Foreign Company Registration procedure in Bangladesh


S & F CONSULTING FIRM LIMITED is an international business consultancy firm.
lower cost & higher service quality
Contact information:
Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Corporate Office, Dhaka, Bangladesh

 

We are all Countries of Asia

S & F Consulting Firm Limited is incorporated as private limited company in Bangladesh. S & F has large professional team member on particular services. It is recognized as international business consultancy service provider in Bangladesh. The following services are offered:
  • Company Formation (Private or Public limited, Foreign, Joint Venture, Partnership & Branch / Virtual/ Liason office opening of Foreign Companies)
  • Legal service
  • Income Tax
  • Accounting (Audit, B/S, P/L )
  • Education (Study abroad, coaching for IELTS, TOEFL, GMAT, GRE, SAT, General English)
The following papers & information are required to open branch office:
  1. Government of Bangladesh (Ministry of Industries), BOI- Dhaka;
  2. Bangladesh Bank, Dhaka;
Government of Bangladesh (Ministry of Industries)/ BOI
    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. 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.
    10. 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
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. Name, address and nationality of the Directors of the principal company as well as their place of permanent residence;
    4. Authorized and paid-up share capital of the principal company, both equity and preferential (if applicable);
    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;
Power of Attorney favouring the legal representative duly executed. www.sfconsultingbd.com
At a glance 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)
Foreign national can enter and work in Bangladesh as 100% foreign owned or a joint venture or in a liaison or branch office or company in Bangladesh.
PI or E Type Visa
Information & documents are needed for recommendation of PI or E type visa application:
  1. Copy of the permission letter for Branch/Liaison Office if not submitted earlier
  2. Board resolution for employment of foreign nation(s) mentioning salary & other benefit.
  3. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  4. Passport size photographs of the expatriate(s)
  5. Passport copy
  6. Service contract/agreement or appointment letter in case of employee.
  7. Certificates of all academic professional & experience for employees.
  8. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  9. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  10. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.
Work Permit
Documents
The following papers/documents are required for Work Permit in favour of the expatriate (s) employment in Branch/Liaison Office and other private Public Enterprise :
  1. Attested copy of the permission letter for Brach/Liaison Office/Company.
  2. Commercial Enterprise from the appropriate authority, if not submitted earlier
  3. Board resolution regarding employment of foreign national(s) including salary & other benefit to be provided.
  4. Application in prescribed form along with passport size photographs of the expatriate(s) attested by the Managing Director/Managing Partner/Proprietor/appropriate authority.
  5. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  6. Attested photocopy of passport with arrival stamp ‘E’ type visa for employee and ‘PI’ type visa for investors.
  7. Attested copy of service contract/agreement and appointment letter in case of employee
  8. Attested copies of all academic, professional & experience certificate for employee.
  9. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  10. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  11. Up-to-date income tax certificate for branch office locally incorporated companies in Bangladesh.
  12. Encashment certificate of inward remittance in favour of Liaison/Branch office for the last 2 years.
  13. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.
Email: contact@sfconsultingbd.com
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