Obtaining an import license in Bangladesh involves several steps and adherence to specific procedures outlined by the relevant authorities, primarily the Office of the Chief Controller of Imports & Exports (CCI&E) under the Ministry of Commerce. Here’s a general guideline on how to get an import license in Bangladesh:
Steps to Obtain an Import License:
- Business Registration:
- Ensure your business is legally registered in Bangladesh, such as a sole proprietorship, partnership, private limited company, or other recognized legal entity.
- Obtain TIN and VAT Registration:
- Register for Tax Identification Number (TIN) with the National Board of Revenue (NBR).
- Register for Value Added Tax (VAT) with the local VAT authority.
- Preparation of Documents:
- Gather necessary documents, including:
- Trade license
- Business registration certificate
- TIN and VAT certificates
- Bank certificate showing solvency
- Memorandum and Articles of Association
- Proforma invoice or sales contract for the intended import
- Gather necessary documents, including:
- Application Submission:
- Obtain the application form for an import license from the CCI&E office or their official website.
- Fill out the application form accurately and completely, attaching the required documents.
- Submission and Processing:
- Submit the completed application form along with the necessary documents to the CCI&E office.
- The CCI&E will review your application and documents to verify compliance and suitability for an import license.
- Approval and License Issuance:
- Upon successful verification and compliance, the CCI&E will issue an import registration certificate or license.
Importance of Import License:
An import license is essential for legal compliance and authorization to engage in importing goods into Bangladesh. It ensures that the import activities align with regulatory standards, and the government has oversight over the country’s imports.
Always ensure to follow the latest guidelines and procedures set by the CCI&E for obtaining an import license, as regulations and requirements might evolve over time. Consulting directly with the CCI&E or legal professionals can provide updated and accurate information.