One Stop Service
‘One stop services’ (OSS) is one of the services employed around the globe to facilitate investment. It is enables domestic as well as international investors to submit regulatory documents at a single location and/or to a single entity, which in turn facilitates the investor in obtaining necessary clearances.
The initiative to enact a law to attract foreign investments was taken by the Bangladesh Economic Zones Authority (BEZA) first at its second board meeting on February 28, 2015. On July 27, 2016, the fourth BEZA board meeting decided to enact the law for creating a smooth investment atmosphere in the country and based on this background Government of Bangladesh passed the One-stop Service Act 2018. This act will ensure delivery of all services from a single point to the investors. A total of 31 services have been identified which will be provided from an automated OSS portal. OSS services are as follows;
- Import Permit
- Export Permit
- Local sale and purchase permit
- Project Clarence
- NoC for Bank Loan
- VISA recommendation
- Work Permit
- Sale Permit
- Manufacturing Permit
- Building plan approval
- Utility Connection
- Name Clearance
- Certificate of Incorporation/ Registration
- TIN Certificate
- VAT Registration
- Environment Clearance
- 19. License for Service Providers
- Fire Safety Clearance
- Factory registration with DIFE
- Boiler Registration
- Captive Power Plant (Permission from DOE)
- Customs Clearance
- Sub Contract Permit
- NOC for Off Shore Banking License
- Permission for installation of WTP, ETP
- Permission for installation of Generator
- Remittance Clearance
- Request for Utility Connection
- Renewal of Boiler Registration
Benefits of a one stop shop
- Reduction of time to register a business and obtain a licence and permit
- Reduction of business registration and licensing/permitting costs
- Increased transparency in the business registration and licensing/permitting process (reduction of corruption)
- Increased service quality