Business Desk :
Bangladesh Economic Zones Authority (BEZA) has taken a plan to provide 100 percent tax waiver for 15 years for the investors in the G2G (government to government) economic zones (EZs) if they invest in the export oriented industries and transfer technology or re-invest.
To this end, the authority has already sent a proposal by redesigning its various incentive packages to draw foreign direct investments (FDI) to negate COVID-19 pandemic onslaughts on national economy, keeping an extra eye on prospective sources in the South-East.
“For our tireless efforts, investors from many countries, including China, are coming to Bangladesh. To attract more investment, we have set out a series of proposed measures to redesign the incentive package for post-COVID FDI flow,” Bangladesh Economic Zones Authority (BEZA) executive chairman Paban Chowdhury told on Thursday.
The BEZA chief said his office sent a proposal to the Prime Minister’s Office (PMO) in May this year to attract new FDI, analysing moves by other regional FDI receiving competitors, while it is now awaiting a decision by the PMO.
He informed that BEZA proposed that companies which would invest US$100 million or create 300 employments would get 100 percent tax benefit for seven years from the Bangladesh government.
“If any investor invests $200 million or create over 300 employments, BEZA has proposed to provide 100 percent tax holiday for 10 years,” he added.
He said BEZA has also proposed complete corporate tax waiver and duty-free facility on importing all machineries and equipments for the investors who would like to relocate their investment in Bangladesh for production in export oriented industries from other countries under G2G basis economic zones.
Bangladesh Economic Zones Authority (BEZA) has taken a plan to provide 100 percent tax waiver for 15 years for the investors in the G2G (government to government) economic zones (EZs) if they invest in the export oriented industries and transfer technology or re-invest.
To this end, the authority has already sent a proposal by redesigning its various incentive packages to draw foreign direct investments (FDI) to negate COVID-19 pandemic onslaughts on national economy, keeping an extra eye on prospective sources in the South-East.
“For our tireless efforts, investors from many countries, including China, are coming to Bangladesh. To attract more investment, we have set out a series of proposed measures to redesign the incentive package for post-COVID FDI flow,” Bangladesh Economic Zones Authority (BEZA) executive chairman Paban Chowdhury told on Thursday.
The BEZA chief said his office sent a proposal to the Prime Minister’s Office (PMO) in May this year to attract new FDI, analysing moves by other regional FDI receiving competitors, while it is now awaiting a decision by the PMO.
He informed that BEZA proposed that companies which would invest US$100 million or create 300 employments would get 100 percent tax benefit for seven years from the Bangladesh government.
“If any investor invests $200 million or create over 300 employments, BEZA has proposed to provide 100 percent tax holiday for 10 years,” he added.
He said BEZA has also proposed complete corporate tax waiver and duty-free facility on importing all machineries and equipments for the investors who would like to relocate their investment in Bangladesh for production in export oriented industries from other countries under G2G basis economic zones.
