Setting Up a Business

5.4. Licensing and Permits

Different industries in Bangladesh require specific licenses and permits. Manufacturing companies need environmental clearances and fire safety approvals. The Bangladesh Bank must license financial institutions. Businesses in the food sector require certification from the Bangladesh Food Safety Authority (BFSA). Export-import companies must obtain an Export Registration Certificate (ERC) or an Import Registration Certificate (IRC). Businesses

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5.2. Registration Requirements and Procedures

Registering a business in Bangladesh involves multiple steps. First, companies must obtain name clearance from the Registrar of Joint Stock Companies and Firms (RJSC). After submitting incorporation documents, businesses must acquire a Tax Identification Number (TIN) from the National Board of Revenue (NBR). Additionally, Value Added Tax (VAT) registration is required for applicable businesses. A

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5.1. Business Structures

Bangladesh offers various business structures, each catering to different needs. A Private Limited Company (LTD) is the most common, requiring at least two shareholders and offering limited liability. A Public Limited Company (PLC) can raise capital from the public and must have at least seven shareholders. A Branch Office allows foreign companies to operate without

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