Procedure 1 |
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Procedure Name |
Name Clearance Certificate for Company |
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Legal Basis of the Certificate |
The Companies Act- 1994 |
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Responsible Agency |
Registrar of Joint Stock Companies and Firms (RJSC) |
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Process Step |
Step 1: Applicant fills in the online application Step 2: Opening an E-account an RJSC website Step 3: Preliminary name search on RJSC website Step 3: Makes a payment of fees to BRAC Step 4: Submits the money receipt Step 5 : Obtain the name clearance certificate
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Required Documents |
1. A print out of the name clearance certificate 2. Original copy of Money Receipt
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Process Map |
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Time |
Less than one day (online procedure) |
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Fee |
BDT 600.00 for each of the proposed names BDT 100.00 for each time extension application |
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Contact |
Head Office of RJSC: TCB Bhaban, 1 Kawran Bazar, Dhaka-1215, Bangladesh TEL: 8189401, 8189403, FAX: 8189402 Email: rjsc@roc.gov.bd Website: www.roc.gov.bd |
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Procedure 2 |
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Procedure Name |
Pay stamp duty at a Designated Bank |
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Responsible Agency |
Designated Bank |
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Process Step |
Step 1: Payment of stamp duty is made to the account of the Treasury at the BRAC Bank |
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Process Map |
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Required Document |
No document is required |
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Time |
1 day |
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Fee |
BDT 3,000 for the Articles of Association + BDT 50 for a certified copy; and BDT 1,000 for the Memorandum of Association + BDT 50 for a certified copy |
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Contact |
Designated Bank’s Branch Office |
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Procedure 3 |
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Procedure Name |
Register at Registrar of Joint Stock Companies and Firms (RJSC) |
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Legal Basis of the Registration |
The Companies Act- 1994 |
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Responsible Agency |
Registrar of Joint Stock Companies and Firms (RJSC) |
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Process Step |
Step 1: Preparing Memorandum of Association (MOA) and Articles of Association (AOA) as appropriate to the entity type Step 2: Visiting RJSC website to apply for company registration Step 3: Filling in Name Clearance Submission number and letter number Step 4: Filling in the prescribed forms Step 5: Attaching the MOA and AOA Step 6: Submitting the Registration Application Step 7: Depositing the required fee & receiving the payment slip form designated bank Step 8: Uploading document in online Step 9: Printing the uploaded documents and Submitting those documents & payment slip to RJSC office Step 10: Receiving a Certificate of Incorporation from the RJSC Office |
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Process Map
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Required Document |
1. Name clearance certificate 2. Memorandum and Articles of association 3. Filled in Form I: Declaration on Registration of Company 4. Filled in Form VI: Notice of Situation of Registered Office and of Any Change therein 5. Filled in Form IX: Consent of Director to act 6. Filled in Form X: List of Persons Consenting to be Directors 7. Filled in Form XII: Particulars of the Directors, Manager and Managing Agents and of any change therein Evidence of Name Clearance 8. Proof of payment (i.e. receipt from the designated bank) for Treasury Stamps 9. TIN Certificate of all Directors |
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Time |
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Fee
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Private Company (Companies Act, 1994) Stamps For affixing on the Memorandum of Association: BDT 500.00 For affixing on the Articles of Association:
Registration fee For filing 6 documents (5 filled in forms plus 1 memorandum & articles of association, @ BDT 200.00 per document): BDT 1,200.00 For the authorized share capital:
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Contact |
Head Office of RJSC: TCB Bhaban, 1 Kawran Bazar, Dhaka-1215, Bangladesh TEL: 8189401, 8189403, FAX: 8189402 Email: rjsc@roc.gov.bd , Website: www.roc.gov.bd
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Procedure 4 |
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Procedure Name |
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Responsible Agency |
Sealmaker |
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Process Step |
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Required Document |
No document is required |
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Time |
2-4 hours |
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Fee |
BDT 100-200 |
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Contact |
Any seal making shop
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Procedure 5 |
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Procedure Name |
Obtain a Tax Identification Number (TIN) Certificate for Company |
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Legal Basis of the Certificate |
Income Tax Ordinance - 1984 |
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Responsible Agency |
National Board of Revenue (NBR) |
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Process Step |
Online Process Step 1: Applying to the NBR through e-TIN registration website (http://secure.incometax.gov.bd/TINHome) Step 2: Filling out prescribed online form Step: Receiving TIN Certificate
Manual Process Step 1: Collecting prescribed application form from the NBR Zonal Office Step 2: Submitting filled in application form to the Zonal Office Step 3: Collecting the issuance receipt from the tax supervisor Step 4: Obtaining a TIN Certificate |
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Required Document |
1. Trade License 2. Certificate Of Incorporation 3. Memorandum of Articles 4. Partnership Agreement 5. Photograph of Chairman/Managing Director 6. Tin Certificate of All Directors |
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Time |
Less than one day (online procedure), 2 working days for manual processing |
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Fee |
No Charge |
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Contact |
National Board of Revenue (NBR) Segun Bagicha, Dhaka-1000 Phone: +88-02-9358223 Website: http://www.nbr-bd.org/
