Tax Incentives and Investment Conditions
2.6 Startup Sandbox (1/2)
What is a startup?
Startup means a company who works towards deployment or commercialisation
of new products, process or service driven by innovation, development and
technology or intellectual property.
Conditions to be classified as a
startup
Ineligibility conditions
面
Annual turnover not exceeding Taka 100 crore in any
financial year
Incorporated under Companies Act, 1994 and
registered with NBR
Not a resulting company of a scheme of amalgamation
or demerger
Not a subsidiary of another company holding fifty
percent or more of its shares
☑ Incorporated prior to first day of July 2017
Incorporated between first day of July 2017 and thirtieth
X day of June 2022 and fails to get registration by the
thirtieth day of June 2023; or
X
Incorporated on or after first day of July 2022 and fails
to get registration under this section by thirtieth June of
every year following the year of its incorporation
KPMG
© 2023 Rahman Rahman Huq and KPMG Advisory Services Limited are entities registered in Bangladesh, and member firms of the KPMG global organisation of independent member
firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Bangladesh.
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