The PI Visa Recommendation for Commercial Foreign Investors facilitates their engagement in Bangladesh. Endorsed by the Bangladesh Investment Development Authority (BIDA), this visa streamlines entry, encouraging investment and business activities. It reflects Bangladesh’s commitment to welcoming global investors and fostering economic growth. The legal framework supporting this process includes the BIDA Act 2016, BIDA Guideline 2023, and the VISA Policy 2006, ensuring a robust and transparent system for foreign investment.
Issuing authority
Authority: Bangladesh Investment Development Authority (BIDA)
Address: E-6/B, Sher-e-Bangla Nagar, Agargaon, Dhaka 1207, Bangladesh
Email: service@bida.gov.bd
Required list of all documents
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- Memorandum and Articles of Association and certificate of incorporation of the company [Duly signed by share-holders]
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- Board resolution for engaging the foreign national(s) in Bangladesh mentioning Name, nationality and passport Number
- Photograph of the Investor
- Copy of Passport of the Investor (Whole of the used part, each of the pages chronologically).
- Specific activity of the company [In company letterhead]
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- Statement of manpower showing list of local or expatriate personnel employed with designation and salary break-up, Nationality and date first appointment [Latest copy]
- Encashment Certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for locally incorporated joint venture and 100% foreign ownership companies.
- Up-to-date Income tax clearance certificate (Organization)
- Attachment of company’s comments as per remarks (if any)
[All documents shall have to be attested by the Chairman/ CEO/ Managing Director/ Country Manager/ Chief Executive of the Company/ firms]
Step by step all documents
Step 1: Collect Information from BIDA Office Website: The first step for the applicant is to collect information from the BIDA office website. This involves thoroughly reviewing the available resources and understanding the requirements and procedures outlined by BIDA.
Step 2 Fill up information through Online: The applicant needs to sign up for an online account on the BIDA website. Once the account is created, the applicant fills out the required information online as specified by BIDA. This involves providing detailed and accurate information and uploading the necessary documents for review.
Step 3 Approval letter: If all the submitted documents are satisfactory, BIDA will issue an online approval letter & tracking number. This indicates that the application has been reviewed and meets the necessary criteria. The applicant then obtains the approval, completing the process. This approval is essential for proceeding with the intended activities that required BIDA’s authorization.
Fee schedule
No fee
Official time limit
24 working hours
Actual time limit
Depends on both the parties (Issuance Authorities and Client)