How to start export import business in Bangladesh and how to apply for the same and process of application of export import license in Bangladesh? Our information is ONLY for the foreign investors as we do deal with local, Bangladeshi investors as our business policy.
Step 1: Unless register a private limited company in Bangladesh will not be allowed to apply of export import license; so, 1st job is company registration in Bangladesh from RJSC under any format of LLC (limited liability company wholly foreign owned, subsidiary, joint venture).
Step 2: Once certified copies are received may apply for Trade Licenseand Income Tax certificate and once said license is received will request your bank to issue Bank Certificate;
Step 3: After receiving Bank certificate along with certified copies (RJSC), tax certificate, office rent agreement copy apply for VAT license;
Step 4: VAT license and along with all others as above mentioning documents have to submit to any one of them Membership for Chamber of Commerce (Dhaka Chamber of Commerce, BGMEA, BKMEA, Bangladesh India Chamber of commerce, Bangladesh German Chamber of commerce, China Bangladesh chamber of commerce, Foreign Investors chamber of commerce etc); It might take 7 to 30 days receiving certification from concern chamber;
Step 5: Now apply to export import department (Motijheel, Dhaka) along with all above licenses and papers with government fees as amount of export import yearly transaction;
Time line of export import license
How long may require receiving export import license? It might need 7 to 10 days maximum to issue said license upon verification of all required papers; Extra official money might required with all licenses to be obtained, sorry to say; Main time, takes to obtain membership from Chamber.
Read also: Small Business Ideas In Bangladesh
Tariffs announcement of National Board of Revenue:-
- Tariff on said sectors:
- Live animals and animal products.
- Works of art, collectors pieces and antiques
- Arms and ammunition; parts and accessories thereof
- Vegetable products
- Animal or vegetable fats
- Prepared foodstuffs; beverages
- Mineral products
- Products of the chemical or allied
- Plastics and articles thereof; rubber and articles thereof
- Wood and articles of wood
- Textiles and textiles articles
- Foot wares
- And others
Free Trade Zones in Bangladesh
- Goods are imported and exported in Bangladesh through EPZ
- Air Way
- EPZ Dhaka (Savar)
You have to pay customer duty to make transaction of goods and verify of original goods showing Challan and purchase copy and/ or bank copy;
How to get a import license in Bangladesh
Apply to IRC department, Motijheel, Dhaka office along with supporting documents:-
- Trade License
- Membership of chamber of commerce
- Bank solvency
- Tenancy agreement
- Employee list
- MoA and AoA
- Passport copies (foreign ownership company)
- Partnership agreement (foreign ownership company)
- Undertaking along with Government stump, amount of Taka 300 (
foreign ownership company)
- Trazari Challan (1-1731-0001-1801)
- 15% VAT of deposit amount
Import license fee in Bangladesh
|Type||Yearly Volume (Taka)||Primary Fee||Renewal Fee|
|2nd||2500000 /-||10000 /-||6000/-|
|3rd||5000000 /-||18000/-||10000 /-|
There is Taka 7000/- have to deposit along with above mentioning fees. Export license fee is almost same of import license.
Well, Obtain import license from Bangladesh and start business. First job is register LLC in Bangladesh under fdi law. Clear custom duty when imported. Select the port by what goods will enter into country. Open bank account and utilize L/C.
Oil, Wheat, Rice, Machine, Motor bikes and etc are import goods in Bangladesh. Here, most of the importer and exported from India and China. Cloths goods are almost tax free, .90% tax, only.
Obtain import license from government of BD and order. Import goods enter by ship/ cargo after custom clearance. China government has no issue to export any legal goods by low tax. Bangladesh is good place of import goods from China.
Trade relation between Bangladesh and India are old and strong. Many investors from India doing business in Bangladesh. As visa process is easier that makes businessmen comfortable of investment. Besides, import and export between India and Bangladesh are remarkable.