Author: corp

How to verify in Bangladesh who owns a property Verifying the property’s ownership is essential before purchasing any real estate in Bangladesh. Property ownership disputes are a typical occurrence in Bangladesh. Property-related documents are easily falsified and untrustworthy. Anyone who purchases real estate without exercising caution runs the risk of running into issues later on,…

How to do Property transfer in Bangladesh The Transfer of Property Act 1882 governs property transfers in Bangladesh. In this act, “to transfer property” refers to carrying out an act whereby a living person conveys property, either now or in the future, to one or more other living persons, to himself, or to himself and…

HOW TO OPEN A BUYING HOUSE IN BANGLADESH How to Start a Bangladeshi Buying House Clothing Purchasing House is becoming a crucial component of Bangladesh’s apparel industry. You may learn how to establish a buying house in Bangladesh by reading this post. Foreign purchasers occasionally do not place orders directly with clothing factories. They decided…

License and Approval in Bangladesh We have developed a list of the most often necessary licenses/approvals/permits/certificates for conducting business in Bangladesh. Please keep in mind that there are additional licenses, approvals, and permits that are not included here. Unless you run your firm as a sole proprietorship, you must first register as a Partnership or…

How to get a Trade License in Bangladesh A trade license is issued in accordance with the local government’s taxation rules. It is issued by the local governments in the relevant areas. Every business should get a Trade License from the local government in which it operates. Banks in Bangladesh typically refuse to enable a…

Winding up of a company in Bangladesh in 2024 In Bangladesh, the winding up of a company may be either – Voluntary winding up is usually undertaken by solvent companies, except in the case of creditor’s voluntary winding up. Below we have described the process of voluntary winding up by passing a special resolution. PROCEDURE…

NBFI can invest in the Alternative Investment Fund – Bangladesh Bank. April 5, 2016. Non-banking financial institutions (FI) can now invest in non-listed special purpose funds registered with the Bangladesh Securities and Exchange Commission (BSEC), such as Alternative Investment Funds, Special Purpose Vehicles, and other similar funds. Bangladesh Bank approves such investments under DFIM Circular…

NBFIs allowed to hold meetings via video conference with BB approval Non-Banking Financial Institution can now hold board meeting, executive committee meeting or audit committee meeting through video conference if necessary while their chairman or any director are staying outside Bangladesh. However, they must obtain prior approval of Bangladesh Bank. Bangladesh Bank through a circular being…

Economic zones are exempt from the BOI and Local Government Tax. April 28, 2016. All economic zones in Bangladesh, as well as any organizations incorporated within them, are immune from Board of Investment restrictions. They are also free from the Local Government Tax (Pourosova). On April 25, 2016, the Bangladesh government announced two gazettes in…

Monetary jurisdiction of the lower courts enhanced. MAY 21, 2016 On May 12, 2016, Bangladesh’s parliament enacted the “Civil Courts (Amendment) Act, 2016”. It will modify the Civil Courts Act of 1887. It will broaden the monetary jurisdiction of lower court judges. According to the modification, district judges would hear civil lawsuits with a suit…