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Get a Free ConsultationNavigating the complex landscape of business licenses in Bangladesh can be challenging. LegalSeba LLP offers comprehensive guidance on the necessary licenses and approvals required for business operations in the country, ensuring a smooth setup for your venture.
We simplify the process into clear, manageable steps.
The initial phase involves legally establishing your company’s identity and structure in Bangladesh.
Registering your investment and securing the primary licenses to begin operations.
Obtaining specialized permits based on your business activities, such as manufacturing, import/export, or factory operations.
Final steps for bringing in foreign personnel and managing international financial transactions.
Detailed requirements for each license a foreign investor may need in Bangladesh.
License/Permit Name | Issuing Authority | Key Documents & Prerequisites | Applicable Law | Processing Time & Renewal |
---|---|---|---|---|
Name Clearance Certificate | RJSC |
|
Companies Act 1994 | 01-02 working days. Not required. |
Incorporation of 100% foreign company | RJSC |
|
Companies Act 1994 | 07-21 working days. Auto-renewed with returns. |
Bank Account Opening | Scheduled Bank |
|
- | 5-10 working days. |
Company Tax Identification Number (TIN) | National Board of Revenue |
|
Income Tax Ordinance 1984 | 15-20 minutes. |
Trade License for manufacturing firms | Dhaka North/South City Corporation |
|
Dhaka City Corporation Ordinance 1983 | 10-20 working days. Yearly renewal. |
BIDA Registration of Foreign Investment Project | BIDA |
|
BIDA Act 2016, Guideline 2011 | 1-2 weeks. Not required. |
IRC (Import Registration Certificate) | CCI&E |
|
Import Policy Order 2015-2018 | 1-2 weeks. Yearly renewal. |
VAT Registration | National Board of Revenue |
|
VAT and Supplementary Duty Act 2012 | 2-3 weeks. Not required. |
Environment License | Department of Environment |
|
Environment Conservation Rules 1997 | 1-2 months. Yearly renewal. |
Factory License & Layout Plan Approval | DIFE |
|
As per ILO Convention | Max 2 months. Yearly renewal. |
Fire License | Fire Service and Civil Defense |
|
- | 2-4 months. Yearly renewal. |
Membership of Chambers/Trade Body | Dhaka Chamber of Commerce etc. |
|
The Trade Organization Ordinance 1961 | 1-2 weeks. Yearly Renewal. |
Potential Investor (PI) Visa | BIDA & Bangladesh Embassy |
|
BIDA Act 2006, Guideline 2023 | 3 days for recommendation; 7 days for visa. Renewable. |
Work Permit | BIDA |
|
BIDA Act 2006, Guideline 2023 | 1-2 months. Renewable. |
Winding up a company and fund repatriation | RJSC, Bangladesh Bank, NBR, BFIU |
|
Companies Act 1994, Income Tax Act 2023, etc. | Varies. |
Remittance of dividends | Bangladesh Bank |
|
Guidelines for Foreign Exchange Transactions | 1-2 weeks. |
Export License (ERC) | CCI&E |
|
Import Policy Order 2015-2018 | 1-2 weeks. Yearly renewal. |
Bonded Warehouse License | Customs Bond Commissionerate |
|
- | 2-3 months. |
Note: This is a comprehensive guide. For advice tailored to your specific business, please contact us.
As a leading law firm, LegalSeba.com offers precise guidance and assistance in securing the necessary licenses and approvals, helping your business thrive in an environment of growth and investment. Trust us to streamline your setup and ensure all legal requirements are met seamlessly.
We provide expert advice on eligibility criteria, documentation, and regulatory compliance, tailored to your specific needs.
Our team assists in preparing and collecting all necessary documentation, ensuring that your application meets all legal requirements.
We manage the entire application process, from submission to approval, ensuring meticulous adherence to all procedural steps.
We maintain regular communication with regulatory bodies to track the status of your application and promptly address any queries.
We assist in preparing for regulatory inspections, ensuring that your infrastructure and operations comply with all standards.
We facilitate effective communication with government authorities to streamline the registration process.
For personalized assistance and more information on setting up your business in Bangladesh, contact us today.
Don't let legal complexities slow you down. Contact our experts today for a personalized consultation and let us handle the paperwork, so you can focus on your business.
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This content is for informational purposes only and does not constitute legal advice.