Prothoma Consultancy — Tax, VAT, ERP & Training+8801875 174417   |   subrosumon@gmail.com

Business Solutions

As a consultancy, we provide comprehensive business solutions for City Corporation, RJSC, and BIDA-related matters, guiding clients through the entire business lifecycle—from incorporation and regulatory approvals to ongoing compliance and strategic advisory.

Service Overview

Service Category Key Services Relevant Authority
Business Setup & Incorporation Name clearance, company registration (Private Limited, Branch Office, etc.), and document drafting such as Memorandum of Association (MoA) and Articles of Association (AoA). Registrar of Joint Stock Companies and Firms (RJSC)
Regulatory Approvals & Licensing Trade license acquisition, BIDA registration for foreign companies, and sector-specific No Objection Certificates (NOCs). City Corporation, Bangladesh Investment Development Authority (BIDA)
Compliance & Post-Incorporation RJSC annual returns, share and charge filings, TIN/VAT registration, and corporate governance support. RJSC, National Board of Revenue (NBR), City Corporation
Advisory & Specialized Services Foreign investment structuring, joint ventures, incentives advisory, and corporate restructuring. BIDA, Bangladesh Bank

Detailed Service Breakdown

1. Business Setup & Incorporation (RJSC)

This foundational service ensures the legal establishment of a business entity in Bangladesh.

Entity Selection

Advising on the optimal business structure, such as a Private Limited Company, Branch Office, or Liaison Office, based on the client's goals and requirements under the Companies Act 1994.

Name Clearance

Assisting with the application and securing of name clearance from RJSC.

Documentation & Filing

Drafting the Memorandum and Articles of Association (MoA & AoA) and all necessary forms, such as Form IX and Form XII, for submission to RJSC. This also includes arranging payment of applicable stamp duty and registration fees.

Bank Account Opening

Facilitating the opening of a provisional corporate bank account, which is a prerequisite for incorporation, particularly for foreign investors who require an Encashment Certificate.

2. Regulatory Approvals & Licensing (City Corporation & BIDA)

Beyond incorporation, businesses require various operational licenses and regulatory approvals to conduct their activities lawfully.

Trade License

Assisting with obtaining the trade license from the relevant City Corporation, a mandatory requirement for operating a business.

BIDA Approvals

Securing approvals from the Bangladesh Investment Development Authority (BIDA), which are essential for foreign investment and for availing various government incentives. This includes registration and post-incorporation formalities.

Visa & Work Permit

Assisting expatriate staff with work permit and visa processing.

3. Compliance & Post-Incorporation (RJSC, NBR, City Corporation)

Ongoing regulatory compliance is critical for avoiding penalties and maintaining a company's good standing.

Annual Filing

Managing the filing of annual returns and financial statements with RJSC.

Statutory Changes

Handling filings for changes in the company's structure, including increases in authorized capital (Form IV), share transfers (Form 117), and changes in directors.

Tax & VAT Registration

Assisting with obtaining Tax Identification Number (TIN) and VAT/BIN registration from the National Board of Revenue (NBR).

Corporate Governance

Advising on board meetings, maintaining statutory registers, and ensuring adherence to corporate governance best practices.

4. Advisory & Specialized Services (BIDA & Others)

These services provide strategic value beyond basic regulatory compliance.

Foreign Investment Structuring

Advising on the optimal structure for inbound investment, including compliance with foreign exchange regulations and profit repatriation requirements.

Market Entry Strategy

Providing market analysis and feasibility studies for foreign investors looking to enter the Bangladesh market.

Joint Venture & Partnership

Assisting in structuring and documenting joint ventures and partnerships.

Corporate Restructuring

Advising on the tax and legal implications of mergers, demergers, and acquisitions.

Digital Service Facilitation

Guiding clients on using the BIDA One Stop Service (OSS) portal for services such as trade licenses, bank account opening, and other relevant regulatory services.

Complete Business Lifecycle Support

Our Business Solutions are designed to provide end-to-end support, helping clients establish, operate, maintain, and strategically develop their businesses while meeting applicable regulatory and compliance requirements in Bangladesh.

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