Bangladesh Investment Development Authority (BIDA) Provides Investment Permission for Joint venture Company, Industrial IRC, Foreign Company, Work Permit for Foreign Employees.
Bangladesh Investment Development Authority (BIDA) provides several services through its centralized BIDA One Stop Service (OSS) Portal, investors can access pre-establishment, operational, and post-establishment regulatory approvals digitally.
Registration with BIDA is a prerequisite for setup and industrial growth in Bangladesh. BIDA issues approvals and registrations across several corporate structures:
Industrial Project Registration (Local & Foreign): Registration for 100% foreign-owned enterprises, joint ventures (JVs), and local manufacturing projects outside specialized zones.
Commercial / Branch / Liaison / Project Office Permissions: Issuance of official permits to establish Branch, Liaison, or Representative offices for foreign corporate entities.
Registration Amendments & Extensions: Online processing for capital structure modifications, office period extensions, and name changes.
BIDA regulates and facilitates foreign personnel employment to ensure operational compliance and ease of mobility:
Work Permits for Foreign Nationals: Processing and issuance of new work permits, extensions, amendments, and cancellations for expatriate employees, technical experts, and executives.
Visa Recommendation Letters: Recommendation letters for foreign investors, employees, and consultants to obtain operational and business visas (Category PI, E, etc.).
Security Clearance Coordination: Inter-agency processing of foreign worker security clearances through government intelligence and home ministry channels.
BIDA streamlines compliance with Bangladesh Bank and local regulatory guidelines for financial movements:
Foreign Loan & Supplier Credit Approvals: Evaluation and approval for private sector borrowing from foreign sources, commercial credit, and Supplier’s Credit.
Outward Remittance Approvals: Facilitation of outward transfers for technical assistance fees, royalties, franchise fees, advisory services, and dividend repatriations.
Encashment Verification: Verification of inward foreign equity capital deposits through local commercial banking channels.
To support setup, capital expenditure, and ongoing industrial operation, BIDA provides critical clearance recommendations:
Import Registration Certificate (IRC) Recommendations: Issuance of primary and ad-hoc IRC recommendations to import capital machinery, industrial raw materials, and spare parts.
Import Permission (IP): Approvals for duty-free or specialized capital equipment importation under investment incentives.
Aftercare Support: Resolving operational bottlenecks encountered by existing foreign and domestic investors regarding utility connections, taxation, and municipal permits.
Policy Advocacy: Reviewing trade policies, tariff structures, and regulatory frameworks to continuously lower the cost of doing business in Bangladesh.
Our Experts will assist you to obtain all required permission or approval from BIDA to operate your business in Bangladesh. We handle foreign companies with special care.