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“Entrepreneurs are increasingly forming new businesses and making the investment as they hope that things will return to normalcy in the coming months,” said Md Harun Or Rashid, deputy registrar of the Chittagong Office.

Md Rakibul Islam, assistant registrar of the Rajshahi office, said agro-based industries and trading firms in the division usually took registration from the office.

“The rise in registration is a positive sign. This is particularly important when the pandemic has created uncertainty in the economy,” said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue.

“The new firms will play a key role in creating new jobs and entrepreneurs.”

The industrial economist said new firm registration posted higher growth in the FY20, and the trend continued in the just-concluded fiscal year.

Registration of new companies rose 24.32 per cent in 2018-19.

The RJSC earned Tk 217 crore in the last fiscal year in the form of non-tax revenues, stamp duties and value-added tax, up 19.23 per cent from a year ago.