Buying House license
A buying house, also known as a buying agent or sourcing agent. Having a DoT License ensures that buying houses meet regulatory standards, maintain ethical business practices, and operate within the legal framework set.
What is Textile (DoT) License / Buying House License?
In Bangladesh, a Textile Directorate (DoT) License is essential for businesses involved in the textile sector, including buying houses that act as intermediaries between international buyers and local manufacturers. This license is issued by the Directorate of Textiles and serves as an official permit to conduct operations related to textile production, trading, and sourcing.
A buying house typically manages the export of ready-made garments (RMG) and other textile products by liaising between foreign clients and local garment manufacturers. Having a DoT License ensures that buying houses meet regulatory standards, maintain ethical business practices, and operate within the legal framework set by the Bangladesh government.
Copyright registration has not been made compulsory in the Copyright Act, 2000. It is not also compulsory in other countries. But the copyright registration is a pre-requisite to avoid any possible conflict over the ownership of intellectual property. Being a member country of WIPO, World Trade Organization (WTO) and the signatory at Berne Convention, Universal Copyright Registration Convention, and Bangladesh is bound to abide by all conditions of these conventions related to copyright and the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. The Bangladesh Copyright Act 2000 was enacted incorporating the nationally and globally important provisions of all major international copyright rules. It was further amended in 2005 for updating. Later, the copyright Rules 2006 (SRO No-219) was formulated under section 103 of the Copyright Act to strengthen copyright management through proper implementation of the law.
Textile (DoT) License / Buying House Licensing Process in Bangladesh
1. Business Registration: The first step is registering the business with the Registrar of Joint Stock Companies and Firms (RJSC), obtaining a trade license, and opening a bank account.
2. Application Submission: TAfter business registration, the applicant needs to fill out the required forms, provide necessary documents, and submit the application to the Directorate of Textiles. Documents required may include:
- Business incorporation certificate
- Trade license
- Bank solvency certificate
- Tax identification number (TIN)
- Lease or ownership documents of the business premises
3.Inspection & Verification:The Directorate of Textiles will conduct a physical inspection of the business premises to ensure compliance with legal and environmental standards.
4.Approval & License Issuance:Once the inspection is successful, the Directorate will issue the DoT License, allowing the business to legally operate as a textile entity or buying house in Bangladesh.
5.License Renewal:The license is typically valid for a specified period and must be renewed periodically by fulfilling the renewal requirements set by the Directorate of Textiles.
Who Can Apply for This License?
Any individual or business entity that intends to work within the textile industry in Bangladesh, particularly buying houses and garment manufacturers, can apply for the Textile (DoT) License. This includes:
Required Documents and information
- Registration letter to Director General of DoT
- Duly filled in the registration form
- Trade license (attested copy)
- Income tax certificate (attested copy)
- Certificate of incorporation, MoA, and AoA
- Estimated yearly turnover
- Membership certificate of relevant commercial association (i.e. BGBA or BGME) (attested copy)
- Bank draft pay order for the registration fee
- Solvency certificate from bank
Schedule-I (Service Fees for Textile (DoT) Certificate )
(a) In case of application for proposed textile certificate of registration or existing certificate of registration
| Amount of investment | Amount of fee (BDT) |
|---|---|
| From One Taka to Ten Corers | 5,000 |
| Ten Corers to Twenty-Five Corers | 10,000 |
| Twenty-Five Corers to Fifty Corers | 25,000 |
| Fifty Corers to One Hundred | 50,000 |
| More than One Hundred Core | 1,00,000 |
(b) In respect of other service (Textile (DoT) Certificate)
| Details | Amount of fee |
|---|---|
| Registration Amendment Fee | Fees shall be fixed as per (a) above in case of amendment due to increase in investment |
| 1,000 (in other cases except increase in investment) | |
| Conversion Fee from & 'Proposed Registration' to 'Existing Registration' | 1,000 |
| Buying House Registration Fee | 20,000 |
| Buying House Registration Renewal Fee | 5,000 |
| Duplicate Registration Certificate Issue Fee | 2,000 |
| Proposed Registration Extension Fee | 1,000 |
| Renewal Fee for Existing Registration | 1,000 |
| Late Fee (for every year) | 1,000 |
| Fees for all other service | 1,000 |
Environment ClearanceCertificate FAQ
- Valid Trade License for Buying House business
- RJSC Certificate (for Limited Companies)
- National ID/passport copy of the owner/directors
- Office rent deed or ownership proof
- TIN and VAT registration certificates
- Bank solvency certificate
- DoT application form duly filled with necessary information
Get a Free Consultation
We Accept EMI
ABOUT US
JK Associates is the most prominent Corporate Consultancy and Law firm in Bangladesh. We provide specialized services in Business Setup (Local and Foreign company), Intellectual Property Rights (Trademark, Copyright), Corporate Affairs, Foreign Direct Investment (FDI) and Taxation (Tax, VAT).
Know more...