About us

WHO WE ARE

Ever since the independence of Bangladesh, Japanese companies have been doing business in Bangladesh in various sectors

Ever since the independence of Bangladesh, Japanese companies have been doing business in Bangladesh in various sectors, including garments, IT, infrastructure etc. Japan has been contributing to these sectors with high quality and constantly improving technology to help the country become a developing nation. For example, Japan International Cooperation Agency has made huge investments in Bangladesh's infrastructure, agriculture, health sector and other vital fields. Japan has also emerged as Bangladesh's largest lender in terms of aid disbursement. In 2012, Japan became the largest bilateral donor for Bangladesh. Japan and Bangladesh have maintained a very healthy bilateral relationship for several decades now and the bond is only getting stronger day by day.
japan desk

With a view to increase investment opportunities for Japanese companies and to streamline the entire process of entering different markets in Bangladesh, 'Japan Desk' has been launched by the Chittagong Chamber of Commerce and Industry (CCCI). The desk has been set up in a joint initiative of the Chittagong Chamber of Commerce and Industries (CCCI), Japan External Trade Organization (JETRO) and Japan-Bangladesh Chamber of Commerce and Industry (JBCCI). Legal Counsel, a renowned Bangladesh Law firm is its operational partner and New Vision being its knowledge partner. At this desk, any Japanese investment company can ask for any kind of support in terms of trade and investment in Bangladesh. This desk will provide investment data and free of cost initial consultation through its partners. For detailed services, the service provider partners will charge a discounted and mutually agreeable fee from the service recipient directly. While the Japan Desk is physically located in Chattogram, it is committed to provide services all across Bangladesh for the existing and potential Japanese inventors.

Why Bangladesh?

Bangladesh is one of the most promising emerging markets in the world

Bangladesh is one of the most promising emerging markets in the world and foreign investors have well started to recognize it as a market to keep an eye on. Investment opportunities have opened up in Bangladesh for its competitive wages, strategic location, stable policies, exchange rate and political situation, developing infrastructure and huge youth working force. Bangladesh offers generous opportunities for investment under its liberalized Industrial Policy and export-oriented and private sector-led growth strategy. Bangladesh offers special privileges for Japanese inventors investing in various sectors and also investing in the various economic zones situated across the country.  Some of these are as follows:

Tax holiday and exemptions

5-10 years of Tax Holiday and reduced tax depending on areas. 100% tax exemption on income and capital gain for certain projects under Public Private Partnership (PPP) for 10 years. 100% tax exemption from software development, Nationwide Telecommunication Transmission Network or Information Technology Enabled Services. 50% of income derived from export is exempted from tax. Exemption of customs duties on capital machineries; Exemption of import duties on raw material used for producing export goods; etc.

DOUBLE TAXATION REGIME

NBR is entrusted to negotiate Double Taxation Agreements (DTA) with foreign countries to promote FDI in Bangladesh. The DTA is an agreement between two countries seeking to avoid double taxation by defining the taxing rights of each country with regard to cross-border flows of income and providing for tax credits or exemptions to eliminate double taxation.

Bangladesh has a double taxation avoidance agreement with more than 30 major trading partner countries, including Japan. Expatriate employees involved in specific sectors can also avail income tax exemption for up to 3 years.

Bipartite agreements with Japan govt. to accelerate and facilitate the trade between the countries, e.g. a list of goods/industries that falls in the subsidized quota/tariff charges.

Capital repatriation

Full repatriation of capital invested from foreign sources will be allowed. Profits and dividends accruing to foreign investment may also be transferred in full. If foreign investors reinvest their dividends and or retained earnings, those will be treated as new investment.

Accelerated depreciation

Industrial undertakings not enjoying tax holiday will enjoy accelerated depreciation allowance. Such allowance is available at the rate of 100 percent of the cost of the machinery or plant if the industrial undertaking is set up in the areas falling within the cities of Dhaka, Narayanganj, Chittagong and Khulna and areas within a radius of 10 miles from the municipal limits of those cities.

Investing in the stock market

Foreign investors are allowed to participate in Initial Public Offerings (IPOs) without regulatory restrictions. Capital gain from listed shares is tax-exempt for individual investors and lower tax rate is applicable for company and others entities

Other incentives

Citizenship by investing a minimum of USD $500,000.00 or by transferring USD 1,000,000.00 to any recognized financial institution (non-repatriable).
Permanent residency by investing a minimum of USD 75,000.00 (non-repatriable).
Bangladesh is on the verge of a significant breakthrough in terms of both international investor confidence and significant inflow of new investment funds. Accelerated economy in Bangladesh will not only benefit Bangladesh but also world trade and commerce.

About us Japan Desk

About us Japan Desk

About us Japan Desk

About us Japan Desk