5 more services of BIDA come under online OSS centre
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DHAKA, April 13, 2021 (BSS) – Bangladesh Investment Development Authority (BIDA) has included five more services with its online One Stop Service (OSS) centre to ensure ease and swift services for the investors in the country.
Power Secretary Md Habibur Rahman joined the virtual inauguration function of the services as the chief guest while Member of National Board of Revenue (NBR) Zakia Sultana joined as the special guest, said a press release.
BIDA Executive Chairman Md Sirajul Islam presided over the function.
The services are: Online VAT Registration, Electricity Connection of the Dhaka Electric Supply Company Limited, Electricity Connection of the West Zone Power Distribution Company Limited, Electricity Connection of the Northern Electricity Supply Company Limited and Providing Recommendation of the BIDA Second IRC.
Accelerated Depreciation on cost of machinery for new industries in lieu of tax holiday
Bonded warehousing facility for export-oriented industries
Domestic market sales up to 20% allowed to export-oriented companies outside EPZ
Cash incentives and export subsidies granted on the FOB values ranging from 5% to 20% on selected products
Tariff concessions on import of raw materials of the export-oriented industries
Duty free market access to EU & most developed countries
100% foreign equity is allowed
Full repatriation of dividends and capital is allowed
Tax exemption of remittance of royalty, technical know-how and
Accordingly, in such circumstances, Bangladesh has created within itself an unparalleled investment climate in recent years compared to other South Asian economies. A good investment climate is of fundamental importance for the private sector to be able to contribute to the global sustainable development agenda in the support of the following facilities prevailing fo
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BB relaxes private importers deferred payment rules
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DHAKA, April 7, 2021 (BSS) – The private-sector businesses involving foreign loan or supplier credit would now get deferred payment time limit beyond one year.
“Any eligible importer might submit an application to the BIDA (Bangladesh Investment Development Authority) for extension of usance period or refinancing to be allowed by suppliers or lenders against permissible deferred imports with credit exposure to the importers beyond one year,” as per a Bangladesh Bank (BB) circular issued on Tuesday.
Applications will have to submit to BIDA (formerly Board of Investment) at least one month before maturity of the deferred imports concerned, the circular added.
By ARUNAVA DAS in Kolkata, India | China Daily | Updated: 2021-04-06 07:38 Share CLOSE Technicians examine solar panels installed at a factory in Gazipur on the outskirts of Dhaka, Bangladesh, on Jan 3. The South Asian country is upgrading its energy networks. XINHUA
China-backed projects seen by analysts as vital for Bangladesh to climb ladder
A slew of China-backed infrastructure projects, many of which are nearing completion, is bolstering Bangladesh s ambitious plans to move up the economic development ladder, analysts said.
The country has set out plans to rise up from the status of a least developed country to that of a developing nation by 2026－and cooperation with China is seen as a key enabler of this target.