All industrial enterprises in Bangladesh are required to be registered with Bangladesh Investment Development Authority (BIDA). BIDA registration allows an entity to obtain essential licenses and permits to explore various industrial sectors. The registration process requires submission of supporting documents according to the requirement of BIDA and there is a slight difference on documentation requirement depending on the nature of the investment of the company.
An online application along with original copies of the following documents need to be submitted and this application is subject to approval by an inter-ministerial committee of BIDA:
Required Documents 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
ACE Advisory is one of the leading professional service firms in Bangladesh and can assist clients in obtain BIDA registrations.
Written by – Zahid Hasan
Date – 14 May 2022
