What are the functions and services provided by BIDA?
Oct 06, 2021
**BIDA’s functions are broadly categorized into:**
- Investment promotion,
- Investment facilitation, covering investment registration and pre- and post-establishment facilitation,
- Policy advocacy.
**BIDA provides the following services to investors:**
- Guidance on doing business in Bangladesh,
- Response to investment-related queries,
- Guidance and advice on investment in specific sectors,
- Matching support between foreign investors and local industries,
- Arrangement of visit to and meeting with various government and private organizations,
- Facilitate investors for smooth operation of business,
- Registration of industrial investment and commercial office,
- Facilitation of utility service connection,
- Facilitation of machinery and raw material import,
- Approval for obtaining foreign borrowing,
- Approval of overseas remittance of royalty/ technical assistance-related fees,
- Approval of expatriate employment and facilitation for obtaining visa,
- Assistance to the government in framing policies for private sector development,
- Advocacy to reform policy, act, rule, regulation and procedures relevant to investment.