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13 June, 2019 04:27:20 PM / LAST MODIFIED: 13 June, 2019 05:59:27 PM
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No fee for starting business with capital below Tk 50,000

Independent Online/ BSS
No fee for starting business with capital below Tk 50,000

Finance Minister AHM Mustafa Kamal today (Thursday) said there will be no fee for starting companies having capital of less than Taka 50,000 to facilitate rapid industrialization and employment generation in the country.

“Rapid industrialization and employment generation will be possible, if we can reduce the cost of starting business. To attain this objective, reform activities have been strengthened to improve (position) in the Ease of Doing Business Index of Bangladesh within two digits,” he said while unveiling the fiscal year 2019-20 (FY20) budget in the Jatiya Sangsad.

He said that an amendment to ‘Companies Act, 1994’ has been initiated for improvement of business environment.

“Various registration fees applicable for companies have already been significantly reduced,” he added.

The minister informed that One Stop Service (OSS) has been introduced so that the investors can get different kinds of investment related services easily and quickly.

“Provision of investment related services as One Stop in 64 districts will be monitored, and investment related services will be gradually provided to all districts through One Stop Service,” he added.

SI

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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