Consistent GDP Growth Rate(last one decade) more than 6.0%
Per Capita GNI $1,940
Annual FDI Inflows $ 1.7 Billion
Export Earnings of $33.6 Billion
Foreign Exchange Reserve (Feb 2021) $41.9 Billion
127 million mobile subscribers (79% of total Population) and 48 million internet users (30% of Total Population)
Why Invest in Bangladesh
Energy: The Government of Bangladesh guarantees uninterrupted quality power to EZ’s.
Manpower:. With the 8th largest population, 160 million Bangladesh blessed with “Demographic Dividend” from Day labor to senior management, are ready to work
Business Friendly:. The Government of Bangladesh fully supports the EZ movement and has taken the initiative to establish100 new economic zones throughout the country within 15 years.
High-Growth Rate : Building on a consistent growth rate of 6% on average since 1994, the Government of Bangladesh aims to transform the country into a middle income country by 2021.
Strategic location: Bangladesh being at the apex of the Bay of Bengal with India and other SAARC countries to the west, Japan, Korea, China and other ASEAN countries to the east, can emerge as a Mega Asian Growth Triangle for huge local and foreign markets.
Performances of Existing EPZs are encouraging: Current performance of existing export processing zones (18%+ of national exports & 0.4 million employments) is favorable and encouraging.
Why Economic Zone
All existing 8 EPZs are almost fully occupied with tenants; but contributions of Industry and Service sectors to GDP are increasing.
Unsystematic industrialization in and around Dhaka city without special incentive package; excessive pressure of people on Dhaka with huge traffic jam and environmental degradation.
Country’s lion shares of FDI (More than 80%) comes from Telco and Gas & Petroleum; To attract FDI from different industries and diversify export, EZ is the best solution with comprehensive facilities & incentives.
India,Vietnam, China, Philippines are ideal example of successful decentralized industrialization in EZs/SEZs for more than three decades. So why not Bangladesh?
Income Tax exemption
1st 10 years – 100%
11th year – 70%
12th year – 30%
Income tax exemption on dividend for 10 years
Income tax exemption on capital gains from transfer of shares for 10 years
Income tax exemption on royalties, technical know-how and technical assistance fees etc for 10 years
Duty free import of goods to be used for the development of Zones (except for MS Rod/Bar, Cement, Pre-fabricated Building, Iron/Steel Sheet)
Land development tax exemption
Exemption from tax sub tax, rate, toll, fees etc imposed under section 65 of Local Government (Union Parishad) Act, 2009
Exemption from tax on transferring immovable property imposed under section 44 of UpazillaParishad Act, 1998
Exemption of Stamp Duty on registration of loan document with Scheduled Bank
Stamp duty is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone.
Income Tax deducted at source ( under section 53H of the Income Tax Ordinance 1984) is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone.
Registration fees (Registration Act 1908) is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone.
Exemption of stamp duty on the land lease agreement between BEZA & Developers
Exemption of stamp duty on lease registration
EZ investors are waived from Board of Investment Act, 1989