Author Archive:
Sakib Sikder
Tax Update 2021-2022 Bangladesh
Read more: Tax Update 2021-2022 Bangladesh1.) Tax Rate: a.) Minimum Tax Rate It is proposed to decrease the business turnover tax rate for individual taxpayers from 0.5% to 0.25%. b.) Reduction of tax rates of the company Publicly traded company tax rate is proposed to be reduced from 25% to 22.5%. It is proposed to reduce the tax rate of…
Breach of Contract
Read more: Breach of Contractby Anika Mardiah Chowdhury A contract is an agreement made between two or more persons and a contractual agreement is a legally binding agreement between parties. The contractual agreement contains terms and conditions between the parties for example either to do or to refrain from somethings. A contractual agreement is legally enforceable if contains certain…
Copyright and Protection against Infringement in Bangladesh
Read more: Copyright and Protection against Infringement in BangladeshBy Miss Mardiah Chowdhury Intellectual property refers to any confidential information, trademark, industrial design, copyright, or any patent which is required to be protected. Copyrights are one of the sub-divisions of intellectual property and this includes artistic works or cinematograph films or any music. These copyright are exclusive rights given under the copyright law to…
Company Registration in Bangladesh
Read more: Company Registration in BangladeshIncorporating a business in Bangladesh has been simplified over the years due to interventions by the Government. Foreign Investors (“Promoters”) intending to invest in Bangladesh has multiple options to incorporate their business in Bangladesh. Out of these options, registering a limited company is considered most suitable for long term operation. This article is designed to…
Employee’s Rights at Workplace in Bangladesh
Read more: Employee’s Rights at Workplace in BangladeshBy Anika Mardiah Chowdhury Bangladesh is a populated country and here most people include in the labor force. Most of the labor organizations or companies or garments have their own rules and regulations but all of them had to follow the minimum statutory standards and must make rules according to the same. Bangladesh employment law…
Commercial Disputes Settlement Through Arbitration in Bangladesh
Read more: Commercial Disputes Settlement Through Arbitration in BangladeshBy Anika Mardiah Chowdhury A commercial dispute can be defined as a dispute that arises between the parties in trade or commerce. Which involves arguments about money or about pricing or quantity of goods or others. Hence a commercial dispute can be defined as a disagreement between two or more businesses regarding the supply of…
Share transfer process for Companies in Bangladesh.
Read more: Share transfer process for Companies in Bangladesh.by Ferdous Ara Tuly According to Section 2(1)(v) of the Companies 1994, “Share” means a share in the capital of the company, and includes stock except when a distinction between stock and shares is expressed or implied. One of the elements of a company is that its debentures or shares are moveable property and these…
Investment by non-resident investors in Alternative Investment Funds under BSEC (Alternative Investment) Rules, 2015
Read more: Investment by non-resident investors in Alternative Investment Funds under BSEC (Alternative Investment) Rules, 2015Chapter 9 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1 outlines operational procedures for non-resident investors to make direct and portfolio investment in Bangladesh. To bring wider scope in foreign investment, it has been decided to allow foreign investment in Alternative Investment Funds (AIF) registered under Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015.…
Revised procedure for remittance of Profit & Residual Balance by Foreign Companies & Firms in Bangladesh.
Read more: Revised procedure for remittance of Profit & Residual Balance by Foreign Companies & Firms in Bangladesh.In a move to facilitate foreign investment, Bangladesh Bank has recently through FEID Circular Letter No 2. dated 19.09.2019, has decided to remove the pre-approval requirements for remittance profit from Bangladesh. Bangladesh Bank has also eased the requirements for remitting the residual balance of foreign firms and branch office. A. It has been decided that…
Legal Position relating to Guarantors in Corporate Loan in Bangladesh
Read more: Legal Position relating to Guarantors in Corporate Loan in BangladeshIn a lending scenario by a Company, usually, lenders require a personal guarantee from the directors of the company. A personal guarantee is a type of guarantee where one or more company directors personally guarantee to repay any debts of their business if the company face any financial crisis or unable to meet its financial…
Laws & Policies of Investment in Bangladesh
Read more: Laws & Policies of Investment in BangladeshBangladesh actively seeks foreign investment, particularly in apparel, power, oil and gas, and infrastructure projects. It offers a range of investment incentives under its industrial policy and export-oriented growth strategy with few formal distinctions between foreign and domestic private investors. Foreign and domestic private entities can establish and own, operate, and dispose of interests in…
Jural Acuity joins IR as the exclusive Foreign Direct Investment & Tax (Law) Member in Bangladesh
Read more: Jural Acuity joins IR as the exclusive Foreign Direct Investment & Tax (Law) Member in BangladeshIR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Sakib Sikder of Jural Acuity. Sakib has joined IR as our exclusive Foreign Direct Investment & Tax (Law) Member in Bangladesh. Jural Acuity is a full-service law firm with special focus on Commercial, Corporate & Business Law practices. The Law Firm…