How Foreigners Can Set Up in Bangladesh’s BEZA or Hi-Tech Parks

“In Bangladesh, your next big opportunity might just be inside a zone with its own rules, perks, and potential.”

First Things First: Why Even Consider a Zone?

If you’re a foreign entrepreneur researching how to start a business in Bangladesh, you’ve probably already learned about the usual compliance steps—BIDA approval, company types and restrictions, suitable industries, company registration, taxation, trade license, opening a business bank account, etc.

But what if you could launch in a space that offers:

• Income tax holidays
• No cap on foreign equity
• Fast-track permits and customs clearance
• And even citizenship or residency options if your investment’s big enough?

That’s exactly what the BEZA or Bangladesh Economic Zones Authority and the BHTPA or Bangladesh Hi-Tech Park Authority are bringing to the table.

How Are Bangladesh’s Economic Zones Different from Hi-Tech Parks?

BEZA (Economic Zones)

• Think manufacturing, export-oriented industries, logistics, and assembly lines
• 100+ public and private zones planned across the country
• Includes custom-bonded export processing zones, private economic zones, and sector-specific hubs

Example: Chittagong’s Mirsarai Economic Zone or Narayanganj’s Meghna Private EZ.

Hi-Tech Parks (BHTPA)

• Designed for ICT, R&D, software, hardware, artificial intelligence, biotechnology, and digital services
• Zones like Kaliakoir Hi-Tech Park, Jessore Software Technology Park, and Bangabandhu Hi-Tech City (BHTC) offer space, infrastructure, and policy support
• Project registration is required, but doesn’t automatically guarantee land or space allocation.

So… Can Foreigners Set Up Here?

Absolutely. In fact, foreigners are encouraged to apply. BEZA and BHTPA both offer:

• 100% foreign ownership
• No ceiling on foreign equity
• Full repatriation of profits
• Fast-track work permit approvals for up to 5% of your workforce

And yes, under BEZA:

• Resident visa is available for $75,000+ investment
• Citizenship is an option at $500,000+ investment

What Kind of Businesses Can Apply?

Here’s what works best inside zones:

BEZA is ideal if you’re into:

• Light/heavy manufacturing
• Textiles or garments
• Logistics and shipping
• Agribusiness, food processing
• Pharmaceuticals, automotive assembly

Hi-Tech Parks are ideal for:

• Software development
• Hardware assembly
• Data centers, fintech, AI, IoT
• Startup incubators, BPO/KPO firms
• Green tech and clean energy R&D

If you’re building something digital, clean, and future-facing—BHTPA wants you.

What Do You Actually Get? (The Incentives)

BEZA Fiscal & Non-Fiscal Benefits:

• 10-year corporate tax holiday (phase-down after 10th year)
• VAT exemption on electricity and local purchases
• Importing raw materials and capital goods without paying duties
• No customs tax in EPZs
• Dividend tax exemption, double taxation relief, and capital gains tax waivers
• 50% income tax rebate for expats (5 years)
• Stamp duty waiver for land/factory lease

BHTPA (Hi-Tech Park) Benefits:

• 12-year tax holiday for developers
• 10-year tax holiday for park tenants
• No restriction on foreign investment
• Exemption from customs duty on capital machinery
• Accelerated depreciation and freedom to repatriate profits

How to Register in a Hi-Tech Park

Here’s what the process looks like (yes, it’s online now):

1. Apply through OSS:

https://ossbhtpa.gov.bd

2. Submit:

• Application Form (BHTPA Form 01)
• Passport/ID, logo, project summary
• Director photo + signature
• Basic company info (project profile, sector, investment plan)

3. BHTPA Reviews in Four Stages:

• Assistant Director → Deputy Director → Director → Managing Director
• You may be asked for clarifications or additional payment during the review
• Once approved, you receive a Project Registration Certificate
  • Valid for 3 years, renewable every 2 years

Important Note: Project registration is not land or space allotment. That comes separately, and depends on availability and negotiation.

Registration Fees:

• USD 100–500 depending on investment size
• Additional Tk. 8,000/year per work permit for foreign staff

How to Register in a BEZA Economic Zone

Unlike Hi-Tech Parks, BEZA doesn’t rely solely on online registration. It follows a more relationship-driven process—but yes, BEZA does operate an OSS platform that supports many investor services after initial approval.

