Laws, Regulations, Formalities, Facilities and Incentives on Investment: A Case Study of Bangladesh

Abstract

Investment is a crucial phenomenon for economic and industrial development of a country. The main objective of this paper is to highlight the present investment related laws and regulations in Bangladesh. An analysis has been made to depict different aspects and their impacts on formulations, promotions, incentives and facilities support provided by BOI, BEPZA, BSCIC, Ministry of Finance, Bangladesh Bank and National Board of Revenue to both local and foreign investors. A one stop source of all required information to all potential domestic and foreign investors regarding investment laws, regulations, formalities, facilities and incentives in Bangladesh needs to be provided in encouraging the investments at the desired level of the sustainable development. The results of the study indicate that variables related to investment in Bangladesh are highly positive for economic growth and industrial development of the country. Even then, Bangladesh government has to come forward to enhance the entrepreneurial capabilities of investors through providing more liberalized laws, regulations policies, facilities and incentives on investment.

Key words: Laws, regulations, formalities, facilities, incentives, investment, economic growth, industrial development etc.