RECQUIRED RETURNS AND ANNUAL RENEWALS OF LICENSES FOR COMPANIES WITH FOREIGN INVESTMENT IN BANGLADESH
Bangladesh is a very safe and convenient country for foreign investment. Investment can be made in almost all the sectors and 100% foreign ownership is allowed. Bangladesh government also allows 100% repatriation of equity and profit of the foreign investors. The foreign investors through their companies need to file the below returns:-
- FDI Returns: Any company which has foreign share holder needs to file FDI return to the central bank of Bangladesh, Bangladesh Bank. This return is required to be filed quarterly.
- VAT Return: All the businesses in Bangladesh who are selling product or services are required to file monthly VAT return.
- Annual Income TAX Return: Companies in Bangladesh need to file their income TAX return annually. Income TAX return of the company needs to be submitted with a verified book of account prepared by any registered chartered account.
- RJSC Return: A return to be file to RJSC specifying the latest share holding of the company and profit and loss of the company. Apart from this there are license that required annually from relevant city corporation. The IRC and ERC along with chamber membership are also required to be renewed annually.