Startups! You probably come across this word everywhere, whether on television, in newspapers, or on the Internet. Thanks to the power of globalisation, the air of startup culture has reached Bangladesh as well.
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Three problems for doing business in Bangladesh The New Nation By
INEFFICIENT government bureaucracy, corruption and limited access to finance were the main three problems for doing business in Bangladesh last year. According to the 2020 Global Competitiveness and Bangladesh Business Environment report, inefficient bureaucracy is the biggest trouble for trade and commerce as 72 per cent businessmen surveyed in major cities believe.
Besides, Bangladesh is also lagging behind in competitiveness due to various other obstacles, such as, infrastructural deficiencies, high rate tax and shortage of skilled manpower and experts. The survey report further shows that access to finance has increasingly become a major concern for businesses, particularly for Small and Medium Enterprises (SMEs).
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