Problems relating to Trade and Investment on Bangladesh

8. Investment recipient organization
Issue	Issue details	Requests	Reference

(1) Delayed, Nebulous Procedures for BOI Licences and Permits

- Actions move but at snail's pace at Bangladesh Ministries and Agencies on licences and permits at trade / BOI (Board of Investment), foreign investment and foreign representative's offices of trading firms. In certain cases, government employees demand payment of speed money. Absence of proper disclosure system at National Board of Revenue (NBR) has been source of various problems in regard to payment of property tax and other taxes for overseas representative offices of trade firms.

- Negligence at BOI is at its extreme. It requires a fundamental reform.

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