In a major move to boost domestic and foreign investment, cut red tape, and streamline administrative processes, the Government of Bangladesh has officially enacted the Invest Bangladesh Act, 2026.
Passed by the National Parliament on July 16, 2026, and subsequently approved by the President, the legislation came into force nationwide on August 20 via a special government gazette notification.
A Unified Platform for Investors
The milestone law repeals four major acts:
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The Bangladesh Investment Development Authority Act, 2016
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The Bangladesh Economic Zones Act, 2010
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The Public Private Partnership Act, 2015
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The One Stop Service Act, 2018
Consequently, three major bodies—the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), and Public Private Partnership Authority (PPPA)—have been dissolved. Their administrative assets, liabilities, contracts, legal proceedings, and staff have been merged under a single unified body: the Invest Bangladesh Authority (IBA), which now stands as the nation’s premier investment coordination agency.
High-Level Governance
The newly established authority will operate under the leadership of a high-powered Governing Board:
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Chairperson: Prime Minister of Bangladesh.
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Board Members: Ministers of Finance, Industry, Commerce, Foreign Affairs, Power and Energy, Land, and Law; the Governor of Bangladesh Bank; the Principal Secretary to the Prime Minister; and four private-sector representatives (including two women).
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Executive Leadership: Daily executive operations and administrative activities will be managed by a Chairman and seven designated members.
By unifying investor services under “one roof,” the authority aims to deliver fast-track decision-making, single-window clearances, and modern integrated support to create a seamlessly competitive environment for global and domestic businesses.
