PRESS
RELEASE

Approval of royalty payments, technical assistance fees and outward remittances has become significantly easier, faster and more transparent through BIDA’s One Stop Service (OSS) portal. With this important investor service now fully online, processing time has been cut by 83%, while workflow efficiency has increased nearly sixfold — a meaningful step forward for Bangladesh’s investment climate and for foreign investors operating in the country.

The royalty service was fully launched online in January 2026. Before digitisation, processing these applications typically took between one and a half to two months. That timeline has now fallen to just 7 to 10 working days. Investors can currently apply through the bidaquickserv.org portal, and the service’s digitalization and improved turnaround enabled BIDA OSS to approve four royalty payment applications in April alone.

Previously, foreign companies were required to submit nearly 500 pages of supporting documents manually. Verification of documents, preparation of summaries, internal noting, review and final approval often took two months. BIDA’s OSS portal now allows structured digital highlighting and data input, making verification and decision-making faster and more streamlined. Investors can also track their applications online, improving transparency throughout the process. Payment of service fees is now fully online through the same platform.

Ashik Chowdhury, Executive Chairman of BIDA, said: “We have closed another important gap. For an investment-friendly environment, investor services must be delivered on time, through clear and orderly documentation processes. By fully digitising the royalty service, BIDA has not only increased speed, but also made the verification process more structured and more robust. Investors will now receive a more reliable, transparent and effective service.”

Technical assistance for the royalty payment simplification initiative on the BIDA OSS platform was provided under UNDP Bangladesh’s Transformative Economic Policy Programme (TEPP), with Business Automation Ltd. serving as the implementation partner. Work is ongoing to make the service even more user-friendly.

The BIDA OSS portal currently brings together more than 142 investment services from 47 agencies in one place, including 40 services delivered by BIDA.

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