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Legal 500 Doing Business in Bangladesh

Contributed by FM Associates

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FM Associates – at a glance

FMA is a well-reputed full-service law firm, situated in the commercial hub of Dhaka, the capital city of Bangladesh, which presents an appropriate mix of the necessary legal expertise, industry specialisation and commercial acumen.

This firm's strength is its team of experienced and trained lawyers who treasure the value of diligence and knowledge, as well as creativity and innovation, in addressing their client's needs. FMA aims to offer to its clients legal advice that meets the clients' needs and expectations, and in this it has been hugely successful, as is evidenced by the firm's ratings by various international journals.

At FM Consulting International (FMCI), a team of lawyers, chartered accountants, cost and management accountants, and business consultants, which has a proven record of accomplishment, provide excellent services and practical guidance that will support clients in accomplishing their corporate objectives. The Dhaka office was set up in the year 2007 and the firm expanded to Chittagong in 2015.

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The increase in foreign investment has led to an important shift in work for lawyers in Bangladesh; previously, only a few local firms had experience in working with overseas clients but deals of an international nature are now more the norm. Furthermore, instructions are moving more towards corporate law and away from traditional litigation. The Bangladesh market has recently experienced a rise in infrastructure and power projects work, and other growth sectors include telecoms and technology.

In a notable recent development, the parliament passed the controversial Foreign Donations (Voluntary Activities) Regulation Act in 2016, which subjects all non-governmental organisations to extensive supervision by the NGO Affairs Bureau, a government body. The law applies restrictions to funds brought from abroad and has drawn criticism from international human rights organisations and local activists for allegedly limiting freedom of expression.

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Legal Developments in Bangladesh

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  • Bangladesh-The New Business Hub of Asia!

    Ferdausur Rahman, Barrister (Lincoln's Inn) and Partner, A.S & Associates highlights the business opportunities in thefast growing economy of Bangladesh.Bangladesh is a booming economy, recently making the list of low-middle income countries as per the World Bank.According to the IMF, the Bangladeshi economy is projected to grow from $180 billion to $322 billion by 2021. The rate ofGDP in 2015 was $195.1 Billion and the gradually escalating growth rate was 6.6%. High-growth domestic markets,government support, lower valuations of takeover targets and ready access to capital have provided unprecedentedopportunities for investors all across the world to explore new market in Bangladesh. Bangladesh is already one of theleading FDI targets in the Asia Pacific.
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  • Acceptance of trademark applications in classes 42-45

    As from 1 July 2005 the Bahraini Trade Mark Office will accept applications for services that fall into classes 42 to 45 in accordance with the Eighth Edition of the Nice Classification of Goods and Services.

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