Bangladesh

The ISO code of Bangladesh is BD according to the ISO 3166 standard. The local name of the country is the same as its English name. Bangladesh capital city is Dhaka. People in Bangladesh speak the Bengali language. On 26 March 1971, Bangladesh emerged as a sovereign political entity. In the year 03/26/1971, Bangladesh emerged as a sovereign political entity. The largest cities in Bangladesh are Dhaka, Chittagong, Khulna, Rajshahi.

Bangladesh is located in the UTC +06:00 time zone, which is also called Bangladesh Time or BST. The internet country code top-level domain (ccTLD) for Bangladesh is .bd. Other domains assigned to Bangladesh are .বাংলা, .asia. The International dialing code for Bangladesh is 880. People in Bangladesh drive on the left side of the road. Total land area of Bangladesh is 143,998 km² (approx. 55,598 mi²). Bangladesh is not a landlocked country. It means that is is bordered by at least one major body of water.

Bangladesh is located in Asia. Bangladesh is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Bangladesh faces various issues, including water pollution, mass poverty.

Doing business in Bangladesh

We offer various corporate services in Bangladesh jurisdiction. These services can serve both, people coming from Bangladesh and foreigners. If you plan on doing business in Bangladesh you might be interested in contacting us.

To find out about starting your business in Bangladesh click on company formation in Bangladesh.

To find out how to open a bank account in Bangladesh and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Bangladesh.

Choose preferred service below or continue reading to find out more about Bangladesh.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Bangladesh

The total population of Bangladesh is 166,368,149 people. In Bangladesh, the population density is 1033.5 people per square kilometer (2,689 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is almost uniform according to a fractionalization scale which for Bangladesh is 0.0454. Bangladesh has approximately 1422805 foreign immigrants. The median age is approximately 24.3 years. In Bangladesh, 6.3 in every 100 people use internet. Bangladesh has a Human Development Index (HDI) of 0.558.

The majority religion of Bangladesh is Islam, Bangladesh is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Bangladesh.

Culture of Bangladesh

People in Bangladesh speak the Bengali language. According to data on inbound tourists in Bangladesh, 148,000 tourists arrive in the country each year. One of the most popular national dishes of Bangladesh is rice. To read more click on culture of Bangladesh.

Geography of Bangladesh

Bangladesh is considered to be a large nation because of its total area. Its total land area is 143,998 km² (approx. 55,598 mi²). Bangladesh is located in Asia. Its capital city is Dhaka. Bangladesh has 2 neighbouring countries. Its neighbours include Myanmar, and India. Total length of land borders of Bangladesh is 4413 kilometers (~1,704 miles).

The highest point of Bangladesh is Mowdok Mual, with its official height being 1052 m (3,452 ft). Including land mass and EEZ, the total area of Bangladesh is approximately 230,390 km² (~88,954 mi²). The most notable natural resources found in Bangladesh are natural gas, arable land, timber, coal.To read more click on geography of Bangladesh.

Economy of Bangladesh

The currency of the country is Bangladeshi taka. The symbol used for this currency is ৳, and it is abbreviated as BDT. 4.6% of population in the country are unemployed. The total number of unemployed people in Bangladesh is 7,652,935. Each year, Bangladesh exports around $26.91 billion and imports roughly $32.94 billion. The Gini Index of the country is 32.1. Bangladesh has a Human Development Index (HDI) of 0.558.The Global Peace Index (GPI) for Bangladesh is 1.997. Bangladesh has a government debt of 29.9% of the country's Gross Domestic Product (GDP), as assessed in 2012. Bangladesh is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are jute, cotton, garments, paper, leather, fertilizer, iron and steel, cement, petroleum products, tobacco, pharmaceuticals, ceramics, tea, salt, sugar, edible oils, soap and detergent, fabricated metal products, electricity, natural gas.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Bangladesh is $572 billion. Each year, consumers spend around $73,339 million. The ratio of consumer spending to GDP in Bangladesh is 36%, and the ratio of consumer spending to the world consumer market is 0.2114. The corporate tax in Bangladesh is set at 27.5%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Bangladesh is 15%. In 2013, Bangladesh received 2152 million USD in foreign aid.In 2014, the foreign aid amounted to 1490 USD.To read more click on economy of Bangladesh.

Infrastructure of Bangladesh

Infrastructure quality in Bangladesh is rated to be at 2.11. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.

In Bangladesh, 59.6% of the population has access to electricity. There are 71,164 internet hosts in Bangladesh. Bangladesh has 18 airports nationwide.

The logistics performance index of Bangladesh is 2.56. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 2.45. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.

The number of road motor vehicles per 1000 inhabitants in Bangladesh is 469. To read more click on infrastructure of Bangladesh.

Politics of Bangladesh

Bangladesh, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Bangladesh is 2. Citizens in Bangladesh experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Bangladesh, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Abdul Hamid.

According to the World Bank Group, the government effectiveness index of Bangladesh is -0.77. This indicates that the government of Bangladesh is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Bangladesh, the legislative power is vested in a Jatiyo Sangshad. The Global Peace Index (GPI) for Bangladesh is 1.997. The strength of legal rights index for Bangladesh is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Bangladesh received 2152 million USD in foreign aid. In 2014, the foreign aid amounted to 1490 USD. Bangladesh is a member of the United Nations (UN). On 17 September 1974, it joined the UN as a full member state. Bangladesh is a member of the World Bank. To read more click on politics of Bangladesh.

Environment of Bangladesh

Bangladesh emits 0.4 metric tons per capita of CO₂. 8710 km² of Bangladesh's territory is covered in forests. and forest land comprises 6% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Bangladesh is 469. To read more click on environment of Bangladesh.

Company formation in Bangladesh

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Bangladesh.

When establishing a company in Bangladesh, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Bangladesh that will affect the establishment and growth of one's business. Contact us or click on company formation in Bangladesh to read additional information when setting up a business.

Bank account opening in Bangladesh

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Bangladesh. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Bangladesh, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Bangladesh or contact us.