Board Of Investment (BOI)

The Government of Bangladesh established the Board of Investment (BOI) in 1989 for accelerating private investment in Bangladesh. The Board, headed by the Prime Minister of the Republic and represented by Ministers and Secretaries of the concerned Ministries.

The major functions of the Board are as follows:

• Promotion of investment;
• Providing all types of facilities for capital investment and rapid industrialisation
• Registration of industrial projects, foreign loan agreements, royalty, technical know-how; technical assistance agreement wherever required;
• Providing assistance to avail infrastructure facilities for industries;
• Issuing work permit to expatriate personnel working in private sector industrial enterprises;
• Providing import facilities to industrial units in the private sector;
• Approval of the terms and conditions of foreign private loan and suppliers' credit beyond the prescribed limit;
• Approval of payment of royalty, technical know-how and technical assistance fee to foreign nationals/organisations beyond the prescribed limits; and
• Recommendation for allotment of land in the industrial areas/estates for industrial purpose.
• In addition, BOI assists the investors in obtaining the following services:
• Electricity, gas and water connection;
• Sewerage connection;
• All kinds of telecommunication facilities;
• Custom clearance for imported machinery, spare-parts and raw materials;
• Clearance regarding environment pollution; and
• All other facilities and services that may be required for speedy setting up of an industry.