Introduction
In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. The Bangladesh Export Processing Zones Authority (BEPZA) is the official organ of the government to promote, attract and facilitate foreign investment in the Export Processing Zones.

The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures. Two EPZs, one in Chittagong and the other near Dhaka are now operational.

Following information is provided to the potential investors for investment in EPZs of Bangladesh.

Eligible investors
100% foreign owned including Bangladesh nationals ordinarily resident abroad (Type-A).Joint venture between foreign and Bangladesh entrepreneurs resident in Bangladesh (Type-B) 100% Bangladesh entrepreneurs resident in Bangladesh (Type-C).

Mode of Investment
Investment is convertible in foreign currencies by foreign investors. Option to establish public/private Ltd companies or sole proprietorship/partnership concerns.

Investment Guarantee
Foreign Private Investment (Promotion and Projection) Act 1980 secures all foreign investment in Bangladesh. OPIC"s (Overseas Private Investment Corporation, USA) insurance and finance programs operable. Security and safeguards available under Multi-national Investment Guarantee Agency (MIGA) of which Bangladesh is a member. Arbitration facility of the International Center for the Settlement of Investment Dispute (ICSID) available.

Tele-communications
Telex, Fax and International Dialing Services connected through satellite system available.

Communications
Adequate sea, rail, road and air communications services are available.

BEPZA 

Sanctions projects generally within one week.

Issues required Import/Export Permits.

Issues required Work Permits for foreign nationals working in EPZ enterprises.

Provides required infrastructure facilities in EPZs.

Offers 'One Window Same Day Service' to investors in EPZs.

PRODUCTION ORIENTED LABOR LAWS

Law forbids formation of any labor union in EPZs.
BEPZA is vested with responsibility to administer labor matters for all enterprises in EPZs.

Minimum Wages (Monthly)
Apprentices/Trainee US $22.00, Unskilled US $38.00, Semi-skilled US $45.00, Skilled US $63.00

Other benefits include Conveyance Allowance, House Rent, Medical Allowance and Festival Bonus. 

Working Hours
48 hours a week in a factory. 40 hours a week in an office. 5 working days in a week

Employees leave
10 days Casual leave, 17 days Annual leave