Google and Amazon had presence in Bangladesh, but not in the way you would usually think. Their services always required some parties involved in order to be used to the full extent. Now, it seems things will change a lot of the better now, right here.
The National Board of Revenue (NBR) has finally given both industrial giants their Business Identification Number (BIN). To set up operations here with their own offices right smack in Bangladesh. With the agreement of paying 15% VAT from their revenue stream. Paying it after submitting total turnovers around the end of each year.
The names they’ve registered under are Google Asia-Pacific Pte Ltd and Amazon Web Services Inc, respectively. Not even Facebook has fully set themselves up here, well enough to receive even a BIN.
What’s next for them?
With the approval given, their documentations have been submitted to PricewaterhouseCoopers for auditing. They will also serve as consultants for both of the companies. PricewaterhouseCoopers is a multi-national accounting firm based in Britain.
Seeing the registered names, it seems they’ll mostly focus on providing online related services. Could be that Google wants to increase advertisement in BD for more revenue streams for outlets. Both Google and Amazon owns the fastest cloud computing services as well as e-commerce services.
Some would be much eager for Amazon to bring their well-known shopping establishments here. Bringing fierce competition to the e-commerce shopping sector. Amazon is known for selling things not easily obtainable through normal channels. With the growing market for buying both foreign and domestic products, Amazon would be the best retail service to purchase them from.
Google’s most well known program is AdSense. That generates revenue for everything from YouTube videos, online browsing, blogs, etc. This could make things a lot easier thanks to Google being more directly present.
Though while it seems they have gone through most of the paperwork, they still need to build offices and work through the legal documentations. The latter of which will be a daunting task to complete.
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