AMBASSADOR'S MESSAGE  

 

It is my great honour to serve as Bangladesh Ambassador to China, a time-tested friend and one of the most important development partners of Bangladesh.

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Investment Facilities in Bangladesh

 

             Private sector is the main engine of growth in the economy. The government therefore attaches high priority to private investments, both domestic and foreign and has been relentlessly working for ensuring an ideal investment climate through policy and institutional supports, infrastructure, administrative and regulation reforms, modernization of financial institutions, and special incentive packages.

 

            Bangladesh offers a competitive location for doing business in terms of costs, inputs, human resources, market access, facilitations, etc. Investments in the appropriate sectors in Bangladesh would yield higher returns than any other competing locations with lesser risks.

 

            Bangladesh has a large supply of relatively industrious low cost labor, including professionals, technologists and middle and low-level skilled personnel. Costs of doing business in Bangladesh are lower. The robust economic growth achieved in Bangladesh (6% +) has resulted from investment-friendly policy and improved investment climate in the recent years.

        

Bangladesh as an Investment Destination:

 

            Bangladesh is strategically located for the global trade with access to international sea ports and air routes and is endowed with abundant supply of the key factors of production like hardworking workforce, natural gas, sweet water, fertile land, favourable climate and social tranquility. Bangladesh has a sizable domestic market of about 160 million people and there is a great potential for dramatic increase of domestic consumption with continuous and accelerated growth in national income. Apart from the local market, most Bangladeshi products enjoy duty and quota free access to the European Union, USA, Canada, Australia, New Zealand, Japan, other developed countries.

 

Investment Climate of Bangladesh:

 

§  Bangladesh is a homogeneous country with no religious, ethnic or other forms of cultural conflicts.

  • Bangladesh is an open-market economy, led by a vibrant and innovative private sector which provides the main stimulus to its growth.
  • With robust economic growth, domestic demand is in progressive rise in a country of about 160 million people.
  • Enjoys a strategic geographic location connecting South Asia, South-East Asia and East Asia with wide access to international maritime and air routes. Initiatives are going on to connect the country to regional road and rail networks in the near future.
  • Progressive widening of country's access to regional and international markets through conclusion of preferential trade agreements.
  • Offers opportunities of high returns at low risk in many sectors due to huge demands and lack of competitions.
  • A huge pool of trained and motivated workforce at a very competitive cost.
  • Very liberal  FDI policy with hardly any restriction on capital and profit movements.
  • Various types of tax and duty exemptions for priority sectors and export oriented industrial units.
  • Goldman Sachs has identified Bangladesh as one of the next big eleven emerging markets.
  • City Investment Research & Analysis has indentified Bangladesh with few other countries like: China, India, Indonesia, and Vietnam having the most promising growth prospects.
  • The International Monetary Fund (IMF) termed the economy of Bangladesh as resilient in consideration of robust growths in export and remittance flows.
  • J P Morgan Chase ranked Bangladesh fourth on growth in economically active population.
  • The New York Times has termed Bangladesh as “an unlikely corner of Asia, strong promise of growth”

 

Investment Incentives

 

§  Corporate tax holiday of 5 to 7 years for selected sectors and areas

§  Accelerated depreciation on cost of machinery for new industries in lieu of tax holiday

§  Avoidance of double taxation under bilateral tax convention

§  Tariff concessions on import of capital machinery

§  Tariff concessions on import of raw materials of the export oriented industries

§  Bonded Warehousing facility

§  Cash incentives and export subsidies ranging from 5% to 20% on the FOB value of selected products

§  Funds for exports promotion, export credit guarantee scheme

§  Permission for domestic sales up to 20% by export-oriented companies outside EPZ

§  Remittance of royalty, technical know-how and technical assistance fees

§  Citizenship by investing a minimum of US$ 5,00,000 or by transferring US$ 10,00,000 (non-repatriable), permanent resident by investing US$75,000 (non-repatriable)

 

  

and many more           

   

Embassy Address  

Bangladesh Embassy
42 Guang Hua Lu,
Chaoyang District,
Beijing-100600,China.
Tel: 86-10- 6532 2521
/ 6532 3706
Fax: 86-10- 6532 4346
   
© Embassy Of Bangladesh in Beijing