Why invest in Bangladesh

Tareq Alam · 2012-07-03T17:01:08+02:00

Here are few reasons why one should invest in Bangladesh: Bangladesh has no records of defaults in its bilateral & multi-lateral donors, and debt-service liabilities. Bangladesh produced more than 21 million metric tons of food grains mainly rice, potatoes, and some wheat, which are sufficient to feed the countrys population and create reserve stocks. For the last 42 years of independence, Bangladesh has not occurrence of negative growth. Bangladesh exports different local products to various sophisticated markets of Japan, USA, Europe, and other countries. In terms of garments products, the country has an export account of more than 4 billion US dollars. In terms of intensity and frequency of natural disasters, Bangladesh has lesser occurrences compared to Japan, Philippines, and other countries in Asia and even in America. This is because the country is located outside the zones of major earthquakes. In the recent years, Bangladesh had carried out a major arrangement of liberalization, deregulation, and reforms in policies related to every economy sector that includes financial reforms. The reforms and liberalizations aim for the economic global changes of the country, which will facilitate through introduction of productive efficiency and international competitiveness. Apart from above-mentioned facts, Bangladesh has the following positive aspects that will make it a desirable location for foreign investors: Lower production costs in terms of semi-skilled and skilled labors Cost of living is reasonable and low, and has no ethnic or communal issues English is widely understood and spoken Term and working capital loans from local commercial banks are permitted to foreign capital industries Citizenship is granted to any foreigner with minimum investment of US$500,000 or by transferring an amount of US$1,000,000 to any authorized financial institutions in the country Permanent residency is granted to any foreign with minimum investment of US$75,000 Bilateral Investment Promotion Treaties and Avoidance of Double Taxation Agreements have been motioned with other countries including United Kingdom. The fiscal and non fiscal incentives offered in Bangladesh are: Technical assistance fees - remittance of royalty Technical know-how fees Someone investing 75,000 US$ will be permitted to be a permanent resident; Again, an individual investing 500,000$ will be given the citizenship of Bangladesh. A rate of 100% tax holiday for the first two years, 50% for the next two years and 25% for the fifth year (Applicable only for districts under Dhaka and Chittagong division). A rate of 100% tax holiday for the first three years, 50% for the next three years and 25% for the seventh year (Applicable for the rest of the country). Accelerated reduction for newly built industries being 50% for the first year, 30% for the second year and 20% for the third year. This covers the cost of plants and machineries. Industries exporting over 80% goods or any other service will enjoy duty free import on machines and other spare parts. Scheme to guarantee export credit for investors. Some export oriented businesses outside Export processing Zones allowed 20% domestic market sale.

Last activity 16 December 2014 by smbcuet

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captchowdhuryMember09 December 2012 08:51:08

#41

Bangladesh is emerging potentiality in Shipping , Ship Building with competent Human resources.
Finger Cross on better future for Bangladesh

GaudenteGuest03 April 2013 16:11:57

#42

214245

Many financial companies in Bangladesh offer deposit rates as high as 14% . Can non resident foreigners invest in such deposits ?

sa.haiMember13 April 2013 06:12:43

#43

hey tarek...i hope u r doing good...could u pls give me the source of the informations u provided...i am doing MSc in Monash university and your info would help me a lot in writing an essay for one of course but I would require the reference for that...sorry for the trouble...thanks

shahanshaMember14 April 2013 10:29:27

#44

Bangladesh has amazing potential and needs amazing people to bring it to the world stage not these negative jump the boat the first chance I get and never look back type.

Yes Im from England but I have contributed a lot in terms of investment and development of the country.

And so have a lot of people in England, we have helped create bridges, roads, buildings, jobs and so on. We have helped feed the poor and cloth and shelter the less fortunate.

Opportunists reap the rewards whilst the sceptics remain bitter.

hatiarMember22 April 2013 18:24:33

#45

Tough there are many issued here. But look the GDP of Bangladesh & calculate regarding South-Asia not calculate with Europe or America. Obviously thousand of meritorious leaving country every year and join with world renowned company's. So definitely you get skilled worker with cheap payment which definitely a very good point to do good business.

Anyway, corruption and limitation is a part of human life now, Where corruption is absent, everywhere it rooted now. Somewhere it low and somewhere it higher.

hatiarMember22 April 2013 18:31:03

#46

Totally Agreed with you. Among all shipping company Ananda Shipping and Western Shipping is the pioneer. Very soon They will seat in the top of Shipping in Asia.

smbcuetActive member16 December 2014 07:28:36

#47

Investing in Bangladesh is more beneficiary than other countries-
because
1. there is a large population and Bangladeshi people's average expending capability is increasing day by day.
2. Low paid Skilled, Unskilled manpower
3. Geographic Location is nice to export/transport product to other countries
4. Living cost is low
5. For the foreigners Bangladesh has a good environment (though violation and political unrest )

Thanks

Sharif Mahmud Bhuiyan
Bangladeshi company list