Now an importer having Import Registration Certificate (IRC) and an Exporter having Export Registration Certificate (ERC) can Import & Export any permissible item without any value and quantity restrictions and without obtaining any permission from any authority.

Procedure for issuance of Import Registration Certificate and Export Registration Certificate has been simplified. It requires only the following documents:

1. Trade Licence;

2. Membership Certificate from recognized Chamber/Trade Association;

3. Tax Identification Number;

4. Bank Certificate;

5. Memorandum and Articles of Association and Certificate of Incorporation (in case of Limited Company).

The steps for the registration or formation of a Private Company limited by shares in Bangladesh are detailed below:-

Name Clearance | Company Incorporation in Bangladesh: It is an online process where the applicant has to make an application for name clearance. A nominal amount has to be deposited into the bank prescribed by the RJSC website. The name clearance is valid for 180 days and it is recommended that the company incorporation in Bangladesh is formed within this time, otherwise a new name clearance will have to be conducted.

Now an importer having Import Registration Certificate (IRC) and an Exporter having Export Registration Certificate (ERC) can Import & Export any permissible item without any value and quantity restrictions and without obtaining any permission from any authority.

Procedure for issuance of Import Registration Certificate and Export Registration Certificate has been simplified. It requires only the following documents:

(i)Trade Licence; (ii)Membership Certificate from recognized Chamber/Trade Association; (iii)Tax Identification Number; (iv)Bank Certificate; (v)Memorandum and Articles of Association and Certificate of Incorporation (in case of Limited Company).

On submission of the above documents, we issue IRC/ERC within three hours, i.e. within the same day.

The importers have been classified into 6 (six) categories on the basis of their value ceiling of overall annual import. The initial categorywise registration fees and annual renewal fees are as under: