Destination BD

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The New-East Technology Destination

We know who we are and where we come from. Now we invite you to take a look deeper into the opportunities Bangladesh has to offer in the ICT industry. Just graduating to a middle income country, but a high -class ICT destination.

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These successful innovators can guide you

Robotics, blockchain, IOT are driving forces of a changing worldwide economy. Do you want to see how students are thought serverless and cloud computing by alumni of the largest companies like Amazon, Adobe, Google and IBM? Look no further and see the spin offs that operate now from Bangladesh in the areas below.

Need guidance? see our advisors who can guide you.

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World Class Universities Drive Knowledge

With an outflow of over 1 million students annually from universities like BUET, BRAC, Dhaka University, education stands at a high ground, and students from many countries come to do their masters and research led by fellows from Europe. Tap into the best supply.

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Easy steps to form your own ICT hub

Bangladesh has made foreign investment and the development of backoffices quick, safe and financially attractive. With 80 Tax-free EPZs in and around the country, government investment initiatives and a red-carpet welcome by Bangladesh bureau of foreign investment (BIDA), small to large scale backoffices in many areas can be formed quickly.

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Infrastructure for Business & Investment

The Government is implementing several mega projects to establish an integrated and uninterrupted communication network in the country. To capture manufacturing investors from home and abroad, the Government has taken an initiative to establish 100 special economic zones and 39 IT parks in various parts of the country, many of these are already operational or under construction. These economic zones and IT parks will play an effective role in improving the employment and quality of life of people in every region of the country. Various programs and projects are being implemented all around the country, focusing on helping people and businesses take advantage of the marvels of the fourth industrial revolution. 39 hi-tech parks and incubation centers, Sheikh Rasel Digital Labs in colleges and madrasas, Schools of future, Sheikh Hasina Institute of Frontier Technologies (SHIFT), Center of Excellence (CoE), “Future of Work” Lab facilities, 4IR-based 50 pilot projects, curriculums prepared for 50 4IR professions, etc. are among the notable 4IR initiatives.

Bangladesh has made foreign investment and development attractive. Some of the instruments that are available to ICT development are:


  • 10% cashback on IT export-orientated revenue
  • No foreign equity limit on shareholding
  • 50% tax discount for foreign employees for first 3 years
  • Duty free import for fixed capital and assets
  • 20-100% tax discount for 10 years from start of operations in hi-tech parks
  • 100% repatriation facilities for profit and capital
  • 100% VAT exemption on IT/ITeS office rents
  • 80% VAT exemption on utilities in hi-tech parks
  • Partially and fully subsidized customized training programs for technical and managerial skills
  • No tax on profits till 2024 outside hi-tech parks

Download the research paper: "Bangladesh Value Proposition."
More information about the Ease of Doing Business can be obtained with BIDA.
The High Commission of Bangladesh in London has laid out an excellent framework about investing in Bangladesh


Growth and opportunities

Bangladesh has developed the ICT sector with the vision of achieving the goal of Digital Bangladesh. The government could bring around 95% of the landmass and 99% of the population under mobile coverage till now. Currently Bangladesh has around 120 million Internet subscribers all around the country. Bangladesh to be the 10th largest internet using country by 2020 according to Groupe Speciale Mobile Association (GSMA).


64% of the population is between 18-35 and government is trying its best to capitalization of this demographic advantage. As a result, Bangladesh now produces 22.000 IT Graduates every year. Total number of professionals in IT sector is more than 300.000 and the numbers are increasing in a high rate. IT industry in Bangladesh is comprised of more than 4500 firms along with nearly 50 Offshore Development Center & Joint Ventures. The local market size of the industry is around $1.9 billion. More than 400 companies are exporting IT & ITES related products in 80+ countries around the globe that has contributed to $1 billion value of software export only in 2018. In the last six years, export grew at a CAGR of 25%. By aligning the Mission 5 billion concept of Govt. the projected growth of the total industry would be 5 billion by 2025.


Currently Bangladesh is the 2nd Largest and 7th Most popular Outsourcing destination in the world with an average of around 200,000 outsourcing jobs annually.

Government has been investing a huge amount for the development of IT industry in Bangladesh. For example, we are building 7 Software Technology Parks (STPS), 16 Hi-Tech Parks, a Tier 4 Data Center that will cost $194.6 million, 10 IT Training and Incubation Centers, and 500 BPO Centers around the country to facilitate the growth of the sector. Government is also working on building an Electronic City in Sylhet and a Silicon City in Rajshahi.

The Hi-Tech Parks will come with a lot of opportunities for foreign investors duty some policies like 12 years tax exemption for developers, 100% profit repatriation for investors, 3 years Income Tax exemption for foreign experts.


Further Consultation & Next steps

Are you ready to explore this exciting new ICT destination with us? We have experts in any area ready for you to guide and consult you. Industry leaders from App development to Zend framework experts. The team of this mission, the Bangladesh embassy in the Hague, and governmental institutes like LICT, BIDA, A2E and a number of private institutions can consult and guide you in realising your next steps. Follow our page for constant updates by subscribing to the newsletter.


See some ICT areas in which Bangladesh excels


Exploring the opportunities in the New- East tech hub is a journey we gladly take together. The tentative planning is globally scheduled as follows:

 

  • Preparation phase: Q4 2021
  • External communication: Q1 2022
  • participant selection: Q2 2022
  • Virtual sessions: Q2 2022
  • Trademission: Q3 2022
  • Continuation: Q4 2022
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    With an expert team of industry specialists we are ready to assist you to explore and guide you in your ict ambitions in any area.

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