Ideation and Research:

• Begin by brainstorming business ideas. Consider your interests, skills, and market demand.
• Research the local market to understand consumer needs, competition, and trends.

Business Plan and Strategy:

• Develop a solid business plan. Outline your business goals, target audience, marketing strategy, and financial projections.
• Seek advice from management accounting specialists or third-party consulting organizations to create a comprehensive plan.

Company Name and Registration:

• Choose a unique company name. Ensure it complies with the guidelines set by the Joint Stock Companies and Firms.
• Register your business with the relevant authorities. Prepare necessary documents and submit them for approval.

Legal Requirements:

• Obtain a trade license from the local authority.
• Apply for a Business Identification Number (BIN) and Tax Identification Number (TIN).
• Rent an office space in a non-residential location.
• Prepare a blueprint and map for factory setup permission if applicable.

Capital and Funding:

• Consider your investment strategy. Determine how much capital you need to start and operate your business.
• Explore funding options such as personal savings, loans, grants, or investments from family and friends.

Adhesive Stamps and Documentation:

• Purchase adhesive stamps from the Treasury for the memorandum and articles of association.
• Attach the adhesive stamp (worth BDT 500) to the memorandum of association.
• Obtain special adhesive stamps for payment receipts to the Bangladesh Bank.

Additional Considerations for Foreign Investors:

• If you’re a foreign investor, follow specific guidelines for starting a business in Bangladesh:
• Register a private limited company as a foreigner.
• Register a branch office or project office.
• Consider franchise agreements if applicable