Entrepreneurs should seek services of all sorts and make full use of the convenience offered by Bangladesh Investment Development Authority's (Bida) One Stop Service (OSS) to reduce the hassle they face in doing business, suggested Bida Executive Chairman Md Sirazul Islam yesterday.

He emphasised on going digital and its significance in making business and investment processes easier and faster in Bangladesh.

However, Islam mentioned that most of the services availed from the OSS were that of Bida's and not other agencies, according to a statement from the Metropolitan Chamber of Commerce and Industry (MCCI).

He was addressing a seminar on the OSS at the MCCI's Gulshan office.

MCCI President Md Saiful Islam highlighted the need for trade and environmental related licences to be of a validity of three years to five years.

This will enhance the ease of doing business. Currently the licences come with a one-year validity period, which hampered the ease of doing business, he said.

He also proposed outsourcing services of regulatory inspectors to ensure the overall quality and speed of inspections.

The OSS services can be availed remotely, including making payments. Currently, the OSS offers 58 services of 19 organisations and agencies, the statement said.

Bida introduced the OSS in 2018 in order to provide essential services in connection with investment facilitation.

The OSS focuses on several regulatory, compliance, and value-added services through a single window. It aims to ultimately become the point of contact between the government and investors for investment related services, it added.

The MCCI president appreciated Bida's initiative to bring everything under one umbrella. He believed Bida would enable achieving the desired momentum and earn confidence of the local and foreign investors.