Exploring the Free Zones of Bangladesh: A Gateway for Global Investors
Bangladesh, a rising economic powerhouse in South Asia, has strategically established Export Processing Zones (EPZs) and Special Economic Zones (SEZs) to attract foreign and local investors. These zones are tailored to foster export-oriented industries, facilitate ease of business, and ensure an investor-friendly environment. Below is an overview of Bangladesh's free zones, highlighting their facilities, incentives, and advantages for businesses.
Export Processing Zones (EPZs) in Bangladesh
Bangladesh currently operates several EPZs under the governance of the Bangladesh Export Processing Zones Authority (BEPZA). These zones are designed exclusively for export-oriented industries and offer unmatched facilities and benefits for investors.
- Dhaka Export Processing Zone (DEPZ): A Hub for Investment Opportunities
The Dhaka Export Processing Zone (DEPZ) is situated in Savar , on the outskirts of Bangladesh’s capital, Dhaka. Established in 1993, it is one of the most significant zones managed by the Bangladesh Export Processing Zones Authority (BEPZA). DEPZ has become a vital hub for export-oriented industries, attracting significant foreign and local investment due to its strategic location, close to administrative and commercial centers.
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Facilities in Dhaka EPZ
Industrial Plots and Factory Buildings: DEPZ offers a mix of plots and ready-made factory buildings designed to meet diverse industrial requirements.
Utilities: Continuous power supply, water, and telecommunication services are ensured.
Logistics Support: Proximity to Dhaka facilitates easy transportation of goods to international markets via Hazrat Shahjalal International Airport and nearby seaports.
Customs and Security: On-site customs facilities and 24/7 security make DEPZ an attractive location for businesses.
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Key Sectors in Dhaka EPZ
Industries in DEPZ range from textiles and garments to electronics, leather goods, and pharmaceuticals. It has become a preferred destination for companies looking to establish their manufacturing base due to the availability of a skilled workforce.
Incentives for Investors
DEPZ provides a wide range of fiscal and non-fiscal incentives, including:
- Tax Holidays: Up to 7 years of corporate tax exemptions.
- Duty-Free Benefits: Exemption from duties on the import of raw materials, machinery, and finished goods.
- Repatriation of Profits: Full repatriation of profits and dividends is permitted.
- One-Stop Service: Streamlined administrative processes for investors, including visa facilitation and work permits.
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Advantages of DEPZ
- Proximity to Dhaka: Access to administrative hubs and skilled labor pools.
- Efficient Logistics: Enhanced connectivity to major transport networks.
- Export-Oriented Environment: DEPZ ensures duty-free access to numerous global markets, including the EU and North America, through preferential trade agreements.
- Investment Opportunities
DEPZ offers opportunities across a variety of sectors, supported by BEPZA’s commitment to facilitating ease of business. It serves as an ideal location for manufacturers aiming to cater to international markets while benefiting from competitive production costs.
For more details, you can explore the official BEPZA site: www.bepza.gov.bd
is one of the most significant zones managed by the Bangladesh Export Processing Zones Authority (BEPZA). DEPZ has become a vital hub for export-oriented industries, attracting significant foreign and local investment due to its strategic location, close to administrative and commercial centers.
Last Update On: Sunday 24th , November,2024