Tax Incentives and Investment Conditions
3.10 Export processing zones (EPZ)
EPZS have been established by the Bangladesh Export Processing Zones
Authority (BEPZA) under the Bangladesh Export Processing Zones Act of
1980 in order to invigorate industrialization and boost employment
through promotion of trade and investment.
BEPZA is responsible for attracting foreign investment, facilitating fiscal
and operational benefits and thus, providing a special customs bonded
areas for investors to set up their infrastructure in Bangladesh in a
congenial investment climate.
-
BEPZA provides various one stop services to expedite and ease setup
and operational requirements,
Dedicated branches of banks, courier, post office, shipping agent,
customs office, police station etc. are setup in EPZ areas to provide
access or essential services,
Fiscal benefits
Tax exemption up to 7 and 5 years depending upon location
of EPZ,
Import tariff exemptions and duty draw back-back facilities
on import of raw materials, machinery, equipment and
construction materials,
100% foreign investment is permissible,
Medium/long term foreign borrowing facilities,
Operation of foreign currency accounts,
Bonded warehousing facilities.
KPMG
8
EPZS are currently
operational across
Bangladesh
© 2023 Rahman Rahman Huq and KPMG Advisory Services Limited are entities registered in Bangladesh, and member firms of the KPMG global organisation of independent member
firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Bangladesh.
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