In the realm of fiscal policy, tax incentives play a pivotal role in shaping economic landscapes, stimulating investments, and fostering growth. Bangladesh, in alignment with global practices, employs a strategic framework of tax exemptions and holidays outlined in the Income Tax Act-2023. Understanding the nuances of these incentives not only benefits individual taxpayers but also […]
Bangladesh, over the past five decades, has emerged as a significant player on the global stage, with trade in Bangladesh contributing a remarkable 34% to the country’s GDP in 2022. This impressive economic growth is not only a testament to the importance of foreign trade in Bangladesh but also underscores the role of modern trade […]
Bangladesh, once dubbed the “basket case” of South Asia, has surged into a prime investment destination, enticing global giants like Unilever and Honda. Why? A booming young population (average age 24), coupled with a rapidly expanding middle class (projected to reach 48 million by 2030), creates a vibrant consumer market. Bangladesh boasts one of the […]
Bangladesh, traditionally known for its dominance in the global apparel industry, is now witnessing the rise of a new, promising sector that is set to enhance the nation’s export diversity further – the Pharmaceutical Industry. Overview Rapid Growth Bangladesh’s pharmaceutical industry is expected to reach a market size of USD 5.11 billion by 2023, growing […]
In a landmark achievement, Bangladesh’s Readymade Garment (RMG) industry has reached a new pinnacle in global exports. Surpassing a remarkable $52 billion in total exports, the RMG sector contributed an unprecedented $42.61 billion. This historic high reflects the industry’s robust growth and increasing global influence. Furthermore, a 9.09% increase in RMG exports during the July-April […]
“Did you know that in some parts of the world, the annual tax on a luxury car can exceed the cost of an economy car?” Surprising, isn’t it? This little-known fact underscores the complex and often astonishing world of car taxation, a realm that affects every car owner. Countries known for high taxes on luxury […]
When considering the prospect of registering a company in Bangladesh, it’s essential to weigh the various political, economic, technological, and legal aspects that shape the business landscape. These factors collectively constitute the cornerstone of the business environment and significantly influence both the immediate operational framework and the long-term sustainability of any enterprise Political Context […]
Bangladesh is gradually becoming a popular industrial hub due to a variety of reasons such as its strategic location in South Asia, skilled and economical labor force, and more. The government also invites foreign investors and business owners with business-friendly measures such as intellectual property protection. Before you begin business registration in Bangladesh, you must […]
Did you know that in 2020, there were 628 companies listed on the Dhaka Stock Exchange, showcasing the dynamic landscape of public limited companies in the country? Limited Companies in Bangladesh, often private entities, operate with a smaller shareholder base and have fewer disclosure requirements, providing a degree of privacy and operational flexibility. In contrast, […]
Bangladesh, one of the world’s fastest-growing economies, has been attempting to create a reputation in the telecommunications industry in addition to its conventional expertise in garment manufacturing. According to Statista There are several factors to consider before a company registration in Bangladesh . Here we have discuss 5 most crucial factors which will ease […]