A great adventure begins by
finding the right guide
Established under Bangladesh Investment Development Authority (BIDA) Act 2016, the Bangladesh Investment Development Authority (BIDA) is the principal private investment promotion and facilitation agency of Bangladesh.
The act is created on September 01, 2016.The act mandated BIDA for providing diversified promotional and facilitating services with a view to accelerating industrial development of the country. In addition, the government also entrusted BIDA with some more functions in its service list. Combining all, BIDA’s present functions can be categorized as follows:
So, in a few words:
- Pre-investment information and counseling service.
- Investor welcome service (faster immigration).
- Registration/approval of foreign, joint-venture and local project.
- Registration/approval of branch/liaison/representative offices.
- Approving work permit for the foreign nationals.
- Facilitating utility connections (electricity, gas, water & sewerage, telecom etc.).
- Assistance in obtaining industrial plots.
- Approving remittance of royalty, technical know-how and technical assistance fees.
- Facilitating import of capital machinery & raw materials.
- Approving foreign loan suppliers’ credit, PAYE scheme etc.
- Advocating policy suggestions to the government.
- Assisting the government in framing new policies for private sector development.
- Assisting the National Taskforce on investment climate facilitation.
To contribute to the country’s development through
the attraction of Foreign Direct Investment.
To achieve sustainable growth in a number of FDI
projects in areas that have proven to be competitive in
Bangladesh, by generating income, employment,
linkages, technological transfers and knowledge for
the benefit of all Bangladeshi.
Companies rely on our expertise
on a daily basis
Through out these 30 years, we’ve taken care of many
companies, and their satisfaction gives us strength to keep
doing our best. Here’s what a few of them have to say:
“…….Goldman Sachs branded as Bangladesh is in ‘Next 11’ list after the BRIC nations”
“…….The International Monetary Fund (IMF) commented on the economy of Bangladesh has resilient export and remittance flows which have bolstered growth and external stability”
“…….The Wall Street Journal (WSJ) dismissed the previous branding of Bangladesh saying, ‘Basket Case’ no more – with a higher growth rate, a lower birth rate, and a more internationally competitive economy”
“…….New York Times has termed Bangladesh as ‘an unlikely corner of Asia, strong promise of growth’…”
“…….PWC (PricewaterhouseCoopers) has predicted that Bangladesh will become the 23rd largest economy in terms of GDP by 2050”
Bangladesh development model
has evolved drastically in the last 30 years
BIDA has been a key player in this
During the last 30 years Bangladesh has executed an international market insertion
strategy based on export promotion as a growth engine, exports diversification, markets access and attraction of Foreign Direct Investment (FDI).
BIDA started operations in 1982 as a support to the country’s effort in these topics, and today is focused on the attraction of FDI.
The evolution of BIDA