Full Process of Limited Company Registration in Bangladesh

 You might know about Process of limited company registration in Bangladesh but do not know the exact procedure A-Z. Let, discuss in detail step by step: 

Step 1: You have to have a company name clearance 

Step 2: Appoint a lawyer or expert who will prepare documents as needs

Step 3: Lawyer will prepare draft MoA, AoA and form XII, IX, VI and so on

Step 4: Entrepreneurs will check objective clauses those are prepared by lawyer before final submission to RJSC through online

Step 5: Pay fee to schedule bank

Step 6: Lawyer will contact the officer of RJSC and request to check all of them and approve the file

Step 7: You will receive copies of RJSC through email if no problems are found by the officers

Step 8: Apply for Trade License

Step 9: Apply for TIN and VAT certificate

Step 10: Apply for membership of chamber of commerce and ERC & IRC in case of export and import business. 

By the way, to register a limited company you must decide who is the Chairman, Managing Director and Directors of the company. Moreover, you have to decide number of shareholders and their share proportion with value of shares. The directors will discuss with lawyer / expert about business objectives as nature of business. They will decide investment capital and authorised capital as well. 

Post company registration

You must know that 30 June is closing month in Bangladesh as law. So, you as director and shareholder must submit annual income and loss report to RJSC by lawyer to avoid financial penalty. Company accounts will be audited by auditor and submit income tax by the time by income tax practitioner to be regular company. In case of any sales of the company must submit VAT those are already paid and deducted with reference documents. 

Cost of company registration and business licenses

To register a limited liability company might cost in Taka 8000 as minimum and maximum is depended on authorised capital. To check costing can visit the link of RJSC and click on free calculator. Put authorise capital amount and select company registration and have look it. 

Trade license cost might in Taka 7000 and VAT registration in Taka 7000. ERC and IRC fee depend on yearly expenses of import and export goods. 

1. Duration of company registration: 3-4 days

2. Trade license: 2-3 days

3. VAT registration: 4-7 days

5. TIN: 1-2 days

6. ERC and IRC: 10-15 days

Contact us: +8801319340140 (WhatsApp available), Email: info at sfconsultingbd dot com. 

Foreign Direct Investment in Bangladesh (FDI)

Foreign Direct Investment in Bangladesh (FDI)

Our liason office & representative in the world (S & F CONSULTING FIRM LIMITED)

S & F CONSULTING FIRM LIMITED

www.sfconsultingbd.com

info@sfconsultingbd.com

Dhaka, Bangladesh

An international business service company in Bangladesh

German Arifur Rahman Email: german.office@sfconsultingbd.com MSC in business administration, University of Duisburg-Essen, Mönchengladbach, Germany Australia Mahbub Siraz Tuhin Email: australia.office@sfconsultingbd.com Post Graduate, Australian Human Resource Institution Adelaide, South Australia UK Rezaul Islam Sakib Email: uk.office@sfconsultingbd.com PhD, University of Nottingham, UK Flat C102 ,Newark Hall Jubilee Campus , The University of Nottingham , UK. NG8 1BB.

Sweden Md. Nur Hossain Email: sweden.office@sfconsultingbd.com MSc International Marketing & Brand Management Lund University MBA in SMIO, Linkoping, Sweden Malaysia Sujat Sikder Email: malaysia.office@sfconsultingbd.com Kualalampur, Malaysia Canada Mahbubur Rahman Email: canada.office@sfconsultingbd.com Toronto, Canada USA Md. Alamgir Hossain Email: usa.office@sfconsultingbd.com Business Graduate Sunnyside,

Our professional people (S & F CONSULTING FIRM LIMITED)

S & F CONSULTING FIRM LIMITED

An international business service company in Bangladesh

www.sfconsultingbd.com

Mobile: +880 01790220729

Dhaka, Bangladesh

Company Matter Md. Forhad Hossain,  MBA, LL.B, LL.M Accounts Services Shams Rezanur Iqbal,  ACMA Md. Shahadat Hossain,  ACMA Initial Public Offer (IPO) Reazul Haque Sikder,  ACS Associate of Chartered Secretary  IPO specialist & Tax Consultant TAX, VAT & Custom Zulfiquer Ali Babul, Tax & Company Law advisor Md. Abdus Sabur, LL.B (Hons), LL.M,  Tax & Company Law advisor Md. Kamruzzaman (Kammal), LL.B (Hons), LL.M,  Tax & Company Law advisor Md. Masum, Income Tax Practitioner

Company matter & Legal Service M. Mosharof Hossain Sikder, MBA, MSS, LL.B Supreme court of Bangladesh AKM Shafiuddin, Barrister at Law Supreme Court of Bangladesh Nirmal Chandra Paul, Retd. Judge Supreme Court of Bangladesh Fahima Akter, LL.B, LL.M Supreme Court of Bangladesh Bulbul Ahmed, LL.B, LL.M Supreme Court of Bangladesh Abdul Malek (Emon) Supreme Court of Bangladesh Mustafizur Rahman, LL.B (Hons), LL.M Supreme Court of Bangladesh Kamruzzaman (Kachi), LL.B (Hons), LL.M Supreme Court of Bangladesh

Capital machinery, 100 % export company, develop area

S & F CONSULTING FIRM LIMITED

An international business service company in Bangladesh

www.sfconsultingbd.com

Mobile: +880 01790220729

Dhaka, Bangladesh

Concessionary Duty on Imported Capital Machinery

Import duty at the rate of 7.5% ad valorem is payable on Capital Machinery and Spares imported for initial installation or ‘Balancing, Modernization, Rehabilitation and Expansion’ (BMR/BMRE) of the existing industries. The value of spare parts should not, however, exceed 10% of the total cost and freight value of the machinery. Out of this, 7.5% rate of duty payable, export-oriented industries and industries in the under developed areas, may enjoy a further concession of the import duty in the following manner:

100% export oriented industries:

No import duty is charged in case of capital machinery and spares listed in NBR’s relevant notification. However, import duty at 7.5% is secured in the form of a bank guarantee or an indemnity bond to be returned after installation of the machinery.

Minimum 70% export oriented industries in developed areas:

Import duty at 2.5% is charged in case of capital machinery and spares listed in NBR’s relevant notification. Additional duty at 5% is secured in the form of a bank guarantee or cash deposit to be returned after installation of the machinery.

Minimum 70% export oriented industries in developed areas:

Import duty at 5% is charged in case of capital machinery and spares listed in NBR’s relevant notification. Additional import duty at 2.5% is secured in the norm of a bank guarantee or cash deposit to be returned after installation of the machinery.

Other industries outside developed areas:

Import duty at 5% is charged in case of capital machinery and spares listed in NBR’s relevant notification. Additional import duty at 2.5% is secured in the form of a bank guarantee or cash deposit to be returned after installation of the machinery.

Other industries in developed areas:

Import duty at 7.5% is charged in case of capital machinery and spares listed in NBR’s relevant notification. Value Added Tax (VAT) is not payable for imported capital machinery and spares.  Duties and taxes on import of goods which are produced locally will be higher than those applicable to import of raw materials for producing such goods.

www.sfconsultingbd.com

Email: info@sfconsultingbd.com

Residence, Tax holiday & depreciation allowance

S & F CONSULTING FIRM LIMITED

An international business service company in Bangladesh

www.sfconsultingbd.com

Email: info@sfconsultingbd.com

Mobile: +880 01790220729

Dhaka, Bangladesh

Residence

Permanent resident permits on investing US$ 75,000 and citizenship on investing US$

500,000

Tax holidays:

1. In the Dhaka & Chittagong Divisions: 100% in first two years: 50% in the year three  and four: and 25% in the year five.
2. In the Rajshahi, Khulna, Sylhet, Barisal Divisions and three Chittagong Hilly Districts:

100% for first three years, 50% for next three years, and 25% for year seven

Depreciation allowances

1. Accelerated depreciation for new industries is available at the rate of 50%, 30% and 20% for the first, second and third years respectively, on the cost of plant and machinery
2. Cash and added incentives to exporting industries
3. Businesses exporting 80% or more of goods or services qualify for duty free import  of machinery and spares, bonded warehousing
4. 90% loans against letters of credit and funds for export promotion
5. Export credit guarantee scheme
6. Domestic market sales of up to 20% is allowed to export oriented business located  outside an Export Processing Zone (EPZ) on payment of relevant duties
7. Cash incentives and export subsidies are granted on the Free on Board (FOOB) value  of selected exports ranging from 5% to 20% on selected products. 

www.sfconsultingbd.com

Email: info@sfconsultingbd.com