Bangladesh offers both citizenships by investment and residency by investment. A visa must be applied for before the individual enters Bangladesh. The type of visa requirement depends on the purpose of the individual’s entry into Bangladesh. These are issued by the Bangladesh Investment Development Authority (BIDA).
An investor in existing/new/under construction/upcoming industrial/commercial entity in the private sector under joint venture or 100% foreign owned company wants to go to Bangladesh for the purpose of investment/management of established business/commercial organization, they are eligible to apply for this category visa.
An investor visa may be issued for a maximum of one (1) year with single, double, or multiple entries. Duration of stay in this category is as required.
Extension up to five (5) years could be obtained from the Department of Immigration and Passport (DIP)in Bangladesh.
Investment options: This amount is non-repatriable.
Citizenship by Naturalization:
Naturalization is at the discretion of the Bangladesh government and may be provided categorically or by withholding certain rights and privileges. However, generally, those meeting the following requirements may apply for naturalization:
Those who naturalize as Bangladeshi citizens must give up any other nationalities or citizenships. After the naturalized alien has taken the oath, the spouse and children may apply for naturalization.
Benefits: Residency by Investment
Benefits: Citizenship by Investment
Following documents are needed to send/ submit to get a visa from the Embassy of Bangladesh:
1. Apply online
2. Make the payment.
3. Submit all documents to the High Commission.
The Embassy will send a processing certificate for renunciation of Bangladesh Nationality within 7 working days if all the requirements (serial numbers 1- 6 on the above) are fulfilled by the applicant. The certificate will send in a self-addressed envelope to the applicant.
To get the final renunciation certificate, approval from the Ministry of Home Affairs, Dhaka, Bangladesh is required and it takes around 06 (six) months to 02 (two) years.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Bangladesh, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
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No. Dual citizenship is not allowed in Bangladesh. Exception: The government of Bangladesh reserves the right to recognize dual citizenship in certain cases.
It takes 5 years of residency to obtain citizenship in the country.
It has a validity of 1 year with an extension of up to 5 years.
BIDA is the apex investment promotion agency of Bangladesh and was formed in 2016 under the BIDA Act, 2016 to promote and facilitate local and foreign private sector investment.
Residents are taxed on worldwide income. However, foreign nationals, though resident for tax purposes are generally taxed only on income earned from working in Bangladesh and on foreign income received from Bangladesh sources.
Non-residents are taxed only on income received, accrued, or deemed to accrue or be received in Bangladesh. Consequently, their income accruing outside Bangladesh, not in connection to Bangladesh, is not taxable in Bangladesh.