Last updated: 6th March 2017
Road Map to Investment in Bangladesh
The Bangladesh Investment Development Authority(BIDA) is the government agency responsible for promoting business opportunities in Bangladesh to investors everywhere.We are here to facilitate the process from first enquiry through registration to implementation and beyond. We can do the following for you:
- Help with information tailor made to your business area.
- Advise you about the best place to locate your business.
- Introduce you to the most relevant organizations, government agencies and BEPZA, the agency responsible for the export processing zones (EPZ).
- Help you register your investment intentions with the BIDA (unless your investment qualifies to be best located in an EPZ), so that you are eligible for all the various incentives on offer you need.
The chart shows the five basic steps you will probably want to go through to start your business in Bangladesh.
Step 1. Information Searches and Registration
- There are many information sources. These days you will probably start with the internet. BIDA can also help and suggest other government agencies, chambers of commerce, and professional associations, international organisations such as the World Bank, Asian Development Bank, UNCTAD and IFC. There are independent consultants too.
- Register your intentions. Investors are advised to apply to the BIDA for registration as early as possible in order to benefit from the many incentives and tax concessions available. The application form can be found online at this website.
Step 2. A Fact-Finding Visit
- Make a physical verification of your researches by visiting Bangladesh. Make your own travel arrangements or let BIDA arrange things for you and benefit from our Welcoming Service.
- Business travellers may request a visa for limited or multiple entries which can vary from one month to fice years. Given certain conditions there is also the possibility of a landing permit and visa on arrival. BIDA or the Bangladesh diplomatic mission in your country can advise you on this.
- Counseling. On arrival investors can take advantage of in-depth BIDA counseling. Professional investment and business counsellors can offer advice and practical assistance over the phone, via email or fax or, best of all, at a personal meeting in the BIDA offices here in Dhaka, Chittagong, Sylhet, Rajshahi, Khulna and Barisal.
Step 3. Getting Started
- You will need to set up an appropriate company structure. By this stage you will know if you are going to operate as a branch/liaison representative office (or Buying House) or if you will be establishing an industrial project. This is relevant to the type of business structure you will then need to form.
- Incorporation. Business in Bangladesh can be carried out by a company formed and incorporated locally or by a company incorporated abroad but registered in Bangladesh.
- The incorporation or registration is done by the Registrar of Joint Stock Companies and Firms (RJSC&F).
- Companies may be private or public limited companies or unlimited companies. In establishing a place of business of a foreign company, the company has to be registered with the RJSC&F as the place of business. Such registration is required in respect of capital issue and obtaining clearance from the Bangladesh Bank.
- To open or extend a branch/liaison representative office of a foreign company, the company has to apply to the BIDA.
Step 4. Business/Plant Set-up
BIDA can help with the following:
- Obtaining industrial plots.
- Approval of foreign loans, supplier’s credit, PAYE schemes etc.
- Obtaining utility connections: water, gas, electricity, phones.
- Registration for certification for importing raw materials.
- Work permits for foreign nationals and key staff.
- Registration with the Factories Act which regulates work conditions.
- Registration with environmental legislation.
- Remittance of royalty, technical know how and technical assistance fees.
Step 5. Commercial Operation
- After starting commercial operations BIDA will be following up with what you need subsequently.
- Investors need to a submit half-yearly performance report to the BIDA on production and employment in their projects. Any changes to the information provided in the registration should be indicated to the BIDA.
Honorable Prime Minister
Sheikh Hasina, the Prime Minister of the People's Republic of Bangladesh, assumed the office on 12 January 2014 for the third time after her party Awami League-led grand alliance won the January 5 Parliamentary elections. Details...
Executive Chairman, Bangladesh Investment Development Authority(BIDA)
Kazi M. Aminul Islam
Bangladesh Investment Development Authority(BIDA)