To make the investment more attractive and competitive, Bangladesh Government has announced several incentives for the investors. These incentives are updated on a yearly basis and new incentives are also declared.
Bangladesh offers tax holiday facility and depreciation allowance facility to strengthen a newly established business. These facilities are subjected to some conditions and provided by the Board of Investment. For some special purposes Income Tax and other taxes like Value Added Tax (VAT) have been exempted. Cash incentives are declared for the thrust sectors. Foreign investors can start 100% owned new companies or they can go for joint ventures. There is a very state forward procedure to exit from the business. The procedure of remittance of profits, dividends, sale proceeds, capital gains from portfolio investment, principal and interest of loans, technical fees, royalties against technical assistance/royalty agreements and savings is very comfortable and no prior permission is needed from Bangladesh Bank for those purposes. The issue of double taxation has been well taken care off through some treaties.
Bangladesh offers citizenship, permanent resident-ship and multiple entry visas for the foreign investors.