The Bangladesh Investment Development Authority (BIDA) ( bn, বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষ) is the apex investment promotion agency (IPA) of

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

which is responsible for helping

foreign investors Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

to set up investments in the country. BIDA promotes and facilitates private investment and advocates business-friendly policies. BIDA provides regulatory services including registration, approvals and recommendations. BIDA is supervised by the Prime Minister's Office. The head office of BIDA is located in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...

and its divisional offices are in

Chattogram Chittagong ( /ˈtʃɪt əˌɡɒŋ/ ''chit-uh-gong''; ctg, চিটাং; bn, চিটাগং), officially Chattogram ( bn, চট্টগ্রাম), is the second-largest city in Bangladesh after Dhaka and third largest city in B ...

Rajshahi Rajshahi ( bn, রাজশাহী, ) is a metropolis, metropolitan city and a major urban, commercial and educational centre of Bangladesh. It is also the administrative seat of the eponymous Rajshahi Division, division and Rajshahi District ...

Khulna Khulna ( bn, খুলনা, ) is the third-largest city in Bangladesh, after Dhaka and Chittagong. It is the administrative centre of Khulna District and Khulna Division. Khulna's economy is the third-largest in Bangladesh, contributing $53 b ...

Sylhet Sylhet ( bn, সিলেট) is a metropolitan city in northeastern Bangladesh. It is the administrative seat of the Sylhet Division. Located on the north bank of the Surma River at the eastern tip of Bengal, Sylhet has a subtropical climate an ...

and

Barishal Barisal ( or ; bn, বরিশাল, ), officially known as Barishal, is a major city that lies on the banks of the Kirtankhola river in south-central Bangladesh. It is the largest city and the administrative headquarter of both Barisal Dist ...

History

BIDA was formed on September 1, 2016 through the enactment of th
Bangladesh Investment Development Authority Act 2016
which merged the then Board of Investment (BOI) and then Privatization Commission to establish the new authority.

Organization

The

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

is the chair of the governing board of BIDA. The Finance Minister is the vice-chair. The governing board supervises the executive council, which is headed by the executive chairman (senior secretary) and made up of 6 (six) executive members.

Lokman Hossain Miah Lokman (Arabic Arabic (, ' ; , ' or ) is a Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C. ...

has been the

Executive chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of the authority since August 23, 2022. He has been appointed to the position for three years. BIDA has six wings headed by executive members (additional secretary), which are: Strategic Investment, Marketing and Communication, International Investment Promotion, Local Investment Promotion, Investment Environment Services, Investment Ecosystem. The BIDA Secretary heads the administrative wing.

Services

BIDA is the first stop for investors exploring investment opportunities in Bangladesh. BIDA conducts active promotion of diversified investments in key strategic sectors and facilitates the entry, operation and growth of investment projects. BIDA also provides regulatory, information and aftercare services. Following are the services offered by BIDA: * Pre-investment information and counseling service * Investor welcome service through speedier immigration * Registration/approval of foreign, joint-venture and local projects * Registration/approval of branch/liaison/representative offices * Work permit approval for the foreign nationals * Approval for remittance of royalty, technical know-how and technical assistance fees * Facilitating import of capital machinery & raw materials * Approval of foreign loan suppliers’ credit, PAYE scheme etc. * Facilitation for utility connections * Assistance in obtaining industrial plots

Online One Stop Service (OSS) portal

BIDA hosts the country's first inter-operable online One Stop Service (OSS) Portal. BIDA established this platform by driving the digitization and integration of the investor services of various ministries, departments and agencies in Bangladesh. There are currently 51 services of 16 agencies available on this single-window platform. BIDA is working to integrate over 150 services of over 40 separate investor service providers. The

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...

, a development partner of BIDA, is providing technical assistance for the effective development of the OSS portal.

References

2016 establishments in Bangladesh Investment in Bangladesh Organisations based in Dhaka Government agencies of Bangladesh Investment promotion agencies Regulators of Bangladesh {{Bangladesh-org-stub