Required time

     &

Renewal process

·     Online application after opening an E-account on the RJSC Website.

·     Payment of fees after preliminary name search

01-02 working day

Not required

·     Name Clearance Certificate issued by RJSC

·     Filled-in Form VI Notice of the address of the registered or principal office of the Company.

· Filled in Form IX Director’s Consent

·     Passport size photo of shareholders & Directors

·     Photo ID and Passport Info page of Shareholders and Directors

·     Foreign Currency Encashment Certificate from a scheduled Bank [transfer of paid-up capital]

·     Treasury Challan [Government Fees]

·     Permission from BIDA

(if applicable)

07-21 working days

Not required. Automatically renewed with the filing of returns.

One of the Director must be physically present before the bank.

All the foreign shareholders’ documents must be attested by the concerned Bangladeshi embassy (depending on the respective banking policy)

·     Contant Number & Email

·     Incorporation number of the company

·     Date of incorporation of the company

·     Name of the authorized person

.    Address of the Company

15-20 minutes

·     Application form

·     National ID Card

·     Rent receipt or ownership proof

·     Holding tax payment receipt

·     Passport size photograph of the entrepreneur

·     Declaration on the non-judicial stamp to abide by the rules & regulations of city corporation/municipality/union parishad

·     NOC declaration from the locality

·     Location map

·     Sketch along with details of the proposed factory/surroundings of the factory

·     Fire License

·     Environment clearance License Memorandum of Association and Articles of Association

·     Certificate of incorporation

·     Work permit from BIDA

·     Statement of Bank Solvency

·     TIN Certificate

Dhaka City Corporation Ordinance 1983

Municipal Taxation Rules 1986

10-20 working days

Yearly renewal required

Bangladesh Investment Development

Authority (BIDA)

·     Forwarding letter to be submitted by the Managing Director of the Company on official letterhead.

·     Two copies of the Application in the Prescribed Form duly filled in

·     Certificate of Incorporation

·     Trade License in favour of factory address

·     TIN Certificate

·     List of machinery local and imported to be submitted in the official pad of the company (SL no., name of Machine, H.S. Code, quantity and value in Million Taka)

·     Encashment Certificate

·     NOC from the concerned Ministry

·     Pay order for the applicable registration fee

BIDA Act 2016

Guideline 2011

1-2 weeks

Not required

·     Passport  size photograph of the Applicant

·     Trade License

·     Membership Certificate from a local Chamber of Commerce and Industry or from concerned Trade Associations

·     Financial solvency certificate

·     Citizenship Certificate

·     Treasury Challan

·     TIN Certificate

·     Partnership Deed

·     Certificate of Incorporation, Memorandum and Articles of Association

·     Trade License

·     TIN Certificate

·     IRC

·     List of sales shops, sales centers, full address, equipment, machinery, fittings, product features and amendment of the products manufactured

·     List of invoices and stored product

·     Deed of Agreement

·     Bank Solvency Certificate

·     BIDA Registration

·     Memorandum of Association and Articles of Association

 2-3 weeks

Not required

·     BIDA Registration

·     Technology transfer Agreement

·     Application Form

·     Resolution of the Board of Directors

·     Income Tax Certificate and Return

·     Memorandum of Association and Articles of Association

·     Invoices

·     Authenticated banking documents showing export earnings, if any

·     Patent right/trade mark/brand name registration in Bangladesh

·     Work completion certificate

·     Application through prescribed form-3 under Environment Conservation Rules 1997.

·     Prescribed fees under schedule-13 under Environment Conservation Rules 1997 (Amended 2002)

·     Report on the feasibility of the industrial unit or project (applicable only for proposed industrial unit or project);

·     Report on the Initial Environmental Examination (IEE) relating to the industrial unit or project, and also the terms of reference (ToR) for the Environmental Impact Assessment (EIA) of the unit or the project and its Process Flow Diagram; or Environmental Impact Assessment (EIA) report prepared on the basis of terms of reference previously approved by the Department of Environment, along with the Layout Plan (showing location of Effluent Treatment Plant), Process Flow Diagram, design and time schedule of the Effluent Treatment Plant of the unit or project, (these are applicable only for a proposed industrial unit or project);

·     Report on the Environmental Management Plan (EMP) for the industrial unit or project, and also the Process Flow Diagram, Layout Plan (showing the location of the Effluent Treatment Plant), design and information about the effectiveness of the Effluent Treatment Plan of the unit or project (these are applicable only for an existing industrial unit or project);

·     No objection certificate (Prescribed Form) of the local authority

·     Emergency plan relating to adverse environmental impact and plan for mitigation of the effect of pollution

·     Outline of relocation, and rehabilitation plan (where applicable)

·     Other necessary information (where applicable).

 1-2 months

Yearly renewal

·     Land documents, if rental, rent receipt and agreement are required. If owned, a tax receipt is required

·     Site plan/layout master plan

·     Detailed construction plan

·     Machine layout and flow chart of the manufacturing process

Maximum 2 months.

Yearly renewal required

·     Filled in prescribed Application Form. Application form can be collected either from office of Fire Service and Civil Defence or from internet.

