Bangladesh: Operating a Business

Setting Up a Company

Limited liability company or LLC: Number of partners: Minimum 2 partners.
Capital (max/min): No minimum required.
Shareholders and liability: For limited liability companies, the liability of shareholders is limited to the amount of capital subscribed by them or held on their behalf. For unlimited companies, shareholder liability is not limited.
Public limited company or PLC: Number of partners: Minimum 7 partners (with 3 directors).
Capital (max/min): No minimum required.
Shareholders and liability: For limited liability companies, the liability of shareholders is limited to the amount of capital subscribed by them or held on their behalf. For unlimited companies, shareholder liability is not limited.
Business establishment (a branch or subsidiary of a foreign company): Number of partners: 1 person.
Capital (max/min): No minimum required.
Shareholders and liability: An establishment is not a legal entity separate from the parent company abroad and therefore has no limited liability of its own.

The Competent Organisation: Registrar of Joint Stock Companies and Firms, Board of Investment

Setting Up a Company	Bangladesh	South Asia
Procedures (number)	9.0	7.1
Time (days)	19.5	14.6

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Bangladesh.

	2018	2019	2020
Labour Force	68,844,397	70,160,182	67,225,702

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

For Further Statistics: Bureau of Statistics
For Further Information About the Labour Market: Bangladesh Institute of Labor Studies

Legal Weekly Duration: No worker can work more than 48 hours per week or 10 hours per day.
Retirement Age: 59 years
Working Contracts: An employer must normally provide employees with a written statement of terms and conditions of employment within two months of starting employment. Contracts can also be verbal.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: According to the Ministry of Labor and Employment of Bangladesh's minimum wage board the gross average monthly wage varies depending on the sector.
Average Wage: The gross average monthly wage is BDT 13,258 according to latest data available from the Bureau of Statistics of Bangladesh.
Social Contributions: Social Security Contributions Paid By Employers: There is no social security system in Bangladesh. However, companies of a certain size must contribute up to 5% of their profits to a fund (Workers Profit Participation Fund).
Social Security Contributions Paid By Employees: None

Social Dialogue and Involvement of Social Partners: Freedom of association and the right to organize are guaranteed by the Constitution, but in practice the laws are not respected. Companies often discourage workers from forming unions and union members are subject to intimidation and violence. In special export zones, the right of association and protection of workers is limited. Industrial relations are often tense, especially in the textile sector, which saw the creation of more than 100 new unions in 2013.
Labour Unions: Bangladesh Garment and Industrial Workers Federation (BGIWF)
Bangladesh Trade Union Kendra
Bangladesh Labour Federation
Bangladesh Free Trade Union Congress (BFTUC)
Jatio Sramik Federation
Unionisation Rate: Bangladesh has 2.5m of trade union members (roughly 4.4% of the workforce).
Labour Regulation Bodies: Ministry of Labour and Employment

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