BIDA Signs MoU with Four Banks and Seven City Corporations to Boost Investment

The Chronify

January 20, 2026

Agreement aims to simplify and expedite business processes in Bangladesh.

In a bid to enhance foreign and domestic investments and make business operations more efficient, the Bangladesh Investment Development Authority (BIDA) has signed a Memorandum of Understanding (MoU) with four banks and seven city corporations. The agreement aims to integrate these entities into BIDA’s One-Stop Service (OSS) portal.

The MoU signing ceremony took place at BIDA’s conference room in Agargaon, Dhaka, on January 19, 2026. The banks included in the agreement are Rupali Bank, Dhaka Bank, Bank Asia, and Bengal Commercial Bank. The seven city corporations that have joined the initiative are Rajshahi, Khulna, Mymensingh, Barisal, Comilla, Gazipur, and Narayanganj.

Ashik Chowdhury, the chief guest at the event, acknowledged that Bangladesh is still far from achieving a truly effective One-Stop Service system. He emphasized the goal of creating a system where both small entrepreneurs and large industrial groups can access all required services in one place. He pointed out that despite the collaboration, investors still need to submit the same documentation multiple times across various institutions like city corporations, BIDA, and banks.

Since its launch in 2019, BIDA’s OSS portal has been offering 142 services from 47 agencies, in accordance with the One-Stop Service Act of 2018.