Starting a business in Bangladesh? One of the first steps you’ll need to take is obtaining registration with the Bangladesh Investment Development Authority (BIDA). This registration is crucial for legally operating your business and tapping into various benefits provided by the government. In this guide, we’ll walk you through the process of obtaining BIDA registration, highlighting key steps, requirements, and tips to ensure a smooth experience.
What is BIDA?
The Bangladesh Investment Development Authority (BIDA) is a government agency responsible for promoting and facilitating investments in Bangladesh. BIDA plays a pivotal role in streamlining the registration process for businesses, providing necessary approvals, and offering various incentives to investors.
Steps to register with BIDA
Step 1: Initial Consultation
Begin by consulting with BIDA officials or authorized agents to understand the specific requirements for your business type. This initial consultation will help you gather all necessary information and documents.
Step 2: Submission of Documents
Submit all required documents to BIDA either online or at their office. Ensure that all information is accurate and complete to avoid any delays.
Step 3: Payment of Fees
Pay the applicable registration fees. The fee structure varies based on the type and scale of the business. Ensure that you get a receipt for all payments made.
Step 4: Application Review
BIDA will review your application and documents. This may involve background checks and verification of the information provided. Be prepared to answer any follow-up questions or provide additional documentation if needed.
Step 5: Approval and Certificate Issuance
Once your application is approved, BIDA will issue a registration certificate. This certificate is a legal document that signifies your business is officially registered and compliant with Bangladeshi laws.
Obtaining BIDA registration is a crucial step for any business looking to establish itself in Bangladesh. By following the outlined steps and ensuring complete and accurate documentation, you can navigate the registration process smoothly and set your business up for success.
BIDA registration requirements for 100% Foreign Investment / Joint Venture
- Forwarding letter by Chairman/Managing Director
- Application in prescribed form of BIDA
- Certificate of Incorporation along with Memorandum & Articles of Association
- Joint venture agreement duly signed by both parties in case of joint venture project
- List of Shareholder/Directors
- Trade License
- E-TIN certificate
- List of machineries local and imported
- Agreement/deed (in case of rental/lease land), ownership document (in case of own land)
- Encashment certificate
- Project profile
- NOC from BSCIC (if applicable)
- NOC from concern Ministry/Directorate/ Department (if applicable)
- In case of power plant, Power Purchase Agreement
Required Documents for Local Investment
- Forwarding letter by Chairman/Managing Director
- Application in prescribed form of BIDA
- Certificate of Incorporation along with Memorandum & Articles of Association
- List of Shareholder/Directors
- Trade License
- E-TIN certificate
- Agreement/deed (in case of rental/lease land), ownership document (in case of own land)
- Project profile in case project exceeds TK 5 crore
- NOC from BSCIC (if applicable)
- NOC from concern Ministry/Directorate/ Department (if applicable)
- In case of power plant, Power Purchase Agreement
FAQ
1. How can I apply for BIDA registration?
To apply for BIDA registration, you need to follow these steps:
- Visit the official BIDA website.
- Create an account or log in if you already have one.
- Fill out the online application form with the required details about your business.
- Upload the necessary documents as specified by BIDA.
- Pay the registration fee through the provided payment methods.
- Submit the application and wait for the approval notification from BIDA.
2. What are required for BIDA registration documents?
The documents required for BIDA registration typically include:
- Completed application BIDA registration form
- Copies of the company’s Memorandum of Association and Articles of Association.
- Certificate of Incorporation.
- Trade License.
- National ID or passport copies of the directors.
- Proof of address for the business.
- Tax Identification Number (TIN) certificate.
- Bank solvency certificate.
3. How long does it take to get BIDA registration approval?
The approval process for BIDA registration usually takes between 10 to 15 working days. However, the exact time frame can vary depending on the completeness of the application and the volume of applications being processed at that time.
4. Can I track the status of my BIDA registration application?
Yes, you can track the status of your BIDA registration application online. After submitting your application, you will receive a tracking number or reference ID. Use this number to log in to your BIDA account and check the status of your application.
5. Is there a BIDA registration fees?
Yes, there is a fee for BIDA registration. The fee amount can vary based on the type and size of your business. Detailed information about the fee structure is available on the BIDA website, and you can make the payment online during the application process
There is a fee for registration with the Bangladesh Investment Development Authority (BIDA):
- Registration fee: The fee ranges from BDT 5,000 to 100,000, depending on the amount of proposed investment.
- Amendment fee: There is a fixed fee of BDT 1,000 for each amendment, plus 15% VAT.
NOTE: CHARGE CAN BE CHANEABLE AS PER GOV. POLICY
