The Ministry of Commerce and Invest Bangladesh are jointly working on a reform initiative to expedite the business startup process. The goal is to reduce the time required to obtain necessary licenses, clearances, and approvals to just 14 days. Currently, it takes an average of 355 days for a company to complete these procedures after initial registration.
Economy
Government aims to reduce business startup time to 14 days
The commerce ministry and Invest Bangladesh are collaborating to streamline the business startup process to 14 days using a single ID.
Source: TBS Bangladesh