Update on Investment Licensing in Bangladesh: New BIDA Practices

Dubbed by some “an economic miracle”, even the global pandemic has not been able to stamp out Bangladesh’s upward development trajectory. It eked out its larger neighbor India in terms of GDP growth according to World Bank reporting, at least in 2021, and its projected GDP growth for 2022 is higher than that of Pakistan, Sri Lanka or Nepal. To sum it up, Bangladesh is poised to make one of Asia’s strongest comebacks in the post-COVID era.

Highlights of this note

• Registration with BIDA (and why your application might
  not move forward)
• Inward capital remittance
• How problematic is the land during a BIDA application?
• Practical solutions are sometimes needed during the BIDA process