13Jul
13Jul
Microsoft gets VAT registration
Summary: Microsoft received the Value-Added Tax (VAT) registration from Dhaka South Vat commissionerate on July 01 standing as the fourth tech giant in Bangladesh. It used its Singapore address and collected its Business Identification number. Content: It's obvious that if the International companies want to conduct business here...
20Jun
BSEC has published its First Green bond gazette on 31st May 2021
Summary: Bangladesh Security and Exchange Commission has approved the first-ever green bond issuance in Bangladesh in favor of a non-governmental organization. In its newly published gazette, BSEC has notified its nature of the bond and the type of corporations that can buy these bonds. Content: Starting with the...
03Jun
23,210 investors with shares worth BDT 10 million or more found eligible for SME IPO subscription
Summary: The government issued rules for qualified investor offer by small capitalized companies on January 30 to give a chance of raising fund from the capital market for the small public limited companies. Bangladesh Security Zone Exchange Commission had declared 23,210 BO accountholders as eligible investors...
01Jun
One Person Company registration starts from May 23, Tax rate cut to 25% from 32.5% likely
Summary: The Registrar of Joint Stock Companies and Firms (RJSC) has started incorporating One Person Company (OPC) -- a new type of business entity in the country -- from May 23, 2021. To encourage the foreign enterprises and sole proprietorship, the government is going to offer...
01Jun
Foreign companies can open foreign currency accounts under local offices
Summary: Bangladesh Bank (BB) has allowed authorized dealers to open foreign currency accounts in the names of branch offices or liaison offices of foreign companies as opposed to the name of employed local executing firms, operating under approval from the Bangladesh Investment Development Authority (BIDA), or...
31Mar
Bangladesh Bank is Requested to Remove the Bar on Dividend Limits for NBFIs
Summary: On February 7th, 2021, Bangladesh Bank (BB), the central bank of the country declared a dividend policy for banks for 2020 in light of the challenges that the outbreak of coronavirus posed which allowed them to reward their shareholders based on the strength of the...
24Feb
BSEC unveils draft rule to form stock market stabilisation fund
[Source: TBS] Aiming to provide liquidity support to the capital market, the Bangladesh Securities and Exchange Commission (BSEC) will form a fund with the unpaid dividends. The fund will be run under the name of Stock Market Stabilisation Fund. The BSEC claimed that there are dividends...
11Oct
$26 billion investment proposed in economic zones
[ Source: the Business Standard] The government will be setting up nine more economic zones in the country. The approval came at a recent governing board meeting of the Bangladesh Economic Zone Authority (Beza), chaired by Prime Minister Sheikh Hasina. With this, the...
28Sep