Without business license in Bangladesh no foreign investors are permitted to start any business in Bangladesh. The following business license in Bangladesh is required to start a new business: 1. Company Registration 2. Trade License 3. Income Tax 4. VAT license 5. Import/ export license 6. Fire License 7. Building Plan Approval 8. Manpower 9. Factory Setup License 10. Ministry Permission 11. BOI/ BEPZA permission
| Private Limited Company Registration | Without limited liability company no foreign investors are allowed to start a business in Bangladesh. Company incorporation is the first business license in Bangladesh as requirement. Condition of registering incorporation: · Minimum 2 (two) partners · Any amount of paid up capital · 100 percent foreign ownership is allowed · Business address should be in commercial building · Bank certificate is required to register foreign ownership company |
| Trade License | Managing trade license from city corporation or local government office is second step. Provide supporting papers:
· Passport copies · Application and photos · Tenancy agreement |
| Income Tax Certificate | Apply by online and provide physical passport copy before income tax officer to verify and issue certificate. |
| VAT License | As business license in Bangladesh, VAT license is needful for all corporations. The following papers are required:
· Bank solvency certificate · Application form · Tenancy agreement · Registration certified copies |
| Import/ export license | Export or import license is required for the exported and/ or importer. The following papers are required as a business license in Bangladesh:
· Company certified copies · Trade License · Tax and VAT license · Membership from chamber of commerce · Government fees |
| Fire License | To setup factory as business license in Bangladesh, this is mandatory one. You need to provide the following papers:
· Land/ building plan · Company registration certified copies and trade license · VAT and tax license · Fire materials / machineries purchase copies · Bank deposit |
| RAJUK/ Local building plan | To start a factory, RAJUK or local authority permission is required. Supporting papers are:
· Land ownership copies · No objection certificate to setup factory · Pre-plan pass (architecture) |
| Factory machinery | Factory machine (s) purchase copies have to provide to authorities to setup factory. |
| Factory manpower permission | Its need a permission from government manpower department in certain areas to setup a factory. All above obtaining papers have to provide them to be approved. |
| Ministry or concern department permission as business category | As requirement of business license in Bangladesh, some employers have to take no objection or other permission from concern department, for example: Telecommunication, Chemical, Education, Agriculture, Property developer, Transport, Health and so on. |
| BOI or BEPZA permission | Additional requirement of business license in Bangladesh is BOI/ BEPZA permission. This permission is required for opening branch/ representative office of foreign parent company and work permit and / or business/ employment visa. In case of setting up factory in income tax free areas BEPZA permission is required. |
Licensing in Bangladesh Pros and Cons
| How many days are required to approve Private Limited Company Registration? | Ans: 7-30 days |
| How many days are required to obtain Trade License? | Ans: 4-7 days |
| How long takes for Income Tax Certificate? | Ans: 1-2 days |
| How long may need for VAT License? | Ans: 5-7 days |
| How long takes for Import/ export license? | Ans: 7-10 days |
| How long might need for Fire License? | Ans: 10-30 days |
| How long may need for RAJUK/ Local building plan? | Ans: 30-60 days |
| How long may need for Factory machinery? | Ans: 7-15 days |
| How long may need for Factory manpower permission? | Ans: 2-5 days |
| How long might required for Ministry or concern department permission as business category? | Depend, might be longer… |
| How long may need for BOI or BEPZA permission? | -Branch office: 30-45 days -Work permit: 15-30 days |
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