FDI, Inbound Investment, and Permits

FDI, Inbound Investment, and Permits: TRW Law Firm’s Expertise

Foreign Direct Investment (FDI) plays a pivotal role in economic growth and industrial diversification. As Bangladesh attracts investors from around the world, TRW Law Firm has positioned itself as a premier partner for facilitating and navigating the complex processes of inbound investments and business setups. Our dedicated team combines expertise, experience, and efficiency to provide seamless services in setting up businesses, securing permits, and ensuring compliance with local regulations.

This article explores TRW’s comprehensive services and achievements in FDI, inbound investment, and permitting, demonstrating our commitment to fostering a favorable investment climate in Bangladesh.

Setting Up Businesses in Bangladesh

TRW Law Firm offers end-to-end services for setting up businesses, including incorporation, branch or liaison office registrations, and compliance management. Our team provides tailored advice based on the client’s business nature, goals, and legal requirements, making the firm a one-stop solution for investors.

Branch and Liaison Offices

• Successfully assisted BIG W in amending its business activity registration with BIDA to expand its scope.
• Supported a leading German solar panel manufacturer in incorporating a subsidiary in Bangladesh to capitalize on the country’s growing renewable energy market.
• Managed the setup of liaison offices for companies like NEPC-1 and NEPC-3 for power and bridge construction projects.
• Facilitated the establishment of branch offices for Chinese firms such as the First Engineering Bureau of Henan Water Conservancy for dam construction and engineering.

Commercial and Industrial Setups

• Incorporated Ralph Lauren Sourcing Ltd, the local subsidiary of the US-based Ralph Lauren Corporation, enabling the company’s expansion in Bangladesh.
• Assisted TBEA Co., Ltd., a Chinese manufacturer of power transformers, in setting up a business and conducting land due diligence.
• Supported the establishment of agro-business ventures, including the formation of One Person Companies (OPCs) in compliance with local laws.

Investment-Related Legal Due Diligence

Legal due diligence ensures risk mitigation and informed decision-making for investors. TRW conducts comprehensive assessments covering taxation, land acquisition, and regulatory compliance.

Key Services

1. Land and Industrial Property

• Conducted due diligence for a solar power company from Mauritius, assessing land suitability and compliance with environmental laws.
• Assisted clients like Dharti Dredging & Infrastructure Limited in evaluating the legal risks of setting up dredging businesses in Bangladesh.

1. Corporate Transactions

• Conducted due diligence on China Communications Construction Company Limited (CCCC) for its Bangladesh operations.
• Evaluated the viability of joint ventures, including the partnership between a Bangladeshi group and Venol Motor Oil GmbH.

1. Special Zones

• Conducted due diligence in Chittagong EPZ, Mongla SEZ, and other economic zones for potential investment in tobacco manufacturing and garments.
• Guided clients through the incentives and legal requirements for investment in high-tech parks like BHTPA.

Permits, Work Visas, and Compliance

Foreign investors often face challenges in obtaining permits and visas for employees. TRW ensures swift and accurate processing of applications for work permits, business visas, and permanent residency.

Notable Achievements

• Facilitated work permits and visa extensions for employees of companies like Uttara Foods & Feeds Pvt. Ltd. and Shakti Pumps (India) Ltd.
• Assisted a US investor in repatriating proceeds from a joint venture investment in the toy manufacturing sector.
• Advised on tax exemptions and compliance requirements for redeemable preference shares issued by multinational corporations.

Export Processing Zones (EPZs) and Special Economic Zones (SEZs)

Bangladesh’s EPZs and SEZs offer significant incentives for export-oriented businesses. TRW provides strategic advice and legal assistance to maximize these benefits.

Services in EPZs and SEZs

• Advised a major Japanese tobacco company on investment options in Chittagong EPZ and Mongla SEZ, including repatriation and taxation.
• Assisted a Hong Kong-based garment company in setting up operations in SEZs, including lease agreements and regulatory compliance.
• Conducted a comparative analysis of incentives available across EPZs, SEZs, and high-tech parks for Surjin Tech Co., Ltd.

One-Stop Service for Business Setup

The One Stop Service Act allows investors to obtain permissions for utilities, trade licenses, and other services through a centralized system. TRW simplifies this process by liaising with authorities and ensuring that all requirements are met efficiently.

Key Services

• Streamlined utility connections and permits for businesses setting up in EPZs and SEZs.
• Managed land acquisition and lease negotiations for industrial projects, including legal due diligence and contract drafting.

Investment Opportunities in Emerging Sectors

Bangladesh’s growing economy offers lucrative opportunities in emerging sectors such as IT, renewable energy, and infrastructure. TRW actively supports clients in exploring and investing in these areas.

Notable Projects

• Assisted a Russian and Lithuanian IT company in setting up operations in Bangladesh, leveraging local incentives for the tech industry.
• Advised a US-based outsourcing firm in Texas on establishing a 100% foreign-owned subsidiary in Bangladesh.
• Supported a Chinese firm in setting up a joint venture for LPG terminal development in Chittagong.

Practice Guide: Investment

TRW Law Firm’s expertise extends across all aspects of inbound investment, offering unparalleled support for international clients.

1. Investment Transactions

• Structuring joint ventures and equity investments.
• Drafting and negotiating share purchase agreements and other transaction documents.

2. Regulatory Compliance

• Securing permits for trade licenses, tax exemptions, and environmental compliance.
• Advising on FOREX regulations for profit repatriation and cross-border transactions.

3. Due Diligence

• Conducting thorough checks on land, corporate, and tax records to minimize risks.

4. Special Zones

• Providing strategic advice on the benefits and requirements of EPZs, SEZs, and high-tech parks.

5. Work Permits and Visas

• Assisting with immigration formalities, including business visas, work permits, and permanent residency.

Notable Projects and Clients

Conclusion

TRW Law Firm stands at the forefront of FDI facilitation and inbound investment advisory in Bangladesh. From navigating complex regulatory landscapes to providing tailored business solutions, TRW is committed to ensuring seamless and successful investments for its clients. With an unparalleled track record and deep expertise, TRW is the trusted legal partner for businesses aiming to thrive in Bangladesh’s dynamic market.