The Bangladesh Investment Development Authority (BIDA) () is the apex investment promotion agency (IPA) of

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

under the Chief Adviser's Office. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA also provides regulatory services including registration, approvals and recommendations.

History

BIDA was formed on 1 September 2016 through the Bangladesh Investment Development Authority Act that merged the erstwhile Board of Investment and Privatization Commission.

Organization

The BIDA management structure is composed of three tiers, which are: * Governing Board * Executive Council * Head office and divisional offices

Services

* Pre-investment information and counseling service * Investor welcome service through speedier immigration * Registration/approval of foreign, joint-venture and local projects * Registration/approval of branch/liaison/representative offices * Work permit approval for the foreign nationals * Approval for remittance of royalty, technical know-how and technical assistance fees * Facilitating import of capital machinery & raw materials * Approval of foreign loan suppliers’ credit, PAYE scheme etc. * Facilitation for utility connections * Assistance in obtaining industrial plots

Online One Stop Service (OSS) portal

BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services of various ministries, departments and agencies in Bangladesh. BIDA is working to integrate over 150 services of over 40 separate investor service providers. The

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

, a development partner of BIDA, has provided technical assistance for the effective development of the OSS portal.

References

External links

* 2016 establishments in Bangladesh Investment in Bangladesh Organisations based in Dhaka Government agencies of Bangladesh Investment promotion agencies Regulators of Bangladesh {{Bangladesh-org-stub