Here’s what it looks like:

Step-by-Step Snapshot (BEZA Setup):

1. Submit an Investment Proposal

This is usually done through BEZA’s Investment Promotion Office, or in some cases, through oss.beza.gov.bd for initial documentation. Your proposal should outline:

• Your business model
• Investment amount
• Proposed sector
• Utility needs (electricity, gas, water)
• Land requirements
• Employment projections
• Timeline and project viability

2. BEZA Evaluation

Once received, your proposal is reviewed by BEZA’s technical and legal committees. You may be invited for:

• Clarification meetings
• Environmental and compliance checks
• Location feasibility reviews

3. Letter of Confirmation + Investor License

If your proposal is approved:

• BEZA issues a confirmation letter and investor license
• Land/space allocation is confirmed
• If you’re entering a Private Economic Zone, BEZA coordinates with that zone’s developer

4. Setup & Support via OSS

You’ll sign your lease agreement, access utilities, and begin onboarding.

From here, the OSS portal helps facilitate:

• Work permit approvals
• Tax/VAT exemption letters
• Visa endorsements
• Customs coordination

Important Note: The BEZA OSS is not a project registration platform like BHTPA’s. You still need to go through the proposal submission and internal approval first.

The portal is used after project approval to handle post-license services, not the investment pitch itself.

What About Private Economic Zones?

Yes, you can also set up in private economic zones in Bangladesh, such as:

• Meghna Economic Zone (Narayanganj)
• Abdul Monem EZ (Munshiganj)
• AK Khan EZ (Narsingdi)

These zones are run by private developers but governed by BEZA policies.

They offer the same tax and infrastructure incentives, but with potentially faster setup and more flexible land/lease options.

Don’t Overthink the “Zone” Label

Bangladesh’s special economic zones aren’t just fenced-in industrial parks.

They’re policy umbrellas—mini-governments in many ways—with better tax laws, easier permits, and friendlier infrastructure.

So if you’re a foreign founder, manufacturer, or tech visionary, and you’re wondering if these zones are “worth it”?

The answer is:

If you’re investing long-term and want leverage—yes.

Start early. Structure it right. And use the incentives before they tighten.

FAQ

Can foreigners really invest in Bangladesh’s economic or hi-tech zones?

Yes. 100%. Bangladesh actively encourages foreign investors in both the BEZA and the Hi-Tech Parks. You can own 100% of your business, repatriate profits, and even qualify for residency or citizenship based on investment size.

What’s the difference between BEZA and Hi-Tech Parks?

BEZA zones are generally for large-scale industry, manufacturing, export, and logistics.

Hi-Tech Parks are focused on ICT, digital services, software, R&D, biotech, and startups.

Both offer tax holidays, customs benefits, and full repatriation of profits—but serve different sectors.

Do I need a local partner to invest in BEZA or BHTPA?

No. You can invest and operate as a 100% foreign-owned entity. Local partnerships are optional, not mandatory.

Can I register a project in BEZA completely online?

Not exactly. BEZA’s OSS (One Stop Service) portal handles post-approval services, but initial project proposals still go through offline evaluation. It’s a mix of digital and direct engagement.

How long does BEZA take to approve a new project?

It varies by project size and sector, but typically 6–12 weeks from submission to confirmation—faster if your proposal is clean, complete, and backed by prior discussions with the zone authority.

What incentives do I actually get as a foreign investor?

You’ll get:

• Income tax holidays (up to 10–12 years)
• VAT exemptions, customs duty waivers, fast-track utilities, and investment protection under international treaties
• In Hi-Tech Parks: Additional perks for tech/IP-based ventures

Can I get land or space in a Private Economic Zone?

Yes. Private zones operate under BEZA policy, and often offer faster onboarding. Once BEZA approves your license, the zone developer handles space allocation.

Do I need separate work permits or visas to operate in a zone?

Yes. Even inside zones, you’ll need to apply for a work permit and E visa through BIDA, BEZA, or BHTPA—depending on your zone. Many permits and renewals are now processed via OSS platforms.

Is registering in a Hi-Tech Park easier than BEZA?

Yes, in many cases. Hi-Tech Parks offer online project registration via their OSS system. BEZA is catching up but still relies more on direct engagement and proposal reviews.

Can a startup set up in a Hi-Tech Park?

Absolutely. Startups in tech, fintech, AI, R&D, hardware, and software are highly encouraged. Some parks also offer incubation space, subsidized rent, and dedicated startup policies.