Doing Business in Bangladesh

In addition to its more visible garment manufacturing and textile industries, Bangladesh offers opportunities in the areas of energy, power and infrastructure, with telecommunications also a growing industry.

Bangladesh's long term outlook is positive, due to favourable demographics and competitive low-cost manufacturing, and growth is projected to reach 7% by 2018. Yet it should be noted that

Bangladesh is among Asia's poorest countries, and lags behind others in the region in terms of doing business and creditworthiness. Its liberal regime has meant that direct foreign investment has risen in recent years, but limitations of infrastructure and governance, along with a shortage of skills, continue to restrict its growth.

In addition to its more visible garment manufacturing and textile industries, Bangladesh also offers opportunities in the areas of energy, power and infrastructure, with telecommunications also a growing industry.

Bangladesh's geographic position and sea ports also means there are opportunities for growth through regional integration with landlocked countries like Nepal, Bhutan and the north-eastern parts of India.

Doing Business in Bangladesh

Expand all

  • Why do business in Bangladesh?

    Bangladesh's long term outlook is positive.

    Bangladesh's long term outlook is positive, due to favourable demographics and competitive low-cost manufacturing, and growth is projected to reach 7% by 2018. Yet it should be noted that Bangladesh is among Asia's poorest countries, and lags behind others in the region in terms of doing business and creditworthiness. Its liberal regime has meant that direct foreign investment has risen in recent years, but limitations of infrastructure and governance, along with a shortage of skills, continue to restrict its growth. 

    In addition to its more visible garment manufacturing and textile industries, Bangladesh also offers opportunities in the areas of energy, power and infrastructure, with telecommunications also a growing industry.

    Bangladesh's geographic position and sea ports also means there are opportunities for growth through regional integration with landlocked countries like Nepal, Bhutan and the north-eastern parts of India.

  • Business etiquette in Bangladesh

    At meetings, 'Mr Choudhuri' is the safest form of address, and 'Sir' and 'Madam' are also acceptable. Over time, and as familiarity grows, first names may start to be used.

    Corporate gifts are widely used, and a gift from your company to the company being visited is usually appreciated. 

    Relationships are very important. It will take time to establish a mutual level of trust, so make the effort get to know your contacts and build your connections.
    Meetings will often begin with small talk, which helps locals get to know you. Expect to be invited to dine out after business hours. 
    Always use your right hand when receiving or offering items.
    Handshakes are common, however men will not offer to shake hands with a woman – she must offer her right hand to them first.
    Business cards will be required constantly – ensure you have a large stock available.
    Men should wear trousers and a shirt. A tie and jacket should be worn in more formal settings, such as attending a seminar or visiting a government office.
    Women may wear trousers and a loose blouse for business situations. For dinners or functions, casual evening dresses or long skirts are usually worn. Avoid wearing short skirts.

    Looking to develop your understanding further? Discover the Asialink Business events and training programs and set yourself up for success in the Asian markets.