8 Feb 2018
BANGLADESH: Single Window Investment Clearance Service Now Officially Adopted
The Bangladeshi parliament has formally adopted the Single Window System (SWS) for foreign investment applications, which will become available within six months and enable prospective investors to secure investment-related services at one official access point instead of liaising with as many as 15 different departments.
SWS services will include trade licences; project clearance certificates; import and export permits; no objection certificates for overseas loans; VAT registration; local sale and purchase services; visa and work permit assistance; land registration; construction permits; company name registration; environmental clearance; as well as the provision of electricity, gas, water, telephone and internet connections. The SWS also comes with a guarantee to complete investment applications within an agreed timeframe, with concerned officials held accountable for any service delay.