To address the constraints of business registration as identified by various studies, SEDF is working with the Office of the Registrar of Joint Stock Companies and Firms in Bangladesh to implement an automation project which will reduce the time and difficulty to register a business. Another project, carried out in collaboration with the Bangladesh Enterprise Institute (BEI), also focused on the registration process.
The BEI-SEDF SME Advisory Services project assisted potential SMEs to meet statutory requirements and developed an Entrepreneurs Guide to Regulatory Processes. BEE interventions have resulted in a reduction in the time required for company registration from 30 to 16 days.
Another initiative that cuts across various SEDF program areas is the Value Added Tax (VAT) Policy project. This study of the Bangladesh VAT Policy focused on the agro-based sector and developed recommendations to improve the competitiveness of the sector.
SEDF has entered into a partnership with the
Foreign Investment Advisory Service (FIAS) to collaborate in improving the investment climate in the region. FIAS is a joint facility of the International Finance Corporation (IFC) and the World Bank.
The BEE program plans to increase the scale and number of interventions in the regulatory and policy areas as well as increasing its activities in Nepal and Bhutan. BEE projects and activities work to create a macro conducive regulatory environment for businesses in this region.