Business Organizations: The establishment of a business operation in Bangladesh is governed by the Companies Act of 1912. Foreign businesses typically operate through formation of public and private corporations. Corporations of either type may be of limited or unlimited liability. However, business entities may also take the form of sole proprietorships, partnerships, or incorporated or unincorporated associations. The government has made an effort to increase the attractiveness of joint ventures. The Board of Investment requires no prior approval for foreign investment in a joint venture project if the project is valued at less than Tk 300 million, and the investment is not in sectors the government has listed as "discouraged".
Exporting: Agents and Distributors: The main channel for selling goods in Bangladesh is through a local agent, i.e., an agent, wholesaler or distributor.