Software Technology Parks (STPs) are a key initiative of the Bangladesh Hi-Tech Park Authority (BHTPA) to foster the growth of the information technology (IT) sector in the country. These specialized zones cater to the needs of IT companies by offering a compelling package of benefits.
Key Benefits:
- Tax incentives: STP companies enjoy income tax exemption on profits for up to 10 years, tax-free import of machinery and equipment, and reduced VAT on certain services.
- World-class infrastructure: STPs are equipped with high-speed internet connectivity, reliable power supply, and modern office facilities.
- Skilled workforce: The BHTPA works with universities and training institutions to develop a skilled IT workforce to meet the needs of STP companies.
- One-stop service: STPs provide a one-stop service for all regulatory approvals and clearances required by IT companies.
With several operational STPs spread across the country, from bustling metropolitan hubs to strategic regional locations, Bangladesh has positioned itself as a prime destination for IT companies seeking a supportive and dynamic environment to flourish.
