Your Global Partner in Expanding to Bangladesh Quickly and Efficiently
Expanding to Bangladesh is now easier than ever
- Full Name: People’s Republic of Bangladesh
- Population: 166,340,956 (2018)
- Capital: Dhaka
- Primary Language: Bengali
- Main Religion: Islam
- Monetary Unit: Bangladeshi Taki
- GNI Per Capita: USD $4,570
- Major Exports: Textiles, ready-made garments, leather goods, pharmaceuticals, shipbuilding, steel, ceramics, cement, food processing, electronics
- Internet Domain: .bd
- International Dialing Code: +880
Why Invest in Bangladesh
Bangladesh represents one of the most promising emerging markets in Asia. The country has experienced rapid economic growth during the last several years and is expected to continue this upward trend. Part of what leads to this success is the country’s strategic location by some of the largest markets in the world. Its capital is conveniently located near neighboring countries and trade partners and is the largest economic center of Eastern South Asia. Bangladesh also has several preferential trade agreements with neighboring countries and is a member of the World Trade Organization. It also provides duty-free exports to the European Union, making it more affordable to trade.
Bangladesh has demonstrated its openness to foreign investment through the implementation of many favorable systems, including the simplified import of raw materials and machinery, permitting foreign investment in most sectors and providing tax holidays and exemptions. The process to set up a business in Bangladesh has been simplified and there is no minimum capital requirement. Additionally, 100 economic zones are expected to populate the country within the next 15 years.
Bangladesh’s population is steadily increasing. It is considered the fifth most populous country in Asia and the eighth largest in the world. This provides a large consumer market for foreign and local businesses. The workforce is young and skilled. The median age in Bangladesh is 26. At the same time, labor costs are low, making it a prime location for manufacturing.