Compliances for a private limited or subsidiary company in Bangladesh becoming more stringent than ever before. Apart from the annual compliances, there are number of compliances on monthly, quarterly and half-yearly basis as below: Annual Compliances Company Affairs (Companies Act 1994) Statutory auditing; – Holding annual general meeting; – Annual RJSC return filing; Income Tax (Income Tax Ordinance 1984): Filing…
A foreign company must register an entity in Bangladesh before it can commence it business here. If you are looking to incorporate or expand your business to Bangladesh, you may consider the following options. Investor can register one of the below options: Private Limited Private Limited Companies are suitable for individual businesses entrepreneurs that require registration as a private entity.…
A foreign company intending to expand its business to Bangladesh, usually have option either to choose Equity-based entry mode or Non-equity-based entry mode. Incorporating a subsidiary company is considered as Equity-based entry mode and setting up a Branch or Liaison office is called non-equity-based entry mode. Equity-based Entry / Incorporate a Subsidiary: Foreign Investors can register or incorporate a fully-owned…
Though foreign investment and 100% foreign ownership is permitted in general, with a limited industries and business activities which have some restriction for foreign investment in Bangladesh as below: Businesses where 100% Foreign ownership is not permitted Number of business activities mentioned as below where 100% foreign ownership is not allowed: Courier service agent Buying houses and indenting agents Advertising…
Compliances for a Branch Office (with revenue generating activities) almost at the same scale of a subsidiary company Annual Compliances Company Affairs (Companies Act 1994) Statutory auditing Income Tax (Income Tax Ordinance 1984): Filing of annual tax return u/s 75 Filing of annual return of salary TDS statements u/s 108 Filing of annual return of employee annual tax return submission…
How To Register A Private Limited Company In Bangladesh A foreign investor is eligible to register a 100% foreign owned Private Limited Company (PLC) in Bangladesh which is commonly known as FDI company. It is the preferred business arrangement for individual entrepreneurs who want to establish a local company in Bangladesh. Characteristics of a Private Limited Company in Bangladesh It…
Compliances for a Liaison office in Bangladesh is relax compare to a private or a subsidiary company. The compliance of a Branch office without revenue generating activities is same as a Liaison office. Compliances related to a Liaison office are as below: Annual Compliances Company Affairs (Companies Act 1994) Statutory auditing; Income Tax (Income Tax Ordinance 1984): Filing of annual…
How To Register A Subsidiary Company In Bangladesh A corporate foreign investor is eligible to register a subsidiary company in Bangladesh. 100% foreign investment is allowed, it shall also be treated as private limited company. It is one of the preferred market entry business arrangements for corporate investors who want to establish a local company in Bangladesh. Characteristics of a…
How To Register A Liasion Office In Bangladesh A liaison office is suitable for foreign companies that wish to set up an administrative office to explore business opportunities in Bangladesh or coordinate activities on behalf of its parent company. A liaison office does not have any legal status and thus, cannot be engaged in any commercial or revenue yielding activities,…
How To Open A Branch Office In Bangladesh A registered branch office in Bangladesh is an extension of its foreign parent company registered outside of Bangladesh. The status of branch is similar to liaison (representative) office, only exception branch can engage in commercial or revenue generating activities in a limited area with the permission of Bangladesh Development Authority (BIDA) Characteristics…
