Recent Developments for Investors in Bangladesh:
The Bangladesh Investment Development Authority (BIDA) has introduced a fully digital outward remittance repatriation approval service on the BIDA One Stop Service (OSS) portal. This initiative aims to simplify the approval process for royalty, technical assistance, and franchise fees, providing local and foreign investors with a more straightforward way to manage financial operations. Approvals are now expected within seven working days, which may enhance transparency and accountability in the business environment.
As a consulting contributor for the BanglaBiz platform, which integrates OSS services from various investment promotion agencies, we anticipate that these services will be included in the BanglaBiz unified digital platform in the future. This development could streamline investment processes and improve user experience, potentially facilitating easier repatriation options for businesses operating in the Bangladeshi market.
