Bangladesh exports more than hundreds products and services to most of the countries in the world. The main exporting products are Readymade Garments, Leather and Leather Goods, Frozen Foods, Jute and Jute Goods etc. The main buyers of Bangladesh are USA, EU Countries and Canada. There are plenty of scopes to start a profitable export oriented business in Bangladesh.
Anybody who has a trade license can start export business. In this regard he has to collect Export Registration Certificate (ERC) from the Chief Controller of Import and Export (CCI&E), the solitary power to issuing the license.
For Export Registration Certificate need to renewed each fiscal year by paying required fees. To collect ERC generally following documents should be submit with the application:
Import Registration Certificate (IRC)
Bangladesh is called an emerging tiger in South Asia. Trade and business in Bangladesh is growing very fast. More than 60% of its trade has taken globally. There are many opportunity to start business in Bangladesh.
To start an import business in Bangladesh is a very simple course of action. If you want to import goods from foreign countries, you have to need obtain Import Registration Certificate (IRC). Under the Ministry of Commerce the Chief Controller of Import and Export (CCI&E) is the only power to issuing the Import Registration Certificate.
Each fiscal year Import Registration Certificate should be renewed by paying stipulated fees. For obtaining Import Registration Certificate following documents should be submitted with the application:
Export and Import Registration Certificate
International business has two parts, one is export and another is import. An Exporter needs some useful paper to step by step for starting business , though all papers are not needed for this activities ; some few product needs extra document which is not same all the way .There is a small talk about using papers of Import Registration Certificate(IRC) and Export Registration Certificate(ERC) for running trade .
Trade license is one of the most useful documents of Export & Import Registration Certificate, which is certified someone by the Govt. to do the commercial work otherwise not possible. If the business is a proprietorship, it's owner taking trade license from his place or area , as like, Union council , Municipality or City Corporation.
If the owner is more than one ,there requiring partnership or joint venture agreement to establish company, basically large volume export & import business activities doing here by taking Export & Import Registration Certificate .
TIN (Taxpayer’s Identification Number) is a very important issue in Bangladesh. TIN is a unique number NBR (National Board of Revenue) if apply any body. At present about forty lac TIN Certificate holder in Bangladesh of which only eight lac pay tax.