How to hire the best lawyers to start your export and Import business in Bangladesh

Trade Lawyers in Bangladesh handle issues pertaining to Trade as it occurs between entities within an economy or across economies. The scope and definition of commerce in Bangladesh can be quite expansive. It can range from a retailer’s enterprise to a multinational corporation. It may include a company, a partnership, or a sole proprietorship that is conducting a particular business.

The Business Entity Types and Forms Permitted to Conduct Trade Businesses in Bangladesh

Typically, sole proprietorships are the simplest form of business organization. Obtaining a Trade License is sufficient to launch a sole proprietorship. The number of business associates in a partnership in Bangladesh can range between two and twenty. Partnerships can be formed by registering with the Registrar of Joint Stock Companies an agreement defining the rights and ownership of the partners.

Company may be established as either a public or private limited company. Private limited companies have a fixed list of shareholders, whereas public limited companies have the option of selling shares to raise capital from the general public. The process begins with the Name Clearance Certificate, followed by the local shareholders submitting the manuscript of their Articles and Memorandum of Association along with the other required identity documents and submitting the same to RJSC for company registration. Foreign shareholders who have the option of full ownership in the company are required to have a bank account with their portion of the capital documented by an encashment certificate, along with the other required documents. If a foreign company wishes to conduct business in Bangladesh without founding a company, they have two options: a Branch Office or a Liaison Office with the same name as the parent company. Branch offices are permitted to conduct commercial activities. Liaison Offices can only be established for the purpose of maintaining ties and cannot generate income locally.

Services offered by any reputed Corporate law firm in Bangladesh

The National Board of Revenue requires certain registrations for tax purposes, including the Tax Identification Number (TIN) and Value-Added Tax (VAT). In addition, some licenses depend on the requirements of a specific industry. For example, for export and import business, an entity must submit to the Office of the Chief Controller of Imports and Exports (CCI&E) for an Import Registration Certificate (IRC) and/or an Export Registration Certificate (ERC). Certain enterprises are required to possess particular licenses. For instance, if a company wished to conduct business in the Telecommunications Sector, the Bangladesh Telecommunication Regulatory Commission (BTRC) would issue the necessary licenses. If this trading company operates as a factory, the respective authorities would also require a Factory license, Fire License, and Environmental Clearance Certificate.

All business and transactions are conducted through a written or verbal contract, so contract law plays a significant role. The Trading industry is also highly dependent on banks, as the majority of transactions occur through banking systems. Companies require accounts for general transactions, salary accounts, foreign investor encashment certificates, etc. Some businesses obtain cash credit loans from banks, while a large number of businesses obtain small- to medium-sized business loans secured by collateral. Additionally, there are loans secured by mortgages. Additionally, some of these loans are obtained from nonbanking financial institutions. Banks also provide large loans to companies and sometimes the government for the implementation of various initiatives. Foreign exchange regulations also play a significant role in the context of certain cross-border transactions for commercial purposes. Default on a loan or a halted payment on a letter of credit frequently results in legal complications. Money laundering, which can occur through illegal international transactions, is a major concern that banks consider very seriously.

Labor law issues are prominent in the trading industry. It can give rise to a plethora of legal issues, including wages and absences, benefits, employment contracts, appointment letters, gratuity, and provident funds, among others. According to Bangladesh’s labor laws, compliance with working hours, number of leaves, all employment benefits, termination benefits, trade union issues, and employees’ welfare mat ters is required.  Due to the expansion of these businesses, Bangladesh is also home to a large number of foreign workers who require work permits to remain in the country. All of these legal dilemmas can be resolved with the appropriate legal assistance.

Bangladesh’s Tahmidur Rahman Associates is a highly regarded international law firm in Dhaka with expertise in M&A, tax, and compliance matters. In addition to providing regulatory guidance for banking and finance, the team facilitates with joint ventures, liquidations, and corporate restructuring. The team’s key areas of expertise include consumer goods, technology, and pharmaceuticals. It routinely represents domestic corporations and banks and has extensive experience assisting multinational corporations with local regulations and business operations. Among the notable clients that the firm advises are Marico, the Federation of Bangladesh Chambers of Commerce and Industry, and Visa.

