BEPZA ACT 1980 PDF

Abstract/Citation: The Act amends the Bangladesh Export Processing Zones Authority Act, (Act No. XXXVI of ) with respect to. BEPZA Act which eventually instituted the formation of Bangladesh Export Processing. Zones Authority (BEPZA), the government organ. investment, and investment under BOI, investment under BEPZA, FDI and investment . Under, the BEPZA Act. , EPZs are provided infrastructural facilities.

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Industrial Policy ensures equal treatment for local and foreign investment.

Appointment of officers, etc. Print Edition Read pdf version Subscribe now.

Tax exemption on income of the private sector power generation company for 15 years from the date of commercial production. The entrepreneur will then approach nominated bank for opening Letters of Credit for import.

With a 19980 to ensuring backward linkage, export-oriented industries including export-oriented ready-made garment industries using indigenous raw materials instead of imported one are given additional facilities and benefits at prescribed rates. Permission to banks to operate in a Zone. Import Registration Certificate IRC will be issued by the concerned authority in favour of the industrial enterprises within 30 days of receiving applications.

III of Act No. As a result of this policy, sanctioning and other procedures for obtaining different facilities and services have been simplified. Exemption of income tax up to 3 years for the foreign technicians employed in industries specified in the relevant schedule of income tax ordinance.

LII of to Ordinance No. Encouraging export oriented industries is one of the major objectives of the Industrial Policy, and as such the government ensures allsupport and co-operation to the exporters as per Export 19980. LV of Ordinance No.

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Bangladesh Export Processing Zones Authority Act, (Act No. XXXVI of ).

Tax exemption on dividend income of non — resilient shareholders during tax exemption period of an industry set up in export processing zone bwpza also after the expiry of tax exemption period if the dividend is re-investment in the same project. Issuance of shares to non-residents against investments for setting up industries in Bangladesh. BEPZA has been striving hard to upgrade its operational efficiency to a level which would cater the diversified needs of the investors.

For granting export performance benefit, the list of export products and the rate of Export Performance Benefit XPB is reviewed from time to time.

Power to create zones. Obtaining of interest free repatriable short terms foreign currency loans by foreign firms investing in Zct from their head officesor any other sources through any authorised dealer.

III of to Act No. Tax exemption on capital gains from the transfer of shares of public limited companies listed with a stock exchange.

In order to boost its economic development a number of steps have been taken to xct Foreign Direct Investment FDI and facilitate industrialization process of the country. Work permit for foreign nationals is a pre-requisite for employment in Bangladesh.

Guide to Invstment in Bangladesh Foreign Private Investment (Promotion and Protection) Act, 1980

The direct employment opportunities for more thanBangladeshi nationals have also been created in the EPZ units constituting aft percent of the total work force from female category. Inclusion in or exclusion from Committees. Functions of the Board. Iraq sentenced foreigners for Daesh links in LVI of to Ordinance No. Distribution of property after death, if there is no Will.

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Guide to Invstment in Bangladesh Foreign Private Investment (Promotion and Protection) Act,

Import entitlement may, however, be refixed on verification of the actual requirement. XXI of to Act No. XLV of to E. To avail of the facilities and services provided by the BOI for setting up of industries the procedures mentioned below are to be followed by the entrepreneurs. Presently there are as many as eight operational EPZs and two proposed EPZs in different locations of the country contributing to the overall economic development process of Bangladesh through promotion of export and FDI, generation of employment, transfer of technology, and development of forward and backward linkage industries and so on.

II of Act No.

Concessionary duty as per SRO is allowed on the import of capital machinery and spare parts avt setting up export-oriented industries or BMRE of existing industries.

Procedure for obtaining work permit.