·     Trade License

·     Description of the products including their quantity.

·     Annual value of the warehouse (determined by the City Corporation/ Municipality/Union Parishad).

·     2 copies of layout plan of the Fire Prevention and Fire Fighting system.

·     No-Objection-Certificate from local (elected) representative

·     Certificate of Incorporation and Memorandum of Association and Articles of Association of the Company.

·     Name address of the Directors of the Company.

 2-4 months

Yearly renewal required

·     Trade License

·     TIN

·     Bank Certificate

·     Memorandum of Association and Articles of Association.

·     Certificate of Incorporation

·     Photograph of the applicant

·     Visiting card of the applicant

·     National ID / Passport

·     IRC

·     VAT

·     BIDA Certificate

·     Work Permit

·     Bank pay order

 1-2 weeks

Yearly Renewal

·     BIDA Registration Number

·     Memorandum and Articles of Association and Certificate of Incorporation

·     Board Resolution

·     Photograph of the Investor

·     Copy of Passport (the whole of each part, each of the pages chronologically)

·     Specific activity of the company

·     Income Tax Clearance certificate of the Company

·     Encashment certificate of inward remittance of minimum US$ 5,0000.00 as initial establishment cost for branch/ liaison/ joint-venture and 100% foreign ownership company incorporation in Bangladesh

BIDA Act 2006

Guideline 2011.

After obtaining a recommendation letter the Investor may apply for a PI Visa.

It may take 3 working days to get a recommendation letter.

7 working days to obtain a visa

1 + 2 + 2 years in phases for PI Visa

1 year for E Visa

·     Copy of Memorandum & Articles of Association and Certificate of Incorporation of the company duly signed by the shareholders in case of local incorporation.

·     Board resolution regarding employment of foreign national(s) including honorarium & another benefit to be provided.

·     Copy of passport (whole Used part)with arrival stamp, E-type visa for employees and PI-type visa for investors each of the pages chronologically

·     Service contract/ agreement and appointment letter/ transfer order in case of employee

·     Copies of all academic qualification & professional experience certificate for the employee

·     Statement of the manpower showing a list of local & expatriate personnel employed with designation, salary break-up, nationality and date of first appointment

·     Up-to-date income tax clearance certificate of the company

·     Encashment certificate of inward remittance of minimum US$ 5,0000.00 as initial establishment cost for branch/ liaison/ joint-venture and 100% foreign ownership company incorporation in Bangladesh

·     Visa Recommendation Letter of the Investors/Employee.

·     Attachment of company’s comments as per remarks (if any)

BIDA Act 2006

Guideline 2011.

1-2 months

1 + 2 + 2 years in phases for PI Visa

1 year for E Visa

RJSC

Bangladesh Bank

NBR

BFIU

• Certificate of Incorporation
• Memorandum & Articles of Association
• Return of Allotment (Form-XV)
• Latest annual summary of share capital and list of shareholders/directors (Schedule-X)
• Instrument of Transfer of Shares (Form-117)
• Encashment Certificate
• Import permit and related documents for shares issued against capital machinery
• Intimation of share issuance/transfer as per relevant guidelines
• Latest audited financial statements
• Certified copies of Form VIII evidencing special resolution for voluntary liquidation
• Liquidator’s certificates confirming full payment of liabilities and compliance with the Companies Act
• Winding up documents in accordance with the Companies Act
• Certification of overdue export proceeds and unmatched bill of entry
• Tax clearance certificate
• Police Clearance Certificate (where applicable)
• CIB report
• List of non-resident shareholders to whom proceeds are payable
• Liquidator’s undertaking regarding ineligible remittance amounts
• Obtaining any Clearance Letter from the Bangladesh Financial Intelligence Unit

Income Tax Act 2023

Companies Act 1994

Bangladesh Bank Guideline

Money Laundering Prevention Act, 2012

·     The Ads are allowed to remit dividends (both final and interim) to the non-resident shareholders on receipt of the application in the prescribed form (Appendix 5/75) in triplicate from the companies concerned duly certified by their Auditors and supported by the following document:

·     Attested copy of the certificate of incorporation of the company (to be submitted only once).

·     Audited Balance Sheet and Profit & Loss Account of the Company for the year to which the dividend relates.

·     Copy, certified by the Auditor, of the Board resolution declaring the dividend.

·     List of non-resident shareholders to whom the dividend is payable.

·     Certificate from the Auditor of the company to the effect that the taxes payable by the nonresident shareholder on account of the dividend earned have been deducted.

·     Auditor’s certificate to the effect that the provision for income tax and/or any additional liability (such as surcharge etc.) in connection with such taxes made in the accounts of the company is sufficient to meet all past and present tax liabilities of the company in Bangladesh upto the period for which remittance of dividend is applied for i.e. the provision should cover not only current year but also the previous years for which taxes have not yet been finally assessed and paid.

·     Final income tax assessment order as and when obtained.

·     Undertaking to the effect that in case of remittance of any ineligible amount, the amount so remitted will be repatriated to Bangladesh on demand by Bangladesh Bank/the AD.

 1-2 weeks

Renewal N/A