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Bangladesh
Bangladesh Culture and Economy
Bangladesh is a South Asian country marked by its beautiful natural resources. The Meghna and Jamuna rivers provide fertile plains while the Sundarban mangrove forest on the eastern side is a critical part of its ecology and also, home to the Royal Bengal tiger. The country is ethnically homogeneous with Bengalis making up 98% of its population. Islam is the main religion, accounting for 87% of the population, with Hindus and Buddhists as significant minorities. Generally, the country is identified by the folk tradition of the Bengali culture.
In 2018, Bangladesh’s per-capita income was $4,561 (PPP) and $1,754 (nominal), making it one of the poorest countries in the world. Agriculture is the main economic activity, and the increase in irrigation networks have enhanced the production of rice, maize, and jute as the main cash crops. The manufacturing industry, specifically the ready-made garment industry, has grown by double digits, providing employment to many citizens. The country’s apparel exports in 2009 stood at 2.66 billion, overtaking neighboring India at 2.27 billion.
| 2021 | |
| March 17 | Sheikh Mujibur Rahman’s birthday |
| March 26 | Independence Day |
| April 14 | Bengali New Year |
| May 1 | May Day |
| May 13 | Eid ul-Fitr |
| May 14 | Eid ul-Fitr Holiday |
| May 15 | Eid ul-Fitr Holiday |
| May 26 | Buddha Purnima/Vesak |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha Day 2 |
| July 22 | Eid al-Adha Day 3 |
| August 15 | National Mourning Day |
| August 19 | Ashura |
| October 19 | Eid e-Milad-un Nabi |
| December 16 | Victory Day |
| December 25 | Christmas Day |
- Limited Liability
- Corporation
- Partnership
- Corporate Tax: 35%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 25%
- VAT/GST/Sales Tax: 15%
- Islami Somaz Bank Limited (Commercial Bank)
- Al-Arafah Islami Bank Limited (Commercial Bank)
- EXIM Bank Limited (Commercial Bank)
- First Security Islami Bank Limited (Commercial Bank)
- ICB Islamic Bank Limited (Commercial Bank)
- Islami Bank Bangladesh Limited (Commercial Bank)
- Shahjalal Islami Bank Limited (Commercial Bank)
- Social Islami Bank Limited (Commercial Bank)
- Union Bank Limited (Commercial Bank)
- United Commercial Bank Limited (Commercial Bank)
- NRB Commercial Bank Limited (Commercial Bank)
- Sonali Bank Ltd. (State Bank)
- Agrani Bank Ltd. (State Bank)
- Rupali Bank Ltd. (State Bank)
- Bangladesh Krishi Bank (State Bank)
- Bangladesh Development Bank Limited. (State Bank)
- BASIC Bank Limited (State Bank)
- Bank Al-Falah Limited (Foreign Bank)
- Citibank N.A (Foreign Bank)
- Commercial Bank of Ceylon PLC (Foreign Bank)
- Habib Bank Limited (Foreign Bank)
- National Bank of Pakistan (Foreign Bank)
- Standard Chartered Bank (Foreign Bank)
- State Bank of India (Foreign Bank)
- Punjab National Bank (Foreign Bank)
- Woori Bank (Foreign Bank)
- HSBC (Foreign Bank)
- AB Bank Limited (Private Bank)
- Bangladesh Commerce Bank Limited (Private Bank)
- Bank Asia Limited (Private Bank)
- Bengal Bank Limited (Private Bank)
- BRAC Bank Limited (Private Bank)
- City Bank Limited (Private Bank)
- Dhaka Bank Limited (Private Bank)
- Dutch-Bangla Bank Limited (Private Bank)
- Eastern Bank Limited (Private Bank)
- IFIC Bank Limited (Private Bank)
- Jamuna Bank Limited (Private Bank)
- Meghna Bank Limited (Private Bank)
- Mercantile Bank Limited (Private Bank)
- Midland Bank (Private Bank)
Aadmi can support you with your expansion to Bangladesh. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
