BEZA Plans Incentive Package to Attract Foreign Investors

The Bangladesh Economic Zones Authority (BEZA) plans to draw up a lucrative incentive scheme to attract foreign investors. The Chairman of BEZA, Paban Chowdhury, stated that the Authority has already submitted a proposal to the Prime Minister’s office on how Bangladesh can offer policy support and incentives to foreign investors.

As per the BEZA proposal, foreign companies that relocate their operations to Bangladesh in the post COVID-19 era will be provided with several lucrative incentives including permission to import used machinery for their production facilities, corporate tax exemptions up to 10 years, waiver of Value Added Tax for land leasing, bonded warehouse facilities as well as subsidies for the constr...