No fee for starting companies with capital below Tk 50,000
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.
Finance Minister AHM Mustafa Kamal said this while unveiling his maiden budget for the fiscal year 2019-20 in the parliament this (Thursday) afternoon.
“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.