Doing Service Nationally
WHAT WE DO
BG offers in serving the national corporate business in versatile sectors
TAX Management
A core activity of any sustainable business our experts serve in professionally link. tax involves financial analysis and decision-making while proactively controlling your organisation's tax position .
VAT Management
VAT services to help companies navigate the complex regulations and compliance requirements. A tactful Vat team player gives you a great business opportunity from NBR unexpected vat imposing matter.
Customs Duty
Customs duty, also known as a tariff, Oct 12, 2021. Customs Duty (CD) presents is a tax levied on goods when they cross international borders, serving to protect a country's economy and industries.
Secretariat & other Compliance
BG Corporate secretarial and compliance roles are key in most jurisdictions and local regulations are often complex and challenging. Our corporate secretarial services ensure that you can avoid maintaining an expensive secretarial team in your local office and be sheltered from the associated compliance risks.
We are here to ensure our global clients that their local operations are compliant with statutory company secretarial and other associated compliance obligations at the Registrar of Joint Stock Companies and Firms (RJSC), Bangladesh Investment Development Authority (BIDA), City Corporation (CC), IRC, ERC, Patent Marks, Trade Marks, Environment, Fire, BSTI license and any other relevant authority license.
Helping you incorporate an entity in Bangladesh
BG’s team of company specialists can assist global businesses to quickly and cost-effectively incorporate a company in Bangladesh. Our pre-incorporation PEO solution also allows you to hire team members overseas whilst waiting for your entity to be established.
National Business Link
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www.nbr.gov.bdwww.nbr.gov.bd
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www.vat.gov.bdwww.vat.gov.bd
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www.roc.gov.bdwww.roc.gov.bd
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www.ccie.gov.bdwww.ccie.gov.bd
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www.bsti.gov.bdwww.bsti.gov.bd
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www.bida.gov.bdwww.bida.gov.bd
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www.bepza.gov.bdwww.bepza.gov.bd
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www.fbcci.orgwww.fbcci.org
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www.dpdt.gov.bdwww.dpdt.gov.bd
Pre-Incorporation with PEO
Our PEO services let you begin operating in Bangladesh immediately, while waiting for your entity to be incorporated.
Pre-Incorporation Advisory Services
Our team of professionals can help you decide what form of a local entity is best suited to your needs and we are here to explain all options to you while highlighting associated risks. Additionally, we regularly advise international investors on the optimum corporate structure for their company set up in Bangladesh.
Company Incorporation in Bangladesh
Our team of in-country experts work alongside local governments to handle the bulk of the incorporation process in Bangladesh. This saves you valuable time and money.
Bank Account Opening Assistance in Bangladesh
We have established working relationships and partnerships with the major international and local banks in Bangladesh and our experts can guide you through the complex KYC and documentation requirements.
Mandatory Registrations in Bangladesh
We are able to advise and assist clients in obtaining all other mandatory registrations that an entity requires to operate in Bangladesh.
Complete Corporate Compliance
We specialize in providing full outsourced compliance services to ensure your local entity remains complaint.
The different entity options available in Bangladesh are:
Sole Proprietorship
A sole proprietorship business in Bangladesh can be started and conducted using only a trade license and does not constitute a separate legal entity therefore it is not distinct from the owner/proprietor. A sole proprietorship does not provide limited liability protection and owner’s personal assets are not protected from business risks.
Partnership Firm
A partnership is a business structure where two or more partners start an entity to do business together. A partnership firm is formed under the Partnership Act, 1932. A partnership firm does not provide limited liability protection and partner’s personal assets are not protected from business risks.
Limited Company
There are two types of limited liability companies available under the Companies Act, 1994 in Bangladesh:
- Private Limited Company – This is the most preferred form of business entity. There is no minimum paid up capital required but there needs to be a minimum of 2 shareholders and 2 directors. Bangladesh laws allow 100% foreign ownership (except for reserved industries) and there is no requirement for local directors.
- Public Limited Company – This is usually used for a larger set up with view of potential public listing in the future. The requirements are similar to that of a private limited company with the exception of a minimum of 7 shareholders and 3 directors of any nationality.
Local Office of Foreign Entity
There are three options, Branch Office, Representative Office or Liaison Office in Bangladesh. There is minimal distinction between the three options with the primary difference being that a Branch Office is allowed to obtain waiver for restrictions on local commercial operations while the other two are restricted from such activities.