Business Desk :
Commerce Minister Tipu Munshi on Monday said they are working with the Local Government Ministry to speed up the introduction of trade license for the industry so that e-commerce businesses could access finance as well as other opportunities.
The minister said this when Chairperson of Business Initiative Leading Development (BUILD) Abul Kasem Khan paid a courtesy call on him at his ministry, said a press release.
Mentioning e-commerce should be automatically recognised as enterprises, the minister also added that the high-potential sector is not getting promoted as expected since they need trade license.
“We’ll work to reduce the current minimum paid-up capital to 0.5 million from 2.5 million for the one-person company in the Companies Act (2nd Amendment) Bill, 2020 to allow more small businesses to take part in registration, thus enabling their formalisation,” the minister also added.
