Our Consultants for foreign investors

S & F CONSULTING FIRM LIMITED

an international business consultant in Bangladesh

Mobile: +880 01790220729

OUR CONSULTANTS

Md. Forhad Hossain,
MBA, LL.B, LL.M

  

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

www.sfconsultingbd.com

Required documents to establish factory in Bangladesh

S & F CONSULTING FIRM LIMITED

an international business consultancy company in Bangladesh

Registration Requirement permission & Process

Required documents are:

a. Application Forms

b. Certificate of Incorporation

c. MOA

d. AOA

e. Joint Venture Agreement (if any)

f. Attested copy of deed agreement for rental premises

g. Project Profile

h. Background of the promoters (shareholders)

i. List of Machineries indicating quantity and price

j. Copy of the relevant Loan documents

k. Pay Order/Bank draft for the fee

Other:

1. Factory: Approval of Factory Plan
2. Bonded Warehouse License
3. Registration of Local Investment Project

Registration Application

Application for BOI Industrial Registration with following supporting documents:

a. Project Profile

b. MOA

c. AOA

d. Land Information & Document

e. Machinery Details

f. Financing sources

g. TIN

h. IRC

i) ERC

j) BOI Recommendation Letter (for Visa)

k) Visa Application

l) Work permit

m) Environment Certificate

n) Social Compliance

Business Licenses are required

1 . Approval of Factory Plan

2 . Bonded Warehouse License Customs Bond Commissionerate (CBC)

3 . Certificate of Incorporation

4 . Environmental Clearance Certificate Department of Environment (DOE) http://www.doe-bd.org/

5 . Export Registration Certificate (ERC)

6 . Fire License Fire Service and Civil Defense (FS&CD)

7.  Import Registration Certificate (IRC)- Office of the Chief Controller of Imports & Exports (CCI&E)

8 . Registration of Foreign Investment/ Joint Venture- Board of Investment (BOI)

9 . Registration of Local Investment Projects - Board of Investment (BOI)

10 . Tax Holiday Certificate National Board of Revenue (NBR)

11 . Tax Identification Number (TIN) National Board of Revenue (NBR)

12 . Trade License for a Commercial Firm-  Dhaka City Corporation

13 . Trade License for a Manufacturing Firm - Dhaka City Corporation

14 . Trade Marks Registration - Department of Patents, Designs & Trademarks (DPDT)

15.  VAT Registration National Board of Revenue (NBR)

Import Registration Certificate (IRC)

For the Import Registration Certificate (IRC) one needs to register with the BOI and the Chief Controller of Imports & Exports, CCI&E . The following supporting documents are needed:

a. Trade License photocopy

b. Valid membership of association (e.g. DBCCI)

c. Attested copy of:

i. AOA

ii. MOA

iii. Incorporation certificate

d. Passport photocopy of the Managing Director

e. Bank solvency certificate (original)

f. Original receipt (challan) of bank deposit for the fees

Export Registration Certificate (ERC)

For the Export Registration Certificate (ERC) the following documents are needed :

a. Attested copy of:

i. Trade License

ii. Valid membership of association or chamber

iii. AOA

iv. MOA

v. Incorporation certificate

b. Original of Bank receipt (challan) for deposit of the fees

 BOI Recommendation Letter (for Visa)

Two types of Visa exist: the PI-type for a Private investor, and the E-type for an Employee.

An application has to be made to the BOI for a PI Visa for foreign investors. The documents  required are:

a. Business introduction letter

b. Forwarding letter

c. Passport photocopies

Visa Application

Foreign Nationals have to apply for Visa in any foreign mission of GoB,

a. BOI recommendation letter

b. Company letter introducing the business

This Visa must be renewed yearly or bi-yearly depending on various factors (e.g. country of

origin).

Work Permit

A work permit for foreign nationals is a prerequisite for employment in Bangladesh. Private sector industrial enterprises desiring to employ foreign nationals are required to apply in advance to the BOI in the prescribed from. For expatriate employment the guidelines are as follows:

1. Nationals of countries recognized by Bangladesh are considered for employment.

2. Employment of expatriate personnel will be considered only in industrial establishments which are registered by the appropriate authority.

3. Employment of foreign nationals is normally considered for the job for which local experts/technicians are not available.

4. Persons below 18 years of age are not eligible for employment.

5. A decision of the board of directors of the concerned company for new employment/ employment extension is to be furnished in each case.

6. The number of foreign employees should not exceed 5% of the total employees,  including top management personnel.

7. Initially employment of any foreign national is considered for a term of two years,  which may be extended on the basis of merit of the case.

8. Necessary security clearance has to be obtained from the Ministry of Home Affairs.

BOI Form: See Website: http://www.boi.gov.bd/how-to-invest/forms-a-procedures/ obtaining-a-work-permit:

Environmental Clearance Certificate

The company has to apply to the BOI Utility Service Cell (USC) for Environmental Clearance Certificate. BOI USC will obtain the necessary clearance from the Department of Environment (DOE) who will visit the factory for inspection.

Social Compliance

The registration for Social Compliance can be acquired from the Chief Inspector of  Factories and Establishments (CIFE). Any manufacturing company employing ten or more  workers is required to be registered under the Factories Act 1965 at the office of CIFE. This act is primarily intended to regulate working conditions and to ensure safety in the factory.  The prescribed Application Form has to be collected from the office of CIFE, filled in and submitted with all requirements. The CIFE office issues registration within the stipulated period. A different example concerns the acquisition of the Fire License.

http://www.boi.gov.bd/how-to-invest/forms-a-procedures

At a glance

1 Approval of Factory Plan

2 Bonded Warehouse License Customs Bond Commissionerate (CBC)

3 Certificate of Incorporation

4 Environmental Clearance Certificate Department of Environment (DOE) http://www.doe-bd.org/

5 Export Registration Certificate (ERC)

6 Fire License Fire Service and Civil Defense (FS&CD)

7 Import Registration Certificate (IRC)

Office of the Chief Controller of Imports & Exports (CCI&E)

8 Registration of Foreign Investment/ Joint Venture

Board of Investment (BOI)

9 Registration of Local Investment Projects - Board of Investment (BOI)

10 Tax Holiday Certificate National Board of Revenue (NBR)

11 Tax Identification Number (TIN) National Board of Revenue (NBR)

12 Trade License for a Commercial Firm-  Dhaka City Corporation

13 Trade License for a Manufacturing Firm - Dhaka City Corporation

14 Trade Marks Registration - Department of Patents, Designs & Trademarks (DPDT)

15 VAT Registration National Board of Revenue (NBR) 

www.sfconsultingbd.com

Mobile: +880 01790220729

Foreign Investment information in Bangladesh

S & F CONSULTING FIRM LIMITED

an international business consultant in Bangladesh.

Papers & information are required to open a branch office in Dhaka

In order to establish your branch office in Bangladesh, necessary application in prescribed form has to be submitted to the concerned authorities of the Government for obtaining permission/approvals. The concerned authorities are listed below:

1.    Government of Bangladesh (Ministry of Industries), Dhaka;/ BOI

2.     Bangladesh Bank, Dhaka;

To obtain the permissions/approvals of the above authorities, the following information and papers/documents will be required as shown against each authority. The information mentioned below requires to be filed with the said application under the signature and seal of the Managing Director of the principal company. The seal of the Company also has to be affixed thereon.

1.   Government of Bangladesh (Ministry of Industries)/ Board of Investment

1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
2. Intended field of business in Bangladesh through proposed Branch Office;
3. Function of the principal company/firm in brief;
4. Date of operation of the proposed Branch Office;
5. Period for which permission is sought;
6. Proposed organizational set up of the company's Branch Office;
7. Initial approximate expenditure and operational expenses of the company's Branch Office and source and nature of inflow of money required for running the Branch Office for the purpose;
8. Certificate of Incorporation of the principal company and resolution of the Board of Directors to establish a Branch Office in Bangladesh, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin
9. Memorandum and Articles of Association of the principal company, duly executed, notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin

10. Power of Attorney given in favour of The Law Assistant duly notarized and authenticated by the High Commission of Bangladesh in the country of origin.

2.   Bangladesh Bank

1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
2. Place of incorporation and registration of the principal company in the country of origin;
3. Authorized and paid-up share capital of the principal company, both equity and preferential (if applicable);
4. Name, address and nationality of the Directors of the principal company as well as their place of permanent residence;
5. Any share held in the principal company by Bangladeshi national or company registered in Bangladesh with full particulars (name of the shareholder, nationality, number and value of shares held);
6. Particulars of the activity (trading/commercial/industrial/consultancy) of the Principal Company;
7. Name and address of the Bangladeshi agent/representative if any (including nature of activities undertaken or the services rendered by Bangladeshi agent/representative and term including remuneration payable to agent/representative);
8. Source of finance to the Branch Office in Bangladesh;
9. Whether surplus earning, if any in Bangladesh, to be remitted abroad;
10. Whether any foreign personnel will be employed; if so, a list giving the names and nationalities of such persons, their designation, period of employment, for working in Bangladesh and particulars of government approval for their employment;
11. Certificate of Incorporation of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
12. Memorandum and Articles of Association of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin - two copies including one original;
13. Resolution passed by the Board of Directors for establishment of branch/liaison office in Bangladesh duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
14. Appointment letter of the local Manager/Branch Representative, if any, in the line of a Board Resolution duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin;
15. List of local employees if appointed;
16. Power of Attorney favouring the legal representative duly executed.

www.sfconsultingbd.com