EIPP PCP (Project Concept Paper) 2025–26 Format Guide
The PCP (Project Concept Paper) is the concept paper submitted to participate in the EIPP (Economic and Industrial Partnership Program). The 2025–26 format has strengthened the economic viability analysis and Environmental and Social Impact Assessment (ESIA) requirements compared to previous versions, and is provided in a bilingual Korean–English format to make completion easier for Korean companies.
PCP approval is a prerequisite for applying EIPP incentives. The average approval rate from 2022 to 2024 was 65%, with the 35% rejection rate attributable to inadequate economic analysis, unrealistic employment plans, and missing ESIA sections. This guide systematically lays out item-by-item writing strategies to improve approval rates.
Section-by-Section Writing Guide for All 8 Sections
The PCP consists of 8 sections, and accurately fulfilling the core requirements of each section significantly increases the probability of approval. In particular, the "Economic Viability Analysis (20%)" and "Employment Effect (15%)" sections carry the highest review weight, so expert review is strongly recommended.
| Section | Item | Length | Key Points | Review Weight |
|---|---|---|---|---|
| 1 | Business Overview | 1 page | Project name, location, sector, investment scale | 10% |
| 2 | Company Profile | 1 page | Financial status, overseas expansion experience | 10% |
| 3 | Business Plan | 2 pages | Products/services, market analysis, competitiveness | 15% |
| 4 | Investment Plan | 2 pages | Phased investment, financing sources, timeline | 15% |
| 5 | Economic Viability Analysis | 2 pages | IRR, NPV, sensitivity analysis | 20% |
| 6 | Employment Effect | 1 page | Direct/indirect jobs, local hire ratio | 15% |
| 7 | ESIA Summary | 2 pages | Environmental impact, social impact, mitigation measures | 10% |
| 8 | Risk Management | 1 page | Risk identification, response strategies | 5% |
Economic Viability Analysis Standards (Review Weight: 20%)
The economic viability analysis must calculate IRR (Internal Rate of Return), NPV (Net Present Value), and payback period based on a 10-year project horizon. A discount rate of 12% (Bangladesh government bond yield) is applied, and sensitivity analysis must include exchange rate fluctuation scenarios of ±15% and revenue variation scenarios of ±20%.
4 Most Common Rejection Causes
Analysis of the approximately 35% rejection rate among PCPs submitted from 2022 to 2024 reveals four recurring patterns. Inadequate economic analysis accounts for 42% and ranks first — these are errors that can mostly be resolved with a prior KOTRA pre-review.
PCP Submission and Review Process
| Incentive | Conditions | Benefit Content | Application Period | Notes |
|---|---|---|---|---|
| Corporate Tax Exemption | Export ratio 80%+ | 10-year exemption + 2-year 50% reduction | From commercial production start date | For EPZ tenant companies |
| Import Duty Exemption | Production equipment and raw materials | Capital goods and components fully exempt | During operating period | Localization plan required |
| Land Lease | Mirsarai BEZA | Long-term lease (50-year, renewable) | From contract date | $0.4–0.8/m²/month |
| Foreign Professionals | Technology transfer included | Visa-free work permit | During operating period | Local training mandatory |
| Remittance Guarantee | Investment principal and profits | 100% free remittance | Immediate | Exempt from foreign exchange controls |
Final Checklist Before PCP Submission
| Check Item | Standard | Verification Method | Action if Not Met |
|---|---|---|---|
| IRR | 12% or above | All 3 sensitivity scenarios | Re-examine revenue and cost structure |
| NPV | Positive | 12% discount rate, 10-year basis | Consider reducing investment scale |
| Local Employment | 80% or more | Local hire ratio specified by job category | Revise recruitment plan to be realistic |
| ESIA | Environmental and social impacts included | Mitigation measures and monitoring plan | Abbreviated form acceptable, but must be included |
| Financing Plan | Equity 30%+ | Source and procurement schedule specified | Detail financial procurement plan |
| Korean–English Bilingual | All sections | Professional translation recommended | Verify accuracy of technical terminology |
| Signature and Seal | Legal representative | English signature included | Notarization not required (current standard) |
| KOTRA Pre-Review | Recommended | Submit 2 weeks in advance | Contact Dhaka Trade Center officer |