Guide to Setup Bangladesh Business
Human Resource Immigration
Bangladesh Industry Digital Plan
Corporate Compliance Requirement
Finances and Grants
Reach Your Highest Goal By Starting A Beverage Business With NetworkBD
Starting a beverage business in Bangladesh is not so easy but NetworkBD makes it very simple. If you have an interest in starting a beverage business feel free to contact us today.
Bangladesh’s beverage market is currently quite competitive. Bangladesh has a hot climate, which causes individuals to be thirstier. As a result, they favor soft drinks the majority of the time. In the first half of 1980, beverages dominated the Bangladeshi market. There were only two or three soft drinks on the market at the time. However, there are numerous beverages available in the market today. Some of them are well-known, while others are not. Bangladesh’s soft drinks industry, like that of other emerging and developed countries, is growing in popularity. The number of businesses working in this industry is growing. In addition, the market is expanding in size.
Foreign investors interested in starting a business in Bangladesh should consider the food and beverage industry, particularly the beverage industry, which offers numerous government incentives. Do you want to start a beverage company but aren’t sure where to begin? Allow us to assist you! There are a few things you should know about starting a beverage business in Bangladesh. From the technicalities to the nitty-gritty details of what to expect, we’ve got you covered.
How Shine Beverage Industry Prospects in Bangladesh?
Bangladesh’s beverage market is currently very competitive. Bangladesh has a hot climate, which causes people to be thirstier. As a result, they prefer soft drinks the majority of the time. In the first half of 1980, beverages dominated the Bangladeshi market. There were only two or three soft drinks on the market at the time. However, there are numerous beverages available in the market today. Some of them are well-known, while others are not. Bangladesh’s soft drinks industry, like that of other developing and developed countries, is growing in popularity. The number of businesses operating in this industry is growing. In addition, the market is expanding in size.
Soft drinks are consumed in large quantities by the majority of people in both urban and rural areas today. Many global brands are now competing with local brands to capture this market. Even when global brands (Coca Cola, Pepsi) are present, local brands (Mojo and Pran) are much more successful. Our soft drink industry employs some cutting-edge, effective, and ever-improving production and marketing techniques. Our people prefer low-cost soft drinks over high-quality soft drinks, despite the fact that quality is not their primary concern. On the basis of lower costs, local businesses compete with global brands. They are capturing the urban markets with a unique marketing strategy and offer.
They have a strong distribution strategy and price effectiveness in rural areas. Our local brands are more aware of our people’s psychology than global brands. As a result, they are performing much better in this area. Furthermore, local brands employ a technology-based production plant that focuses on mass production and order-to-stock operations. The success of these firms operating in this industry is also linked to skilled and lower-paid manpower, as well as innovative marketing projects.
We Help You On Getting BSTI Certificate With A Legal Process
Bangladesh Standards and Testing Institution (BSTI) is a government-run organization in Bangladesh that issues certificates and licenses for products that meet certain standards. The BSTI test is used to assess the overall quality of beverage products.
Under the BSTI Act 2018, the BSTI can also penalize any entity associated with listed food products if they have not followed the proper procedure and have not obtained the proper license. BSTI has its own inspectors to ensure that the standard mark provided by the BSTI is not being misused in terms of product quality. BSTI is also in charge of any trade marks that are being used illegally. Furthermore, in the event of any illegal activity as defined by the BSTI, the mobile courts will have the authority to punish through fines, imprisonment, material seizure, or establishment closure.
We Ensure Beverage Business Registration Process Within A Short Time
In Bangladesh, establishing a beverage plant necessitates the completion of a number of steps. A company must first be registered with the RJSC, and then general licenses such as the TIN, VAT, and Trade License must be obtained. The next step is to apply for and receive a factory license from DIFE.
First, the factory license must be obtained, followed by the approval of the building layout plans. Aside from the CCI&E’s Import Registration, a separate import license called a ‘Beverage Import License’ is required. Because it is an export-oriented industry, exporting beverages outside of Bangladesh necessitates an Export Registration Certificate. Other licenses are required, such as an Environment Clearance Certificate, a Fire License, and a Trade Mark. Furthermore, Mark Certification (CM License) will be required by BSTI. As a leading corporate law firm in Bangladesh, NetworkBD can undoubtedly assist its clients in establishing a business in this sector. The firm’s experienced company lawyers provide comprehensive legal services to their clients. Drafting a Memorandum of Agreement and a Letter of Intent for the proposed company; drafting Forms IX and XII, completing registration and obtaining TIN and VAT registration certificates IRC and ERC, Trade License, Work Permit, Factory License, ECC, Fire License, Trade Mark, CM License, and so on.
Why NetworkBD Is Your First Choice For Beverage Business?
Starting a business in a foreign country is an unfamiliar experience, and the road ahead may be bumpy. This is where Network BD’s specialists can help you with starting a beverage business in Bangladesh. If you require any assistance or services, please get in touch today.
FAQs For Starting a Beverage Business
What should I do first?
RC Cola International can assist you in taking the first steps toward launching a beverage company by guiding you through each step of the process, including market research, securing funding, developing a detailed business plan, and becoming a legal corporation.
What's the best way to get your product to market?
Beverage items can be sold directly to consumers or through an intermediary such as a wholesaler, retailer, or other third party. The capital expenditure required for direct distribution is frequently too expensive for new enterprises. Depending only on distributors or wholesalers, on the other hand, implies giving up a lot of control over your brand. The ideal method is generally a combination of the two.
How should I go about looking for funding?
Before starting a business, make sure you have enough cash to last at least six to nine months on a modest salary. Conduct research to determine how much money you’ll need to pay basic expenses like as employee salaries, initial investments in machinery, facilities, and cars, and administrative or legal charges. Personal funds and credit cards, friends and family, angel investors, crowdsourcing platforms, bank loans, venture capitalists, and equipment loan financing are all possible sources of finance.