Barrister Tahmidur Rahman, who is widely regarded as the most prominent counsel in Bangladesh, maintains a prominent corporate law practice in Bangladesh, providing a comprehensive range of services to both domestic and international clients. In addition to M&A, corporate governance, tax, and IP, the firm has experience assisting businesses in Bangladesh with employment issues. The team has extensive knowledge of the technology industry, including fledgling companies. Additionally, the team provides counsel on loan restructuring, financial regulations, and fundraising. The company’s most important clients include Asian Age Enterprise, Omicon Tech Ventures, and ROOTS Edutech.

ATAHMIDUR RAHMAN REMURA WAHID Associates, the Leading Law Firm in Bangladesh, and the Work of Bangladesh Trade Lawyers

TAHMIDUR RAHMAN REMURA WAHID is a full-service law firm that provides Trading businesses with all forms of legal solutions. TAHMIDUR RAHMAN REMURA WAHID can assist with incorporation of company, obtaining Trade License, I.R.C, E.R.C, VAT, TIN, etc., as well as any form of drafting related to such work, such as Articles and Memorandum of Association, etc.

The TAHMIDUR RAHMAN REMURA WAHID team also specializes in labor issues, such as termination, compensation, wages, trade union issues, and workers’ welfare issues, among others. TAHMIDUR RAHMAN REMURA WAHID’s legal team is comprised of outstanding attorneys who can effectively represent any aggrieved party in the Bangladeshi court system and outside of court for any alternative dispute resolution.

TAHMIDUR RAHMAN REMURA WAHID is also proficient in immigration matters pertaining to expatriates and offers assistance in obtaining E-visas, FE visas, and work permits. Regarding their expatriates, TAHMIDUR RAHMAN REMURA WAHID collaborates with some of the largest companies, both domestic and international. In addition, TAHMIDUR RAHMAN REMURA WAHID has an entire division devoted to financial and tax matters that can handle all tax-related issues, payroll, etc.

TRW as a International Trade and Customs Legal Consulting Firm in Bangladesh

The practice of international trade and customs law is steeped in the traditions of the international law firm TAHMIDUR RAHMAN REMURA WAHID Legal and Associates, Bangladesh Legal Consulting firm, and has years of experience advising on intergovernmental trade agreements and customs matters.

We advise participants in international economic activity on matters pertaining to interaction with customs authorities, development of strategies for organizing the import of goods for domestic consumption, export, processing, temporary importation, and other customs procedures, taking into account the application of customs clearance benefits, control, and payment of customs payments. Due to our market standing, as well as our successful representation of Bank, we are frequently contacted to represent clients’ interests in disputes with customs authorities.

Legal assistance from Tahmidur Rahman:

Anti-dumping and countervailing investigations and protective measures; risk assessment of an anti-dumping investigation against client goods in foreign jurisdictions; representing clients in anti-dumping and defense investigations abroad; exempting client products from anti-dumping duties; contesting the results of trade investigations through administrative and judicial procedures; development of global customs strategies, including product exemptions; and development of global customs strategies, including product exemptions.

verification of compliance of trade operations with international principles and regulations, including export (re-export) control and trade sanctions; analysis and advice on WTO agreements, multilateral and bilateral agreements, including analysis of antitrust strategies, as well as recommendations on issues of WTO accession; development of exclusive distribution agreements in the context of “parallel import” issues, antitrust requirements, etc.

Tahmidur Remura Wahid International law firm in Bangladesh

Tahmidur Remura Wahid is a leading international law firm in Bangladesh that serves as a trusted counsel to corporations, financial institutions, and governments around the world, with tremendous depth and breadth of resources spanning three continents.

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