Establishing a proprietorship and partnership business in Bangladesh is very straightforward. The procedure is as follows:
Step 1: Obtain proprietorship & partnership agreement contract.
Step 2: Obtain a TIN certificate from the National Board of Revenue (NBR).
Step 3: Obtain a Trade license.
Step 4: Rent or purchase space for setting up the industry (if applicable).
Step 5: Open a bank account.
Step 6: Obtain BIDA’s registration if the industry is located outside BEZA, BEPZA, BHTPA, and BSCIC, otherwise follow the procedure of BEZA, BEPZA, BHTPA, and BSCIC.
Step 7: Obtain fire license from FSCD, environmental clearance from DOE, approval of layout plan from DIFE, and VAT registration from NBR (If applicable).
Step 8: Obtain membership in business or trade bodies in Bangladesh such as DCCI, BCI, IBFB, FBCCI, FICCI, MCCI, BGMEA, BKMEA, and so on.
Step 9: Obtain NOC from the relevant Ministry/division to set up controlled industries.
Step 10: Follow the RAJUK/CDA/RDA processes for building/plant construction approval (If applicable).
Step 11: Obtain ad hoc IRC approval from the Office of the Chief Controller of Imports and Exports (CCI&E) (If applicable).
Step 12: Import capital machinery and raw materials (If applicable) and start operation.