Structure and Objectives

Broadly, the objective of BOI is to encourage and promote investment in the private sector both from domestic and overseas sources and to provide necessary facilities and assistance in the establishment of industrial setup with a view to contribute to the socio-economic development of Bangladesh .

Functions & Services

Functions of BOI

Broadly, BOI is responsible for facilitating private investment in the country. its functions are :

i. Providing of all kinds of facilities in the matter of investment of local and foreign capital for the purpose of rapid industrialization in the private sector;

ii. Implementation of the Government policy relating to the investment of capital in industries in the private sector;

ii. Preparation of investment schedule in relation to industries in the private sector and its implementation;

iv. Preparation of area-schedule for establishment of industries in the private sector and determination of special facilities for such areas;

v. Approval and registration of all industrial projects in the private sector involving local and foreign capital;

vi. Identification of investment sectors and facilities for investment in industries in the private sector and giving wide publicity thereof abroad;

vii. Invention of specific devices for the purpose of promotion of investment in industries in the private sector and their implementation;

viii. Creation of infrastructural facilities for industries in the private sector;

ix. Determination of terms and conditions for employment of foreign officers, experts and other employees necessary for industries in the private sector ;

x. Preparation of policies relating to transfer of technology and phase-wise local production in the private sector and their implementation;

xi. Providing necessary assistance in the rehabilitation of sickly industries in the private sector;

xii. Financing and providing assistance in the financing of important new industries in the private sector;

xiii. Adoption of necessary measures for creation of capital for investment in industries in the private sector;

xiv. Collection, compilation, analysis and dissemination of all kinds of industrial data and establishment of data-bank for that purpose; and

xv. Doing such other acts and things as may be necessary for the performance of the above functions. BOI has been entrusted to give approval of foreign commercial offices.

xvi Providing secretarial services to Private Infrastructure Committee (PICOM)

(for details please see page 80).

To summarize, BOI services available for the investors could be categorized in three stages.

Stage 1: Pre-investment Information and Counseling

At this stage, BOI provides all sorts of information required by an investor to undertake initial investment move (also see Chapter 4). Professional Investment & Business Counselors provide cordial assistance upon visit to the BOI office, over phone, by email & fax and express mailing. It also assists in company formation and registration.

Stage 2: Special Welcome Service to Foreign Investors

BOI has Welcome Service Desk at Zia International Airport , Dhaka and Shah Amanat International Airport , Chittagong operating round-the-clock. It assists in obtaining necessary immigration and Visa on Arrival / Landing Permit, hotel accommodation and counseling arrangement.

Stage 3: Investment Implementation and Commercial Operation

Once the investor decides to invest and forms a company, BOI provides following specific facilities and comprehensive services:

a. Industrial registration

b. Industrial Plot

c. Utility Connections

d. Terms and Condition of Foreign Loan, Suppliers' Credit, deferred payment,

PAYE Scheme etc.

e. Import of Machinery and Raw Materials

f. Work Permit

g Remittance of Royalty, Technical Know-How and Technical Assistance Fees

Procedural Mapping : First Contacts

To avail the facilities and services provided by BOI to the investors, approaching the right Serving Desk brings efficiency in the process and interaction. Following Guide Table shows a summary of such desks by functions / services: