Import License permissible item without any value and quantity restrictions and without obtaining any permission from any authority in Bangladesh but the Import Registration Certificate (IRC) or import license is needed for the import of the same. In Bangladesh, the Office of the Chief Controller of Imports and Exports.

(CCIE) which is an individual organization under the Ministry of Commerce issues this import certificate or import license, and the legal basis for this permission is found in Import Policy Order 2015-2018.

IMPORT REGISTRATION CERTIFICATE (IRC)

REQUIRED SUPPORTING DOCUMENTS:

(To facilitate verification of the submitted documents, applicants are requested to submit the original documents as well. The original copies of the documents will be returned at the completion of the process).

The applicant is required to arrange the below-mentioned documents and deposit the annual renewal fee at Bangladesh Bank or Sonali Bank

Note: Renewal of IRC can also be done by the Nominated Banks as per the Import Policy Order 2021-24. The IRC applicant needs to mention the name of a single Nominated bank in the IRC application form for subsequent renewals.

IRC REGISTRATION FEES

The importers have been classified into 6 (six) categories on the basis of their value ceiling of overall annual import. The initial category-wise registration fees and annual IRC renewal fees in Bangladesh are as under:

REQUIRED DOCUMENTS FOR REGISTRATION OR RENEWAL

As Bangladesh is becoming one of the most promising outbound markets in the world. Due to swift growth of economy in this country, company formation procedure is broadly asking question to the new entrepreneurs. All the questions are answered above how you should register your company.