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Editorial

Legal 500 Doing Business in Bangladesh

Contributed by FM Associates

Doing Business in Bangladesh Graphic

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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Overview

With a growth rate of 7.1%, Bangladesh is currently the fastest growing major economy. Although ongoing political unrest hampered investment and export activity throughout 2015, Bangladesh is gradually becoming a popular destination for foreign and local investors alike, a trend which has increased demand for transactional and regulatory advice in a global context from across the legal market. The agricultural, pharmaceutical and energy sectors saw significant activity throughout 2016, and efforts have been made to develop the jurisdiction’s growing IT sector. This time period also saw a significant number of major financings, PPP projects and disputes across multifarious sectors.

Full-service firms with strong domestic and international practices include A.S & Associates, The Law Counsel and Mahbub & Company.

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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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    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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