The Bangladesh government has given policy approval to offer cash incentives to non-resident Bangladeshis (NRBs) who help attract foreign direct investment (FDI) into the country. The decision was made at a meeting of the Bangladesh Investment Development Authority (BIDA) governing board held at the Chief Adviser’s Office in Tejgaon, chaired by Chief Adviser Professor Muhammad Yunus. According to BIDA Executive Chairman Chowdhury Ashiq Mahmud Bin Harun, NRBs who facilitate equity investment in Bangladesh will receive a 1.25 percent cash incentive on the investment amount.

He explained that the initiative aims to use the global networks of expatriate Bangladeshis to promote the country as an investment destination. The proposal will be sent to the Ministry of Finance for final approval before implementation. BIDA also announced plans to open overseas offices, starting in China, followed by South Korea and a European Union country, to attract more investment.

Additionally, the government approved a roadmap to merge six investment-related agencies under a single structure called the “Single Umbrella” framework to improve coordination and decision-making. Legal and structural implementation will proceed under the next government.