Tax Incentives and Investment Conditions
3.11 Economic zones (EZ)
$
EZs have been established by the Bangladesh Economic Zones Authority
(BEZA) under the Bangladesh Economic Zones Authority Act of 2010 in
order to encourage rapid economic development through increase and
diversification of industry, employment, production and export.
BEZA provided multiple incentives, to the developers of the Economic
Zones as well as to the manufacturing unit investors. Similar to EPZS,
BEPZA also provide one-stop services and established dedicated branches of
banks, courier, post office, shipping agent, customs office, police station etc.
for the investors.
Government owned
EZs
69
29
Private EZs
Fiscal benefits
Tax exemption up to 10 years,
Tax exemption on dividend during tax exemption period,
Tax exemption on capital gains from transfer of shares for 10
years,
Tax exemption on royalties, technical know-how and
technical assistance fees, etc. for 10 years,
Tax exemption on salary of expatriate employees for 3 years,
Exemption of VAT on all utility services.
Duty free import of goods to be used for the development of
Zones
100% foreign investment is permissible,
Medium/long term foreign borrowing facilities,
Operation of foreign currency accounts,
Bonded warehousing facilities.
KPMG
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