ABOUT BIDA

A great adventure begins by finding the right guide

Established under Bangladesh Investment Development Authority (BIDA) Act 2016, the Bangladesh Investment Development Authority (BIDA) is the principal private investment promotion and facilitation agency of Bangladesh.

The act is created on September 01, 2016.The act mandated BIDA for providing diversified promotional and facilitating services with a view to accelerating industrial development of the country. In addition, the government also entrusted BIDA with some more functions in its service list. Combining all, BIDA’s present functions can be categorized as follows:


So, in a few words:


Investment Facilitation

  • Pre-investment information and counseling service.
  • Investor welcome service (faster immigration).
  • Registration/approval of foreign, joint-venture and local project.
  • Registration/approval of branch/liaison/representative offices.
  • Approving work permit for the foreign nationals.
  • Facilitating utility connections (electricity, gas, water & sewerage, telecom etc.).
  • Assistance in obtaining industrial plots.
  • Approving remittance of royalty, technical know-how and technical assistance fees.
  • Facilitating import of capital machinery & raw materials.
  • Approving foreign loan suppliers’ credit, PAYE scheme etc.

Policy Advocacy

 

  • Advocating policy suggestions to the government.
  • Assisting the government in framing new policies for private sector development.
  • Assisting the National Taskforce on investment climate facilitation.

Mission

To contribute to the country’s development through the attraction of Foreign Direct Investment.

 


Vision

To achieve sustainable growth in a number of FDI projects in areas that have proven to be competitive in Bangladesh, by generating income, employment, linkages, technological transfers and knowledge for the benefit of all Bangladeshi.


Values

Excellence          Through Total Quality          Respect And Commitment          Collaboration And Solidarity

Initiative, Pro-Activity And Enthusiasm               Perseverance And Discipline


Companies rely on our expertise on a daily basis

 

Through out these 30 years, we’ve taken care of many companies, and their satisfaction gives us strength to keep doing our best. Here’s what a few of them have to say:

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“…….Goldman Sachs branded as Bangladesh is in ‘Next 11’ list after the BRIC nations”

 

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“…….The International Monetary Fund (IMF) commented on the economy of Bangladesh has resilient export and remittance flows which have bolstered growth and external stability”

 

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“…….The Wall Street Journal (WSJ) dismissed the previous branding of Bangladesh saying, ‘Basket Case’ no more – with a higher growth rate, a lower birth rate, and a more internationally competitive economy”

 

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“…….New York Times has termed Bangladesh as ‘an unlikely corner of Asia, strong promise of growth’…”

 

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“…….PWC (PricewaterhouseCoopers) has predicted that Bangladesh will become the 23rd largest economy in terms of GDP by 2050”


 

Bangladesh development model has evolved drastically in the last 30 years

BIDA has been a key player in this dramatic change

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During the last 30 years Bangladesh has executed an international market insertion
strategy based on export promotion as a growth engine, exports diversification, markets access and attraction of Foreign Direct Investment (FDI).

BIDA started operations in 1982 as a support to the country’s effort in these topics, and today is focused on the attraction of FDI.


The evolution of BIDA

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Managed by Business Automation Ltd. On behalf of Bangladesh Investment Development Authority (BIDA)