technical assistance fees
» avoidance of double taxation on the basis of bilateral agreement
» six months multiple entry visa for the investors
» TAKA, the nation's currency, is convertible for international payments in the current account
» Re-investment of repatriable dividend treated as new investment
» Working capital loan, as well as term loan, from local commercial banks allowed to the industries set up with foreign capital
» Citizenship by investing a minimum of US$ 5,00,000 or by transferring US$ 10,00,000 to any recognized financial institution (non repatriable)
   
 
  Incorporation of a Company in Bangladesh  
 
In Bangladesh, business may be carried on by a locally incorporated company and a foreign company incorporated outside but registered in Bangladesh.
 
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  Potential Areas for Investment  
 
Investments in areas of manufacturing and services are welcome. Investors are free to choose fields of investment. However, from the point of view of comparative advantage, the following are potential areas for investment.
 
     
  Textile: export market of US$ 2 billion from the garments sector and a large domestic market.  
     
 
Infrastructure: energy, telecommunication, oil and gas, ports, highways and bridges.
 
     
 
Agrobased Industry: dairy of poultry, processing of fruits and vegetables, shrimp, fish culture and processing, shrimp feed plants etc.
 
     
 
Labour-intensive Industries: electronics, data processing and software development, electrical goods and accessories, light engineering goods, toys, jewellery and others.
 
     
  COMMUNICATION FACILITIES  
 
Adequate sea, rail, road and air services to facilitate both domestic and international transportation.
 
     
 

TELECOMMUNICATIONS

 
  Internet, telex, fax, international direct dialing services and e-mail facilities.  
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MAJOR EXPORTABLE ITEMS

 
 
Readymade garments, leather and leather products, frozen shrimp/prawn and fish, raw jute and jute goods, tea, newsprint, urea fertilizer, furnace oil, naphtha etc.
 
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TOURISM

 
 
Bangladesh has a rich tradition, history and architecture. Incredible greenery, mighty rivers and attractive rever cruises, sunny beaches, colourful tribal life and attractive cultural functions offer great tourist attractions.
 
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FACILITIES TO NON-RESIDENT BANGLADESHI

 
 
»
Non-resident Bangladeshi investors enjoy facilities similar to foreign investors
»
Allowed to buy newly issued shares/debentures of Bangladeshi companies
»
Quota of 10% reserved for non-resident Bangladeshis in primary shares (IPO)
»
Foreign currency deposits in the Non-resident Foreign Currency Deposit (NFCD) account
 
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BANKING AND FINANCING

 
 
Bangladesh offers adequate banking facilities to the investors for establishment of industries and to facilitate their business transactions. 14 private and 13 foreign commercial banks, 10 financing institutions and 3 nationalized commercial banks having network of correspondents and branches operating all over the country and abroad.
 
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  EXPORT PROCESSING ZONES  
 
Export Processing Zones in the port city Chittagong and capital city Dhaka with necessary fiscal and infrastructure facilities for export oriented enterprise. Another Export Processing Zone, near the capital city (at Gazipur) is under implementation.
 
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COURTESY SERVICE

 
 
Board of Investment extends courtesy service such as airport reception, hotel and transport booking and fixing appointment with the Government and Chamber official is accordance with the needs of foreign entrepreneurs visiting Bangladesh. For availing courtesy service, entrepreneurs need to contract BOI in advance.
 
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TELEPHONE and FAX NOS. OF RELEVANT ORGANIZATIONS

 
 
Board of Investment
 
  Prime Minister's Office
91 Motijheel C.A. Dhaka
Bangladesh
Tel : 880-2-9563573, 9563570, 9567541, 9563782
Fax : 880-2-9562312
E-mail : ecboi@bdmail.net
 
     
  Bangladesh Export Processing Zones Authority (BEPZA)  
  Tel:  880-2-832553, 835325
Fax : 880-2-834967
 
     
  Export Promotion Bureau (EPB)  
  Chamber Building
122-124 Motijheel C.A.
Dhaka, Bangladesh
Tel : 880-2-9562245-49
Fax : 880-2-9568000
E-Mail : epb.tic@pradeshta.net
 
     
  Bangladesh Parjatan Corporation  
  233 Airport Road, Tejgaon, Dhaka, Bangladesh
(National Tourism Organization)
Tel : 880-2-817855-59
Fax : 880-2-817235
 
     
  The Federation of Bangladesh Chamber of Commerce and Industry  
  60 Motijheel C/A, Dhaka, Bangladesh
Tel : 880-2-9560102-3, 9560588-9
Fax : 880-2-9556503, 863213
 
     
  Foreign Investors Chamber of Commerce and Industry  
  35/1 Purana Paltan Lane (4th Floor)
Mahbub Castle (4th Fl), Inner Circular Road
GPO Box No. 4086, Dhaka
Tel : 880-2-839448
Fax : 880-2-839449
 
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  HOTELS  
  Pan Pacific Sonargaon Hotel, Dhaka
Kawran Bazar, Dhaka
Tel : 880-2-812011-15
Fax : 880-2-813324

Hotel Agrabad, Chittagong
Agrabad C/A, Chittagong
Tel : 880-031-713311-8
Fax : 880-2-710572

Hotel Rupashi Bangla, Dhaka (previously Hotel Sheraton)
1 Minto Road, Dhaka
Tel : 880-2-861191-5
Fax : 880-2-832975
 
     
 
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  Useful Links
» Government of People's Republic of Bangladesh
» Ministry of Foreign Affairs of Bangladesh
»

Bangladesh Export Processing Zone Authority

» Board of Investment of Bangladesh
» Export Promotion bureau of Bangladesh
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High Commission for the People's Republic of Bangladesh
House No. 1, Street No. 5, F-6/3, Islamabad (Pakistan)
Tel: 92-051-2279267
Fax: 92-051-2279266
Email: mission.islamabad@mofa.gov.bd
   

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