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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Following its unprecedented success the second one came into being in in Dhaka. Export-oriented industries are allocated foreign exchange for publicity campaign and for opening offices abroad.
Rationalisation of import duty: Tax exemption on the interest on foreign loans under certain conditions.
Acquisition of land for a zone. Balances in these foreign currency accounts can be used by the exporters for bonafide business purposes such as business visits abroad, participation in export fairs and seminars, import of raw materials, machinery and spares etc. Once abandoned projects are now vibrating with activity.
The exporter will be able to get brpza the duty draw-back directly from the concerned commercial bank.
No prior permission of BOI is required for entering into agreements for remitting fees for the purpose of royalty, technical know-how and technical assistance if the total fees and other expenses connected with technology transfer service fee, marketing commission etc. Avoidance of double taxation in case of foreign investors on the basis of bilateral acct.
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 64 percent of the total work force from female category.
Out of this 7.
No permission is required for import of free list items. A recent study suggests that in FY EPZs have induced economic benefit equivalent to 6, crore taka to our economy. The Government shall accord fair and equitable treatment to foreign private investment which shall enjoy full protection and bepsa in Bangladesh. I of Act No. 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.
In order to boost its economic development a number of steps have been taken to attract Foreign Direct Investment FDI and facilitate industrialization process of the country.
The functions of the Authority. New Year celebrations around the world. VIII of E.
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Minimum bepzza per cent export oriented industries outside developed areas: Entire export earning from handicrafts and cottage industries is exempted from income tax. Power to exempt Zones from operation of certain laws. Other industries outside developed areas: Power to make rules.
Ensue full implementation of E-governance in all EPZs. Log in to leave a comment. Export oriented industries acf exempted from paying local taxes avt as municipal taxes.
Appointment of officers, etc. Allotment of land etc. Pakistan International Airlines fires pilots with fake school degrees. Palestinian court jails US-Palestinian for life for Jerusalem land sale. I am deeply impressed to take part with implementing works. Tax holiday facility can be availed by industries set up in Bangladesh within June 30, A.
Compliance: BEPZA Act –
The quantity and value of samples is determined jointly by the concerned sponsoring agency and the National Board of Revenue NBR. Permission for setting up industry in the zone, etc. Increasing FDI in the manufacturing activity has important bearing on the development of market access skill and transfer of technology. An Attractive Investment Destination.
Development of improved physical infrastructures, integrated environment and water management, power generation, commercial complex on Public Private Partnership PPP basis.
Permission for setting up joint venture industrial units with the public sector corporations.