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Buss Com Assignment1 Shaon 2231258
Buss Com Assignment1 Shaon 2231258
Submitted By:
Name: Shaon Chandra Saha
ID: 2231258
Submitted To:
Faizul Latif Chowdhury
Abstract
This report has been prepared about cost of doing business in Bangladesh. This
report provides so much information & data about business in Bangladesh and how
costly it is. This report focuses on the major challenges of doing business in
Bangladesh. Given idea of business opportunities & ease of doing business in
Bangladesh, political system of Bangladesh, and the benefits of starting a business
in Bangladesh. In this report, we get an idea about the cost of registering a
company in Bangladesh. This report identifies sectors that are prohibited from
private and foreign investment and government assistance for foreign-owned
businesses.
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Table of Content
1. Introduction:
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The cost of doing business is the highest in South Asia. Bangladesh is an emerging
economy in South Asia. Today, Bangladesh has become one of the attractive
destinations for foreign investors. Due to its cost-competitive business and low
labor cost, foreign companies eagerly expand their businesses in Bangladesh. The
geographic location of Bangladesh is ideal for global trade. The international air
and maritime connections are quite easily accessible from there. Bangladesh is
blessed with natural gas, water, and productive soil.
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II. Unskilled workforce: A company’s greatest strength is its workforce. This is
why a skilled workforce is an asset for a company. In Bangladesh, most
workers’ or laborer’s skills are not up to the mark. Employees with 3-4 years
of experience in the corporate world will struggle with rudimentary Excel
tasks, Microsoft word, PowerPoint, SPSS and English language.
III. Payment delays from corporate clients: When a business is dealing with a
corporate client, especially a large one, it is not unusual even in other
countries for payments to take time to be cleared. However, in Bangladesh,
most corporate clients have taken the art of delaying vendor payments. This
is one of the big problems in Bangladesh.
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2.2 Business Opportunities & Ease of Doing Business in Bangladesh: The
geographic location of Bangladesh is ideal for global trade. It has very convenient
access to international air and sea routes. Bangladesh is blessed with abundant
natural gas, water, and fertile soil. Some potential business opportunities to start a
business in Bangladesh are given below:
Electronics
Foreign foods
Garment and textiles
ICT and business services
Agribusiness
Ceramics
Leather goods
Bangladesh has been ranked 176th out of 190 economies in the Doing Business
2019 report. “Ease of Doing Business” score has improved slightly from 41.06 to
41.97 in 2019. A comparative table is given below:
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Protecting minority investors 76 89
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establishing a business in Bangladesh are numerous. Low labor expenses are one
of the major advantages. Additional advantages include the following:
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2.6 Costs to Incorporate a Company in Bangladesh: The cost of registering a
company in Bangladesh is $3990 a year approximately. This price includes costs
for things like drafting legal documents, registering the business, establishing the
company's legal address, and paying the necessary taxes and fees.
2.7 Restrictions of Private sector & Foreign Investors for Doing Business:
Different business companies can be established, owned, and operated by foreign
investors in Bangladesh. Some sectors, nevertheless, are expressly off-limits to
government investment. Private sector & foreign investments are prohibited for
certain sectors including:
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3. Findings of this report:
There are so many challenges that exist for private & foreign investors in
starting and maintaining a business in Bangladesh, Like- Short-termism
mentality among vendors, Unskilled workforce, Payment issues, Corruption
etc.
However, the geographic location of Bangladesh is ideal for global trade. It
has very convenient access to international air and sea routes. Bangladesh is
blessed with abundant natural gas, water, and fertile soil.
Bangladesh has been ranked 176th out of 190 economies in the Doing
Business 2019 report for “Ease of Doing Business”.
There are so many advantages to doing business in Bangladesh. Such as
Low labor costs, a rapidly growing economy, strategic location etc.
Needs lots of legal requirements for company registration in Bangladesh.
In this report, we get an idea about the cost of registering a company in
Bangladesh.
Arms and ammunition and other defense equipment and machinery, Forest
plantation & mechanized extraction, Production of nuclear energy, Security
printing. These sectors are prohibited from private and foreign investment
and government assistance for foreign-owned businesses.
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available here though the geographic location of Bangladesh is ideal for global
trade. It has very convenient access to international air and sea routes. Lastly, I can
say that there are lots of opportunities available here along with so many risks and
it’s costly.
List of References:
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