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Procedure 6 |
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Procedure Name |
Open a Bank Account |
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Responsible Agency |
Bank |
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Process Step |
In order to register for VAT, the company must first open a bank account. Applicant will communicate to the concerned Bank to know detail procedures then apply to open a Bank account |
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Time |
1 day (simultaneous with previous procedure) |
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Fee |
Usually no charge |
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Contact |
Entrepreneur can communicate with any any public or private bank
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Procedure 7 |
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Procedure Name |
VAT Registration |
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Responsible Agency |
National Board of Revenue (NBR) |
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Legal Basis of the Registration |
The Value Added Tax Act, 1991
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Process Step |
Step 1: Collecting prescribed application form from the NBR Zonal Office or NBR website Step 2: Submitting filled in application form with supporting documents to the Zonal Office Step 3: Verifying the documents by NBR officials Step 4: Physical inspection of the business premises Step 5: Obtaining a VAT Registration Certificate
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Process Map |
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Required Document |
1. Fill-up an application form 2. Enterprise Trade License. 3. Bank Solvency Certificate. 4. Owners 02 photograph 5. National ID/Passport copy of owners. 6. IRC/ERC if enterprise dong import and Export Business 7. Article & Memorandum of Association (if enterprise is Limited Company.) 8. TIN Certificate 9. Location map of Enterprise premises 10. Copy of BOI Registration 11. Deed of Agreement |
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Time |
1-2 Working day |
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Fee |
No Charge |
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Contact |
National Board of Revenue (NBR) Segun Bagicha, Dhaka-1000 Phone: +88-02-9358223 Website: http://www.nbr-bd.org/
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Procedure 8 |
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Procedure Name |
Obtain a Trade License |
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Legal Basis of the License |
1. Dhaka City Corporatin Ordinace - 1983 2. Municipal Taxation Rules – 1986 |
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Responsible Agency |
City Corporation/ Municipal Corporation/ Union Parishad |
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Process Step |
Step 1: Collecting prescribed application form from the City Corporation/ Municipal Corporation/ Union Parishad’s Zonal Office or Website Step 2: Submitting filled in application form with supporting documents to the converned section Step 3: Inspection by the Licensing Supervisor Step 4: Depositing required fees at the concerned office Step 5: Obtaining Trade License form the City Corporation/ Municipal Corporation/ Union Parishad office
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Process Map |
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Required Document |
1. Application Form 2. National ID Card of the Entrepreneur 3. Holding Tax Payment receipt 4. Recent Passport Size Picture of the Entrepreneur 5. Declaration of non –Judicial stamp to abide by the rules & regulation of City Corporation & Municipal Corporation 6. A certified copy of the memorandum and articles of association 7. A copy of the certificate of incorporation 8. Agreement of Parthership 9. Tax Identification Number certificate 10. A copy of the lease agreement of the registered office 11. Work Permit from Board of Investment 12. Statement of Bank Solvency |
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Time |
7 days |
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Fee |
Application Fee: BDT 10.00 License Fee: Ranges from BDT 1000-20000 which depends on the nature /type of the business (Informatin can be collected form City Corporation/ Municipal Corporation/ Union Parishad) For Limited company, License fee is determined on the basis of paid up capital. |
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Contact |
City Corporation, Municipal Corporation & Union Parishad Office For Dhaka City |
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Dhaka South City Corporation (DSCC) Nagar Bhaban, Fulbaria, Dhaka-1000 Phone:- +8802 9563504, +8802 9563506 Email: administrator@dhakacity.org Website: http://www.dhakasouthcity.gov.bd/ |
Dhaka North City Corporation (DNCC) Nagar Bhaban, House # 81, Gulshan, Dhaka 1212 Phone: +88-02-9896111 Fax: +88-02-9894391 Email: cro@dncc.gov.bd Website: http://www.dncc.gov.bd
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Procedure 9 |
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Procedure Name |
Registration with Board of Investment (BOI) |
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Legal Basis of the Registration |
The Investment Board Act-1989 |
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Responsible Agency |
Board of Investment (BOI) |
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Process Step |
Step 1: Collecting a local investment registration form from Registration & Investment Division of BOI Step 2: Depositing the Registration fee, as per Fee schedule from any scheduled bank in favor of Executive Chairman and Member Secretary of BOI and collects a pay order/bank order Step 3: Submitting filled in application form with supporting documents to the converned section Step 4: BOI reviews the application and documents Step 5: If the application is approved, then Regisrtation Certificate will be issued
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Process Map |
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Required Document |
1. Application in prescribed form duly filled in 2. Trade License 3. Certificate of Incorporatin along with Memorandum of Association (MOA) and Articles of Association (AOA) in case of company 4. Partnership Deeds 5. Deeds of the proposed land 6. If the total project cost exceeds BDT 100 million, then project profile 7. Background of the proprietors in officials letter head pad describing Name, Permanent and Mailing Address, Designation & Nationality) 8. Pay Order/Bank Order for applicable registration fee in favor of Executive Chairman and Member Secretary of BOI 9. TIN Certificate |
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Time |
15-30 working days
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Fee
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Contact |
Board of Investment Prime Minister’s Office Jiban Bima Tower (19th Floor) 10 Dilkusha C/A, Dhaka-1000, Bangladesh PABX: +880 2 957 7271-2, Fax: +880 2 956 2312 Email : service@boi.gov.bd, Website : www.boi.gov.bd |