This guide will provide you a detailed overview of company registration requirements, procedure, and timeline for registering a private limited company in Bangladesh. Like most other jurisdictions, Bangladesh has a set of initial and ongoing regulatory compliance requirements for starting and … Read More about Company registration in Bangladesh
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Monetary Jurisdiction of the lower courts increased
Bangladesh Parliament on 12 May 2016, passed the “Civil Courts (Amendment) Act, 2016”. It will amend the Civil Courts Act, 1887. It will expand the monetary jurisdiction of lower court judges. According to the amendment, district judges will try civil cases with suit value of Tk. 5 crores instead of existing Tk. 5 lakhs. Assistant judges […]
Economic zones are exempted from BOI and Local Government Tax
All economic zones and all entities established in the economic zone in Bangladesh are exempted from the requirements of Board of Investment. They are also exempted from the taxation of Local Government (Pourosova). Bangladesh government on 25th April 2016 published two gazettes in this regard. Usually, a company is required to obtain certain approval and […]
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 number DIFM Circular No. 05 dated April 18, 2016, introduced […]