BIDA mandate and activities

The Bangladesh Investment Development Authority (BIDA) Act 2016, created on September 1, 2016, mandated BIDA to provide diversified promotional and facilitating services with a view to accelerating the industrial development of the country. BIDA’s functions can be broadly categorized as investment promotion, investment facilitation and policy advocacy.

• Pre-investment counseling services
• Registration and approval of private industrial projects
• Approval of branch/liaison/representative offices
• Visa recommendations, work permits for foreign nationals
• Approval of royalty remittances, technical know-how, technical assistance fees
• Facilitation of import of capital machinery and raw materials
• Approvals of foreign loans and supplier credits
• Aftercare facilities