
In line with the government investment policies, Janata Bank undertakes joint venture financing and foreign investment in Bangladesh.
The country offers attractive facilities and incentives to foreign investors. The main facilities and incentives are appended below:
The Policy framework for foreign investment in Bangladesh is based on Foreign Private Investment (Promotion and Protection) Act, 1980 which provides for;
- non - discriminatory treatment between foreign and local
investment.
- protection of foreign investment from expropriation by the state
and
- ensured repatriation of proceeds from sale of shares and
profit
Facilities and Incentives:
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tax holiday for five or seven years depending on location of industries; 10 years in EPZs. |
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15 years tax holiday for private power generation companies. |
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facilities for full repatriation of invested capital, profit & dividend. |
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exemption of tax on interest on foreign loan. |
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tax exemption on royalties, technical know - how & technical assistance fees. |
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avoidance of double taxation on the basis of bilateral agreements. |
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three years' multiple entry visa for the prospective investors. |
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TAKA,
the Bangladesh currency, is convertible for international payments in the current account. |
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re- investment of repatriable dividend treated as new investment. |
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full working capital loans from local Banks allowed for foreign investors or companies. |
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citizenship
by investing a minimum of US $ 5,00,000 or by transferring US $ 10,00,000 to any recognized financial institution (non -
repatriable). |
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permanent residentship by investing a minimum of US $ 75,000 (non repatriable). |