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The Bangladesh Economic Zones Authority (Beza) will introduce four more services to the one-stop service (OSS) centre for investors today as the government looks to ramp up its efforts to lure in investors.
“This will remove all hassle for investors in completing their official processes for investment,” said Beza Executive Chairman Paban Chowdhury.
He is hoping the centre would provide faster services and remove red tape complexities. “Investors will not need to meet any official of my office physically.”
By June 30 next year investors will get 125 services under 27 categories from the OSS centre, but from today they would get 15 services in total, he said.
Entrepreneurs investing in the economic zones will get all types of trade and investment services from various government agencies within 45 working days of their application, according to the OSS rules.
Framed under the One-Stop Service Act 2018 the rules make it compulsory for 25 investment facilitating agencies and regulatory authorities to give registration, issue clearance, permits and other documents within 45 days.
The potential investors would get approvals for various utility services like power, gas, water and telephone from the proposed centre.
Under the OSS rule, businesses will get gas and electricity connection in seven days and 14 days respectively.
The highest amount of time will be needed for security clearance for visa for foreign investors and workers in the economic zones. The special branch of police will get 45 days to submit report on security clearance, according to the rule. The rule says investors will get investment registration in seven days and investment clearance in 20 days.
The Office of the Registrar of Joint Stock Companies and Firms will have to give name clearance in a single day and issue certificate of incorporation in a week.
source-DS
