Friday, September 06, 2013

Visa & Work permit

S & F CONSULTING FIRM LIMITED
www.sfconsultingbd.com
Email : info@sfconsultingbd.com
Mobile: +880 01914444795



Foreign national can enter and work in Bangladesh in the subsidiary of a foreign company (irrespective of whether 100% foreign owned or a joint venture), in a liaison or branch office or in any Bangladeshi company.

PI or E Type Visa
Documents
 Papers/documents needed for recommendation of PI or E type visa application in favour of the expatriate(s) to be employed in Branch/Liaison Office and other Private and Public Enterprise
  1. Copy of the permission letter for Branch/Liaison Office if not submitted earlier
  2. Board resolution for employment of foreign nation(s) mentioning salary & other benefit.
  3. Passport size photographs of the expatriate(s)
  4. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  5. Photocopy of passport.
  6. Service contract/agreement or appointment letter in case of employee.
  7. Certificates of all academic professional & experience for employees.
  8. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  9. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  10. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
 Note:    All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.  
Work Permit
Documents
 The following papers/documents are required for New Work Permit in favour of the expatriate (s) employment in Branch/Liaison Office and other private Public Enterprise  
  1. Attested copy of the permission letter for Brach/Liaison Office/Company.
  2. Commercial Enterprise from the appropriate authority, if not submitted earlier
  3. Application in prescribed form along with passport size photographs of the expatriate(s) attested by the Managing Director/Managing Partner/Proprietor/appropriate authority.
  4. Board resolution regarding employment of foreign national(s) including salary & other benefit to be provided.
  5. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  6. Attested photocopy of passport with arrival stamp ‘E’ type visa for employee and ‘PI’ type visa for investors.
  7. Attested copy of service contract/agreement and appointment letter in case of employee
  8. Attested copies of all academic, professional & experience certificate for employee.
  9. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  10. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  11. Encashment certificate of inward remittance in favour of Liaison/Branch office for the last 2 years.
  12. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
  13. Up-to-date income tax certificate for branch office locally incorporated companies in Bangladesh.

Note:    All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.  
Read More »

Required License to set up foreign company in Bangladesh

S & F CONSULTING FIRM LIMITED
www.sfconsultingbd.com
Email: info@sfconsultingbd.com
Mobile: +880 01914444795





Industrial Registration Application
Application for BOI Industrial Registration with following supporting documents:
a. Project Profile
b. MOA
c. AOA
d. Land Information & Document
e. Machinery Details
f. Financing sources
g. TIN
h. IRC
i) ERC
j) BOI Recommendation Letter (for Visa)
k) Visa Application
l) Work permit
m) Environment Certificate
n) Social Compliance
Business Licenses are required
1 . Approval of Factory Plan
2 . Bonded Warehouse License Customs Bond Commissionerate (CBC)
3 . Certificate of Incorporation
4 . Environmental Clearance Certificate Department of Environment (DOE) http://www.doe-bd.org/
5 . Export Registration Certificate (ERC)
6 . Fire License Fire Service and Civil Defense (FS&CD)
7.  Import Registration Certificate (IRC)- Office of the Chief Controller of Imports & Exports (CCI&E)
8 . Registration of Foreign Investment/ Joint Venture- Board of Investment (BOI)
9 . Registration of Local Investment Projects - Board of Investment (BOI)
10 . Tax Holiday Certificate National Board of Revenue (NBR)
11 . Tax Identification Number (TIN) National Board of Revenue (NBR)
12 . Trade License for a Commercial Firm-  Dhaka City Corporation
13 . Trade License for a Manufacturing Firm - Dhaka City Corporation
14 . Trade Marks Registration - Department of Patents, Designs & Trademarks (DPDT)
15.  VAT Registration National Board of Revenue (NBR)


Read More »

Foreign Company Formation in Bangladesh

Company Formation in Bangladesh

Company is formed as limited liability, limited by guarantee, private limited or public limited company. Foreign company's branch office is registered also by the permission of BOI, Board of Investment, Bangladesh.


How to register a limited liability company? A limited liability company is registered or incorporated by the registrar office, RJSC, Bangladesh. How many partners are required to form a new company? There are at least two partners required to incorporate a new company as Company Act 1994.

What is the procedure of registering or incorporation a pvt limited company? Registering a pvt limited company there are two partners required and both partners shall be containing age of 18 (eighteen) years. Both of them can be Bangladeshi or foreigner or may both. How long time may require to complete a company incorporation? To complete a pvt limited company there shall need 30 days to 90 days in total, but the time can be extended more. 

How much capital is required to register or incorporate a new company in Bangladesh? Company can be formed by Taka 100 to below 50 lac (5 millions) in case of pvt limited company. Total cost to formation of a new company can be calculated US$ 1999 to US$ 6000, depend upon type of company and number of permission.
To know detail is requested to visit: Company registration procedure in Bangladesh 

Read More »