S & F Consulting Firm Limited: Global company registration consultancy firm

Procedure of foreign company registration (subsidiary, limited liability) and complete business
setup as foreign investment rules of Bangladesh are discussed step by step:

First phase:

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1. Name clearance of the business

2. Prepare Memorandum & Article of Association

3. Prepare a board meeting resolution between promoters (as attachment file)

4. Remit an amount to your bank account (temporary bank account) as encashment which is part
of paid up (investment) capital

5. Obtain individual income Tax certificate (TIN-Tax identification number) showing your original
passport to the National Board of Revenue, http://www.nbr.gov.bd

6. Company Incorporation (from Registrar of Joint Stock Companies and Firms,

http://www.roc.gov.bd:7781 )

7. Obtain Trade License from City Corporation

8. Apply for Income Tax Certificate of the business (as company name)

9. Apply for VAT (Value Added Tax) certificate

10. Open Bank account

Second Phase:

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 S & F Consulting Firm Limited: Global company registration consultancy firm
11. Apply for Fire License (optional)

12. Get membership from Chamber of Commerce/ BGMEA/ BKMEA or recognized chamber of
commerce

13. Apply for Export and Import License

Third Phase:

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14. Apply for visa (http://www.sfconsultingbd.com/asia/bangladesh-foreign-company-registration-

formation/bangladesh-work-permit-and-visa/ )

15. Apply for work permit to BOI (Board of investment, http://www.boi.gov.bd )

16. Advertisement to daily news paper for hiring man power of the company

17. Submit all academic certificate and experience letter to BOI in case of hiring foreign
employees and publish the vacancy posts to daily newspaper of Bangladesh

18. Attach remittance certificate to BOI amounting USD 50,000 as enclosed

19. Take clearance from Police department, National Security Intelligence and Home ministry for
work permit in Bangladesh

20. Foreign employment ratio is 1:5 mean in case of hiring one foreign five local man power have
to be ensured, http://www.sfconsultingbd.com/asia/bangladesh-foreign-company-registration-
formation/faq/

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S & F Consulting Firm Limited: Global company registration consultancy firm

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