BEPZA is a government body empowered and responsible for the creation, development, operation and management of industrial zone like Export Processing Zone as well as promoting investment in Bangladesh. BEPZA has been established by Act no. 36 of 1980 in a view to boost up industrialization, export, employment generation and technology transfer within the land. To meet the growing need of attracting FDI, Local Investment and industrialization, the Government took initiative to set up Export Processing Zones (EPZs) in the different parts of the country. Bangladesh Export Processing Zones Authority (BEPZA) is working directly under the leadership of the Honorable Prime Minister of the country.
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Vision of BEPZA
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Mission of BEPZA
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To become a significant contributor for economic development of Bangladesh.
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Strengthen the economic base of Bangladesh through industrialization, promotion of investment, boost up export and generation of employment in the Export Processing Zones.
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Objectives of BEPZA:
- Boost up Foreign and Local Investment
- Accelerate Volume of Export
- Create Job Opportunity
- Poverty Alleviation
- Transfer of Technology and Skill Development
- Development of Backward and Forward Linkage Industries
- Promote Accessories and Supportive Service Enterprises
Type of Investment:
- Type A: 100% Foreign Ownership
- Type B: Joint Venture between Bangladesh and Foreign Investors (no limit on extent of equity share)
- Type C: 100% Bangladeshi Ownership.
Services of BEPZA:
BEPZA provide the following services to the investors:
- Permission for setting up industry in EPZsbywith minimum required document.
- Allotment of fully serviced industrial Plots/ Standard Factory Building (SFB) for establishment of industry in EPZs;
- Duty-Free Import of raw materials, Machinery, Construction Materials and duty-free export of finished goods;
- Expeditions services including Import & Export Permit through Automationwithin same day;
- One Stop Service through OSS center;
- Issuance of Work Permit for Foreign Expatriate;
- Connection of Water and Electricity;
- 24/7 security service;
- Customs clearance at the factory site;
- Import and Export on CM/CMP/CMT basis allowed;
- Import from Domestic Tariff Area (DTA);
- Intra / inter zone sub-contracting & transfer of goods allowed;
- Sub-contracting with Export Oriented Industriesinside and outside EPZ allowed;
- No requirement of IRC (Import Registration Certificate), ERC (Export Registration Certificate);
- Administrative support services: Commissariat, Medical Center, Investors Club, Health Club, etc
BEPZA offers many fiscal and non-fiscal incentives for the investors in the EPZs. Some of the incentives are:-
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The fiscal incentives
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The non-fiscal incentives
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- Tax Holiday of 5-7 years
- Duty free import of machinery, equipment & construction materials.
- Duty free import of raw materials.
- Duty free export of finished goods.
- Relief from double taxation.
- Exemption from dividend tax for tax holiday period.
- Taking and offering subcontracting are allowed both inside and outside EPZ.
- Sale of 10% finished products except garments to Domestic Tariff Area (DTA) is allowed.
- Sale of 10% defective finished goods to DTA is allowed subject to approval of a committee.
- Sale of 10% surplus raw materials to DTA is allowed.
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- No ceiling on foreign and local Investment.
- 100% foreign ownership permissible.
- Full repatriation of profit, capital & establishment.
- Foreign currency loan from abroad under Off-Shore Banking Unit (OBU) facilities.
- Non-resident Foreign Currency Deposit (NFCD) allowed for ‘A’ type industries.
- Operation of FC account by ‘B’ and ‘C’ type Industries allowed.
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Rent of Plots and Slandered Factory Building (SFB)
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Zone
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Land
(US$ / SQM / YEAR)
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SFB
(US$ / SQM / MONTH)
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BEPZA Economic Zone
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2.75
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3.50
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Chattogram, Dhaka, Comilla, Adamjee & Karnaphuli EPZ
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2.50
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3.00
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Mongla, Ishwardi & Uttara EPZ
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1.40
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1.75
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Required Documents for Permission to set up industry in EPZs:
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Letter addressed to Executive Chairman.
- Project Proposal for investment in concernEPZ.
- Proforma Invoice of Machinery and equipment to be imported.
- Copy of Money Receipt of purchasing the Project Proposal Form.
- Memorandum & Articles of Association along with Certificate of Incorporation duly attested by the Registrar, Joint Stock Company & Firms of Bangladesh.
- Bank solvency certificates of the sponsors/Directors.
- Copies of passport of sponsors/ Directors.
- Manufacturing Process of the products.
