Land ownership title changes for foreign investors in 7 days
Land mutation or ownership title changes will be carried out in seven working days for important industries, limited companies, export-oriented industries and companies in Dhaka, Chattogram, Narayanganj and Gazipur.
A land ministry circular issued yesterday said the additional deputy commissioner (ADC) (revenue) concerned, being the focal point in this regard, would closely monitor the delivery of this service.
Besides, the ADC (revenue) will submit reports to the Ministry of Land, Bangladesh Investment Development Authority (BIDA) and chief coordinator for Sustainable Development Goals (SDG) regarding the matter every month.
The development is part of the government’s attempt at increasing trade, commerce, industrialisation and foreign investment.
Bangladesh aims to substantially move up the World Bank’s “Ease of Doing Business” index to increase local and foreign investment for rapid economic development.
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