· Foreign Private Investment (Promotion & Protection) Act1980 ensures legal protection to foreign investment in Bangladesh against nationalization and expropriation.
· It also guarantees repatriation of capital and dividend and equitable treatment with local investors.
· Adequate protection is available for intellectual property rights, such as patents, designs & trademarks and copyrights.
Wednesday, June 18, 2008
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.
· 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.
Saturday, June 14, 2008
Opportunity for Non Resident Bangladeshis
Dear Non Resident Bangladeshi(NRB) Brothers and Sisters Invest in Bangladesh for the development of our beloved Country.Bangladesh Government has adopted a very liberal industrial policy to attract foreign investment.Specially all of our NRB should utilize the opportunity.
- No limitations pertaining to equity participation i.e. up to 100 percent foreign private investment allowed.- Except five reserve sectors, all industries are open for private investment. Industries earmarked for public sector investment are in the reserve sector namely :
(i) arms, ammunition and other defence equipment and machinery
(ii) Production of nuclear energy,
(iii) Forest plantation and mechanized extraction within the
bounds of reserved forests,
(iv) Security printing (currency notes ) & minting and,
(v) Railways & air transportation (except certain domestic routes
and air cargo) - No permission of the government required to set up new industries.
- For obtaining industries facilities like procurement of land, electricity, gas and sewerage conection, importation of capital machinery and raw materials tax rebate, duty drawback facilities etc. industries need only to be registered with the board of investment (BOI) in a simple prescribed from.
- No limitations pertaining to equity participation i.e. up to 100 percent foreign private investment allowed.- Except five reserve sectors, all industries are open for private investment. Industries earmarked for public sector investment are in the reserve sector namely :
(i) arms, ammunition and other defence equipment and machinery
(ii) Production of nuclear energy,
(iii) Forest plantation and mechanized extraction within the
bounds of reserved forests,
(iv) Security printing (currency notes ) & minting and,
(v) Railways & air transportation (except certain domestic routes
and air cargo) - No permission of the government required to set up new industries.
- For obtaining industries facilities like procurement of land, electricity, gas and sewerage conection, importation of capital machinery and raw materials tax rebate, duty drawback facilities etc. industries need only to be registered with the board of investment (BOI) in a simple prescribed from.
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