If you want to expand in Bangladesh, you have come to the right place or office space. Here, we have a list of things you might need while expanding and the possible challenges you might face. We also discuss how you may solve those problems and can achieve potential growth.
Keep in mind that, problems, solutions, and requirements will be different for each type of business, surely a garments factory and a software building company will have different approaches in expanding; with differences in choices and needs.
We are covering some of the most common factors of open workspace/ office space renting in Bangladesh.
Key points Discussed here:
When renting open workspace or office space, there are several key requirements you need to consider to ensure you select the right location for your business:
Space and Layout: Ensure that the workspace has sufficient space to accommodate all your employees comfortably. The layout should also allow for a smooth workflow and room for expansion if needed. Open floor plans are popular for promoting communication and collaboration.
Location: The office should be in a location that’s convenient for both your employees and your clients. Consider proximity to public transportation, availability of parking, and the overall safety of the area.
Lease Terms: Be clear about the lease terms. Understand the duration of the lease, the cost, what is included in the cost (utilities, internet, etc.), and what happens if you need to break the lease early.
Amenities: Look for necessary amenities such as a kitchen or break room, restrooms, conference rooms, and proper heating and air conditioning. Extras like on-site gym facilities or a cafe can also be attractive.
Tech Infrastructure: Check the availability of necessary technological infrastructure, such as high-speed internet, phone lines, and any necessary equipment for video conferencing or other business operations.
Accessibility: The workspace should be accessible 24/7, especially if you or your team tends to work outside typical business hours. Additionally, consider the building’s compliance with disability access laws.
Noise Level: Noise can greatly affect productivity, so consider the noise level in and around the office space. An open workspace in a busy location might not be suitable for a business requiring quiet for concentration.
Security: The building should have proper security measures in place, such as surveillance cameras, security personnel, and secure entrances.
Maintenance and Cleanliness: Ensure that the property is well-maintained, clean, and free from pests. Understand who will be responsible for maintenance and cleaning, and what your responsibilities will be.
Legal Requirements: Depending on your business, you might have certain legal requirements for your office space. For instance, certain businesses must meet specific zoning laws, licenses, or permits.
By taking all of these factors into account, you can select an open workspace or office space that meets your needs and supports the success of your business.
There are a few problems you might face while locating and renting a good property with desired facilities.
Therefore, it is suggested that you hire a good workspace/office space consultancy service provider, such as E-commerce BD. We have helped many companies globally establish their offices in Bangladesh with no hassle. We can help you too!
There the problems that you might face:
As stated before, the best option for you is to hire an expert Open Office Space Renting Consultancy Service Provider In Bangladesh in order to tackle 90% of your problems.
Here is the list of possible solutions to the problems:
Office space expansion in Bangladesh presents exciting opportunities for businesses looking to grow and establish a presence in this vibrant market. With a favorable business environment, a growing economy, and a skilled workforce, Bangladesh offers potential for various business types to thrive. However, it’s important for businesses to conduct thorough market research, understand local regulations, and make informed decisions based on their specific needs and goals. Whether you are a local startup, a multinational corporation, or a service-oriented business, expanding your office space in Bangladesh requires careful planning, adaptability, and a solid understanding of the local business landscape.
Q1: What factors should I consider when expanding my office space in Bangladesh?
When expanding your office space in Bangladesh, consider factors such as location, infrastructure, accessibility, rental costs, market demand, availability of skilled talent, and proximity to key suppliers or clients. Additionally, familiarize yourself with local regulations, tax requirements, and legal procedures related to leasing or purchasing commercial properties.
Q2: Are there any restrictions on foreign businesses expanding their office space in Bangladesh?
Bangladesh welcomes foreign investment and has taken measures to facilitate business expansion. However, there may be certain restrictions and regulations that foreign businesses need to comply with. It’s advisable to consult with legal experts or local authorities to ensure compliance with foreign investment policies, company registration procedures, and any sector-specific regulations.
Q3: How can I find suitable office spaces in Bangladesh?
To find suitable office spaces in Bangladesh, you can consider engaging local real estate agents, property listing websites, or business service providers who specialize in assisting companies with office space expansions. These resources can help you identify available properties, negotiate lease agreements, and navigate the local real estate market.