Abstract/Citation: The Act amends the Bangladesh Export Processing Zones Authority Act, (Act No. XXXVI of ) with respect to. BEPZA Act which eventually instituted the formation of Bangladesh Export Processing. Zones Authority (BEPZA), the government organ. investment, and investment under BOI, investment under BEPZA, FDI and investment . Under, the BEPZA Act. , EPZs are provided infrastructural facilities.
|Published (Last):||17 September 2006|
|PDF File Size:||3.87 Mb|
|ePub File Size:||7.57 Mb|
|Price:||Free* [*Free Regsitration Required]|
Appointment of officers, etc. Onsite customs clearance, logistics, international couriers, offshore banking facilities have made EPZs of Bangladesh an attractive investment destination.
Guide to Invstment in Bangladesh Foreign Private Investment (Promotion and Protection) Act,
The period of tax holiday is calculated from the month of commencement of commercial production or operation of the industrial undertaking. For expatriate employment the guide-lines followed are:. II of to Act No. Establishment of the Authority. The year of Saudi Women. Since independence Bangladesh has made remarkable progress in diversified areas of social, political, cultural and economic life of its citizen.
Encouraging foreign investment in Bangladesh. New zones in strategically located places with state of art industrial facilities and pro-investment institutional framework providing the right kind of environment to grow. Apart from the above mentioned facilities, other facilities as announced and provided in the Export Policy are also applicable for export-oriented and export-linkage industries. Chronological Order Index Act No. L of Ordinance No.
Tax be;za is allowed to industries for the following periods according to the location of the establishment:. Tax exemption on dividend income of non — resilient shareholders during tax exemption period of an industry set up in export processing zone and also after the expiry of tax beoza period if the dividend is re-investment in the same project.
In this connection procedure followed by BOI is as under:. Tax exemption on the interest on foreign loans under certain conditions. Ensue full implementation of E-governance in all EPZs. Presently there are as many as eight operational EPZs and two proposed EPZs in different locations of the country contributing to the overall economic development process of Bangladesh through promotion of export and FDI, generation of employment, transfer of technology, and development of forward and backward linkage qct and so on.
Compliance: BEPZA Act –
V of to Act No. VIII of E. Korea and so many and European countries as human rights worker and social workers from Bangladesh.
XLV of to E. Import entitlement may, however, be refixed on verification of the actual requirement.
For granting export performance benefit, aft list of export products and the rate of Export Performance Benefit XPB is reviewed from time to time. LVI of to Ordinance No. Obtaining of interest free repatriable short terms foreign currency loans by foreign firms investing in Bangladesh from their head officesor any other sources through any authorised dealer. Simultaneously with the primary objective of employment generation, EPZs have also facilitated diversification of the product base by adding new sectors like electronic, shoes, engineering products other than RMG.
BEPZA provides fully serviced, secured industrial plots and Standard Factory Buildings with simplified licensing and permitting procedure. Non-resident direct investment in industrial enterprises and non-resident portfolio investment through stock exchanges also do not require prior approval of Bangladesh Bank.
Log in to leave a comment.
Tax exemption on capital gains from the transfer of shares of public limited companies listed with a stock exchange. BOI also recommends for acquisition of land to the concerned authorities if required by the industrial units.
The public sector project is processed by the concerned ministry for approval of the Planning Commission. Local bfpza supplied to local projects against foreign exchange under international tender are treated as indirect exports and the producer is entitled to avail all export facilities. Remittance of dividend on portfolio investment by non-residents through stock zct in Bangladesh.
Guide to Invstment in Bangladesh Foreign Private Investment (Promotion and Protection) Act, 1980
Work permit for foreign nationals is a pre-requisite for employment in Bangladesh. XV of to Ordinance No. Facilities such as special bonded warehouse against back-to-back letters of credit or notional import duty and non payment of Value Added Tax VAT facilities are available as per SRO of the government.
New Year celebrations around the world. The core competency areas of Bangladesh EPZs are its diversified and attractive package of incentives and physical facilities.
No permission is required for import of free list items. Issuance of shares to non-residents against investments for setting up industries in Bangladesh.
After a first hand scrutiny of the information, BOI issues registration letter. Pakistan International Airlines fires pilots with fake school degrees. Avoidance of double taxation in case of foreign investors on the basis of bilateral agreements. Iraq sentenced foreigners for Daesh links in Concessionary duty as per SRO is allowed on the import of capital machinery and spare parts for setting up export-oriented industries or BMRE of existing industries. After receiving the application BOI provides assistance to get the industrial plot.
Since than EPZs, in tune with the liberal industrial policy of the government along with investment friendly legal and institutional framework like Foreign Private Investment Promotion and Protection Acthave made significant progress. Import of specified quantities of duty-free samples for manufacturing exportable products is allowed.