The PI Visa Recommendation underlines Bangladesh’s openness to foreign investors and industrial workers. Managed by BIDA, this process facilitates entry by providing endorsements that align with industrial development goals, encouraging international participation while ensuring regulatory compliance and contributing to economic progress. The legal basis for this process is grounded in several key documents: the BIDA Act 2016, the BIDA Guideline 2023, and the VISA Policy 2006. These documents collectively establish the framework for the issuance of PI Visa Recommendations, ensuring that the process is transparent, efficient, and supportive of the country’s industrial and economic objectives.
Issuing authority
Authority: Bangladesh Investment Development Authority (BIDA)
Address: E-6/B, Sher-e-Bangla Nagar, Agargon Dhaka 1207, Bangladesh
Email: service@bida.gov.bd
Required list of all documents
- BIDA registration number/Branch/ Liaison/ Representative office permission number or others number [Attach the full set of permission copy]
- The Memorandum and Articles of Association of the Company duly signed by shareholders. [Original copy]
- Board resolution for engaging the foreign national(s)
- Certificate of incorporation
- Photograph of the Expatriate/Investor
- Passport (Full set) of the Expatriate (Whole of the used part). [Original copy]
- Specific Activity of the company
- Statement of manpower showing lost of local and expatriate personnel employed with designation, salary break-up, Nationalist and date of first appointment
- Encashment Certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for locally incorporated joint venture and 100% foreign ownership companies.
- Attachment of company’s comments as per remarks [If any]
- Attachment of company’s comments as per remarks (BIDA end issues) [If any]
Noted:
[1. All documents shall have to be attested by the Chairman/ CEO/ Managing Director/ Country Manager/ Chief Executive of the Company/ firms
2. Documents must be submitted by the authorized person of the organization including the letter of authorization]
Step by step all process
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
3 working days
Actual time limit
Depends on both the parties (Issuance Authorities and Client)