Transcript Final Presentation on Handbook on Regulation, Formalities and Facilities/Incentives on investment. Presented By Dr.Zahed Hossain Sikder Professor, Management Studies University of Chittagong Bangladesh &  Dr.

Final Presentation on Handbook on Regulation, Formalities and
Facilities/Incentives on investment.
Presented By
Dr.Zahed Hossain Sikder
Professor,
Management Studies
University of Chittagong
Bangladesh
&
 Dr. Zahurul Alam
Assistant Professor,
Management Studies
University of Chittagong
Bangladesh
Dr. Zahurul Alam
1







We have divided the handbook into seven categories:
General Information
Information on the Rules and Regulations Relating to
Investment
Formalities Required for Establishing Enterprises outside
the EPZs areas
Formalities Required, Facilities and Incentives as well as
Support Services provided to the Enterprises established at
EPZs areas.
Formalities Required Facilities, Incentives and Support
Services Provided to the Enterprise formed under BSCIC.
Formalities, Incentives and Support Service Provided to
the Entrepreneurs and Investors by BOI for Investment
made outside the EPZs areas
Other Information
Dr. Zahurul Alam
2
General Information
Economic and Marketing Feasibility of Investment in
Bangladesh has been identified
 Bangladesh provides an investment friendly environment
 It has a growing market of 140 million people
 The labor cost of the country is cheap
 It has huge unexploit natural resources
 Macro economic stability is prevailed in the country
 A good number of graduates in the field MBA, CA. ICMA,
Engineers, IT experts, and technicians are entering into the
job market every year.
 Law and order situations are improving
 People are by nature more friendly and hospitable
Govt. continuously reviewing and updating different reform
activities in order to make the inflow of FDI more attractive.
Dr. Zahurul Alam
3
General Information
The Forms of Investment prevailing n Bangladesh
have been Specified




Private Investment
Private Investment Registered with BOI
Foreign Private Investment
Investment under Bangladesh Export Processing
Zones Authority (BEPZA)
 Foreign Direct Investment
 Investment under Bangladesh Small and Cottage
Industries Corporations (BSCIC)
 Investment by acquisition of SOEs from the
Privatization Commission.
Dr. Zahurul Alam
4
Rules and Regulations Relating to Investment in
Bangladesh.











A number of Acts, Rules, Regulations, Ordinances formulated by different authorities
for governing the investment in Bangladesh have been examined. These Acts, Rules,
Regulation, Statutes are
The Foreign private investment Promotion and Protection act, 1980
The Bangladesh exports Processing Zones Authority Act, 1980.
The Company’s Act, 1994.
The regulations of Bangladesh Bank, 2003.
The regulations of the National Board of Revenue (NBR) for custom and taxation
matter.
The Bangladesh Labor Act, 2006.
The Income Tax Ordinance, 1984.
The Bangladesh Private Export processing Zones Authority (BPEPZA) Act, 1996.
The Environment Conservation Act, 1995.
The Environment Conservation Rules, 1997, which provides main criteria for
obtaining environment clearance.
The Industrial Policy, 1991, 1999,2003& 2005.
Dr. Zahurul Alam
5

For Getting Information about the various
provisions of these Acts, Rules, Regulations,
Statutes of Different Authorities, Email
Numbers, Fax Numbers and Website of these
different Authorities are given.
Dr. Zahurul Alam
6
The Investor can make Investment in different
areas like.
 within EPZs areas
 outside the EPZs areas registered with BOI
 outside the EPZs areas without registered with
BOI .
 within BSCIC Industrial Estates.
 Formalities required for establishing enterprises in
different areas vary from Area to Area.
Dr. Zahurul Alam
7
For Establishing Enterprises outside the EPZs areas the
following documents and formalities are needed to be
observed.












Trade license from the City Corporation.
TIN certificate from the Income tax authority
Certificate from the Chamber of Commerce and Industries Authority
VAT certificate from Custom office
Bank solvency certificate from any Bank
Permission from BOI
Land deed agreement of the proposed factory
Import registration certificate (IRC) from CCI/DCCI.
Export registration certificate (ERC) from CCI/DCI.
Nationality certificate from local commissioner.
Government fee as per investment pay able to BOI
Layout plan of the factory
Dr. Zahurul Alam
8






Factory license from the Inspector of Factories.
Fire license from the department of Fire.
Power/Gas connection if required from P.D.B/Gas authority.
The certification of incorporation is case of limited Company.
Environment Pollution Certificate (EPC) from the department
of environment (DOE).
Quality certification from Bangladesh Standards and Testing Institution
(BSTI)
These Enterprises may be Registered with BOI or may not be
Registered with BOI. For availing the facilities and incentives provided by
BOI, the Enterprises must be registered with BOI.
Dr. Zahurul Alam
9
The Web side, e-mail no, Telephone no. and Fax numbers
of different authorities involved in Providing different
certificates and documents are given in order to know
detailed requirements and formalities for getting these
documents.
Dr. Zahurul Alam
10
For Establishing enterprises with in EPZs areas some
formalities are required. Information relating to these
formalities, Facilities, Incentives and Support Services
provided to the Enterprises established at EPZs areas
are available by visiting web site, E-mail, Telephone
no. of different authorities. The contact number of these
authorities are mentioned in this section.
Dr. Zahurul Alam
11
Formalities Required, Facilities Incentives and
Support Services provided to the Enterprises
formed under BSCIC are highlighted in this
section. The contact number such as Telephone,
E-mail, Web sites and Fax number of different
authorities are given for having detail
information.
Dr. Zahurul Alam
12
Enterprise established outside the EPZs and Registered
with BOI are entitled to get Facilities, Incentives
Services Provided by BOI. For getting detail
information the contact number like e-mail, web site,
fax number of different authorities are given in the
section.
Dr. Zahurul Alam
13
This Section is highlighted other information like :
•
•
•
Infrastructure
Settlement of disputes
Information regarding Investment through acquisition of
SOEs, Facilities and incentives offered for this type of
Investment?
Dr. Zahurul Alam
14
THANK YOU TO ALL
Dr. Zahurul Alam
15