Rule · BB · 17 Oct 2023
The Bangladesh Investment Development Authority (BIDA) issued Notification No: 03.219.344.00.00.1142.2019-849 on May 29, 2023, amending its 2011 guidelines to establish the 'Guidelines for Granting Permission for Establishment of Foreign Commercial Offices in Bangladesh, Providing Recommendations of Visas and Issuing Work Permits to Foreign Workers, 2023'. Bangladesh Bank’s Foreign Exchange Investment Department directs all Authorized Dealers to refer to these updated guidelines and the Guidelines for Foreign Exchange Transactions-2018 for granting permission to establish or open branch, liaison, or representative offices of foreign companies in Bangladesh and for issuing work permits to foreign nationals. The amended guidelines have been posted on the BIDA website for execution by all concerned stakeholders.
Foreign Exchange Investment Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FEID circular letter no. 06 Date: 17/10/2023
Head Offices/ Principal Offices of all
Authorized Dealers in Bangladesh
Dear Sir,
‘Guidelines for Granting Permission for Establishment of Foreign Commercial Offices in Bangladesh, Providing Recommendations of Visas and Issuing Work Permits to Foreign Workers, 2023’ by Bangladesh Investment Development Authority (BIDA). Please refer to paragraph 3, chapter 17, Section II of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 and Guidelines issued by Bangladesh Investment Development Authority (BIDA) in 2011 for granting permission to establish/open branch, liaison, representative offices of foreign companies in Bangladesh & issue work permit against foreign national(s).
02. BIDA has amended/updated the ‘Guidelines 2011’ and accordingly issued Notification No:
03.219.344.00.00.1142.2019-849 as of May 29, 2023 concerning ‘Guidelines for Granting Permission for Establishment of Foreign Commercial Offices in Bangladesh, Providing Recommendations of Visas and Issuing Work Permits to Foreign Workers, 2023’. The said amended Guidelines has been posted on the web (https://www.bida.gov.bd/storage/app/media/pdf/Guideline2023.pdf) to ensure conversance and execution by all concerned stakeholders.
03. Please bring the instructions of this circular letter including contents of the Guidelines to
the notice of all concerned.
Yours Faithfully,
(Husne Ara Shikha)
Director (FEID)
Phone: +88-02-9530144
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“BIDA has amended/updated the ‘Guidelines 2011’ and accordingly issued Notification No: 03.219.344.00.00.1142.2019-849 as of May 29, 2023”
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