A.Road Map to Investment in Bangladesh for Chinese enterprises (One belt one road dream project)
The Bangladesh China Chamber of Commerce & Industry (BCCCI) responsible for promoting business opportunities in Bangladesh to Chinese investors everywhere. We are here to facilitate the process from first inquiry through registration to implementation and beyond. We can do the following for you:
Help with information needed as per your business area.
To advise your company the best location for your business.
Introduce you to the most relevant organizations, government and agencies.
Help you with registration process and legal support in Bangladesh.
The chart below shows the five basic steps you will probably need to go through to start your business in Bangladesh.
Step 1. Information Searches and Registration
BCCCI with the help of other government agencies and professional associations needed as per your requirement.
Step 2. A Fact-Finding Visit
Make a physical verification of your researches by visiting Bangladesh. Make your own travel arrangements or let BCCCI arrange things for you and benefit from our extensive Service.
We provide support for business travellers who may request a visa for limited or multiple entries in collaboration with BIDA. BCCCI or the Bangladesh diplomatic mission in your country can advise you on this.
Counseling. On arrival investors can take advantage of in-depth BCCCI & BCCCI counseling. Professional investment and business counselors can offer advice and practical assistance over the phone, via email or fax or, best of all, at a personal meeting in the BCCCI offices here in Dhaka.
Step 3. Getting Started
You will need to set up an appropriate company structure. By this stage you will know if you are going to operate as a branch/liaison representative office or if you will be establishing an industrial project. This is relevant to the type of business structure you will then need to form.
Incorporation. Business in Bangladesh can be carried out by a company formed and incorporated locally or by a company incorporated abroad but registered in Bangladesh; BCCCI can provide you all the support for that.
The incorporation or registration is done by the Registrar of Joint Stock Companies and Firms (RJSC&F). We can provide you all necessary legal support.
Your Chinese Company may be private or public limited companies or unlimited companies. In establishing a place of business of a foreign company, the company has to be registered with the RJSC&F as the place of business. Such registration is required in respect of capital issue and obtaining clearance from the Bangladesh Bank with BCCCI support.
To open or extend a branch/liaison representative office of a foreign company, the company has to apply to the BIDA and BCCCI can provide you the necessary support for that.
Step 4. Business/Plant Set-up help we can provide you with the support of BIDA
BCCCI can help with the following:
Obtaining industrial plots in private sectors.
Approval of foreign loans, supplier’s credit, PAYE schemes etc. with collaboration with BIDA.
Obtaining utility connections: water, gas, electricity, phones.
Registration for certification for importing raw materials.
Work permits for foreign nationals and key staff.
Registration with the Factories Act which regulates work conditions.
Registration with environmental legislation.
Remittance of royalty, technical know how to and technical assistance fees.
Step 5. Commercial Operation
After starting commercial operations BCCCI will be following up with what you need subsequently.
Investors need to a submit half-yearly performance report to the BIDA on production and employment in their projects. Any changes to the information provided in the registration should be indicated to the BIDA. We can provide you complete support from start to end to prepare the require report and submit to proper authorities.