9.2 Land Ownership Laws for Foreigners

Foreigners face restrictions when purchasing land in Bangladesh but can buy residential properties through a locally incorporated company. They can invest in apartments, condominiums, and commercial buildings but are generally prohibited from acquiring agricultural land. Transactions must be completed in foreign currency, and foreign investors must comply with local tax regulations. The Transfer of Property Act of 1882 and the Foreign Private Investment Act of 1980 govern property ownership. Due diligence, legal consultation, and government approvals are essential steps for foreign investors. Forming joint ventures with local entities is another common strategy to navigate ownership restrictions and ensure compliance with national regulations.