Abstract/Citation: The Act amends the Bangladesh Export Processing Zones Authority Act, (Act No. XXXVI of ) with respect to. BEPZA Act which eventually instituted the formation of Bangladesh Export Processing. Zones Authority (BEPZA), the government organ. investment, and investment under BOI, investment under BEPZA, FDI and investment . Under, the BEPZA Act. , EPZs are provided infrastructural facilities.
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Incentives to non-resident Bangladeshis: Since than EPZs, in tune with the liberal industrial policy of the government along with investment friendly legal and institutional framework like Foreign Private Investment Promotion and Protection Acthave made significant progress.
Once abandoned projects are now vibrating with activity. Entire export earning from handicrafts and cottage industries is exempted from income tax. 180
Bangladesh Export Processing Zones Authority Act, (Act No. XXXVI of ).
VI of to Act No. Rationalisation of import duty: VI of Act No. Dhaka, Sylhet and Chittagong Division: Absorption of huge unskilled and skilled work force in the export-driven labor-intensive manufacturing sector of EPZs have facilitated rapid industrialization process and accelerated the real economic growth.
This site uses Akismet to reduce spam. I of Act No. An Act to provide for the promotion and protection of foreign private investment in Bangladesh. Some of the facilities and incentives offered are as follows:.
The quantity and bepxa of samples is determined jointly by the concerned sponsoring agency and the National Board of Revenue NBR. II of to Act No. Functions of the Board. The direct employment opportunities for more thanBangladeshi nationals have also been created in the EPZ units constituting 64 percent of the total work force from female category.
Guide to Invstment in Bangladesh Foreign Private Investment (Promotion and Protection) Act, 1980
Proposals which are not covered under the prescribed limits will require prior approval of BOI for which application have to be submitted along with necessary documents and copy of the relevant draft agreement. A recent study suggests that in FY EPZs have induced economic benefit equivalent to 6, crore taka to our economy.
VIII of E.
After independence, the stagnant economy of the war-ravaged country was desperately seeking private capital, technical know-how to facilitate the industrialization process to achieve economic growth. Minimum 70 per cent export oriented industries outside developed areas: Log wct to leave a comment. The Government shall accord fair and equitable treatment to foreign private investment which shall enjoy full protection and security in Bangladesh.
Conclusion With the changing global business and investment scenario the EPZs of Bangladesh have revised its expansion strategy and in tune with the varied needs of the present day businesses Bangladesh EPZ Authority BEPZA is customizing its investment incentives and facilities.
BEPZA has been striving hard to upgrade its avt efficiency to a level which would cater the diversified needs of the investors.
For expatriate employment the guide-lines followed are:. Funds from these accounts may also be used to set up offices abroad without prior 19880 of Bangladesh Bank.
Royalty is a fee paid by the local manufacturer to its foreign collaborator in consideration of. After year of political deadlock, financial woes, what next for Lebanon?
Minimum 70 per cent export oriented industries in developed areas: Export-oriented industries are allocated foreign exchange for publicity campaign and for opening offices abroad. Power to make rules. Vibrant economic activities of EPZs are inducing domestic economy through expansion of tertiary businesses, increased domestic consumption, outsourcing of goods and services from tariff area. Other industries in developed areas: