Tuesday, June 17, 2008

Facilities Available for Non-Resident Bangladeshis

Non-resident Bangladesh investors are enjoying facilities similar to foreign investors while investing in Bangladesh.Highlilghting Factors are presented below.

· Allowed to buy newly issued shares/debentures of Bangladeshi companies

· 10 percent reserved quota for non-resident Bangladeshis in primary shares (IPO)

· Foreign currency deposits in the Non-Resident Foreign Currency (NFCD) account

· Tax holiday 5-10 years depending on location of Industries.

· 15 years tax holiday for private power generation companies.

· Facilities for repatriation of invested capital, profit & dividend.

· Exemption of tax on interest on foreign loan.

· Tax exemption on royalties, technical know- how & technical assistance fees.

· Avoidance of double taxation on the basis of bilateral agreements.