Tax Incentives and Investment Conditions
2.6 Timeline
SL
Set-up process
Timeline (weeks)
1 2 3 4 5 6 7 8
Office registration procedures
1 Apply for permission from BIDA
2 Letter to Bangladesh Bank under section 18B of Foreign Exchange Regulation Act 1947
3 Registration with Income Tax Authority
4 Registration with Registrar of Joint Stock Companies
5 Trade license
6 Clause 7 waiver from the permission letter of BIDA if the branch office raises invoice locally
7 Registration with VAT authority
Company incorporation procedures
1 Obtaining name clearance
2 Opening temporary bank account for deposit of capital
3 Obtaining registration from RJSC
4 Registration with Income Tax Authority
5 Obtaining Trade license
6 Obtaining online VAT registration
Import Registration Certificate (IRC) or Obtaining Export Registration Certificate (ERC) (If required) can be obtained within 2-3 weeks, however,
chamber membership is required to be obtained beforehand which can take time depending on the relevant chamber.
KPMG
© 2023 Rahman Rahman Huq and KPMG Advisory Services Limited are entities registered in Bangladesh, and member firms of the KPMG global organisation of independent member
firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Bangladesh.
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