From startups to scale-ups, NetworkBD provides a variety of Bangladesh startup business consulting services to assist tech founders in growing their businesses and innovating meaningfully: solving real-world challenges for real people. We collaborate with hundreds of companies across the country to convert ground-breaking ideas into global-impacting goods and services.

Bangladesh is a potential market in and of itself. Bangladesh also has a lot of potential as a labor-intensive manufacturing base. When asked to name the most appealing features of Bangladesh, both the corporate and public sectors cite low-cost labor as the most important consideration. Bangladesh, in addition to its enormous population and low-cost labor, has significant natural resource reserves, particularly natural gas.

Bangladesh is a democratic country that is moderate, secular and liberal, with enormous potential. It has a global reputation for poverty alleviation, primary school enrollment, women’s empowerment, family planning, newborn, under-five, and maternal mortality rate reductions, as well as the reduction of infectious diseases and child immunization rates.

Bangladesh is transitioning from a primarily agrarian economy to an industrial and service-based economy. The private sector is becoming increasingly involved in the country’s economic life, while the state sector focuses on physical and social infrastructure. Bangladesh’s objectives are lofty and the country’s energy, agriculture, transportation and environmental sectors abound with potential for the best domestic and foreign businesses. Join  us for Bangladesh startup advisory services.

1. Supporting Government

Bangladesh’s government has taken a number of efforts to help the country become a startup-friendly environment. The government developed appealing business policies, including favorable tax regimes and assistance programs, to enable new pilot enterprises to get off to a successful start. Aside from that, Bangladesh is noted for its highly skilled workforce, fair legal system and simple business rules. More entrepreneurs, both locals and foreigners, prefer Bangladesh to launch their businesses since they don’t have to comply with onerous legislation and have such strong government assistance. Bangladesh startup area increasing day by day.

Bangladesh’s excellent educational levels have improved the nation’s human capital quality over time. Bangladesh offers a large pool of competent and knowledgeable workers, which makes the hiring process considerably easier for businesses. Bangladesh startups benefit from a valuable staff combined with a low cost of hiring because they do not have to invest a lot of money at the start.

Bangladesh continues to foster an effective atmosphere for businesses to develop, despite being dubbed the world’s freest economy. Their efforts to make startup resources widely accessible are an example of how they achieve this. Many investors, business mentors, service suppliers and other business catalysts are available in Bangladesh to assist expanding businesses. Countless businesses have surely benefited from this healthy, productive environment. In 2017, the country established Bangladesh startup to foster collaboration and cooperation within the startup community, as well as to assist newcomers in expanding their contacts in the community.

So, if you’re still debating whether or not you should launch your business in Bangladesh, the answer is yes.

Obtaining name authorization for the proposed company name is the first step in founding a Bangladesh corporation. To obtain a name clearance, go to www.roc.gov.bd, create a username, and then submit an application. You will receive a bank payment slip after submitting an application for name clearance, with which you must deposit Tk. 600 at an authorized bank. Following payment, the name clearance can be received from the RJSC website. For Bangladesh startups everything will be easy by us.

If the proposed company has a foreign shareholding, this stage is solely applicable.

Any scheduled bank in Bangladesh will need to open a bank account in the proposed company’s name. Money equal to the shares to be owned by foreign shareholders from outside of Bangladesh must be remitted into the account after it is opened. The Bank will provide an Encashment Certificate, which the RJSC will need in order to incorporate.

The final step is to fill out the RJSC’s website with all of the essential information. Following submission, you will receive a bank payment slip to pay the registration costs and stamp duty.

The Bangladesh startup for the registration process is completed once the payment has been made in the bank. In order to receive the Certificate of Incorporation, RJSC must be followed up on a regular basis. Officials from the RJSC will examine the documents and information. They will issue the Certificate of Incorporation if they are satisfied.

Your idea, no matter how excellent or promising you to believe it is, will remain just that: an idea. Now is a better moment than ever to begin your entrepreneurial career. It will undoubtedly be a difficult path to travel, but if done correctly, it will be rewarding. The business world is harsh, not only in Bangladesh but throughout the world, which is why it is critical to conduct extensive research and understand the market before jumping in. So, on your way to becoming a successful company in Bangladesh, remember to buckle up and stay strong in the face of adversity! Contact us today to know more about the Bangladesh startup process.