Professional Consulting & Advisory Firm (Company Law & Tax)
MicroTech Software and IT Solutions LTD.
Professional Consulting & Advisory Firm (Company Law & Tax)
Contact Details
Our Main Office Address
- 22, Faraji Para, KDA Commercial Plot, ES Plaza 7th Floor, (Lift-7), KFC Building, Moylapotar More, (Near Side of Khulna City Medical College Hospital), Khulna-9100.
Call Us Now
- +880 2477 720 555,
+880 1720 90 18 90,
+880 1914 40 90 00
Foreign Loan in Bangladesh
Foreign Loan in Bangladesh
Foreign Loan in Bangladesh
It is a common practice for private sector company to secure funds from external sources such as foreign loans. According to a recent study by Bangladesh Bank, private sector companies resort to foreign loans due to their low interest rates and low capital base of domestic banks. Before borrowing from a foreign bank, the private company in Bangladesh needs approval from the Scrutinity Committee of the Board of Investment.
Documents Required
Duly filled in prescribed application form
Board’s resolution for the proposed foreign loan
Latest resgistration from BIDA
Loan Agreement between the parties
Credentials of the sponsors or directors
Duly filled in CIB Inquiry form 1&2 and undertaking from its Sponsors or Directors.
CIB Certificate of the company and its sponsors
Track record of past foreign loans/deferred payment (if available)
Audited Balance Sheet of previous year
Utilization Certificate from nomited Bank
Up-to-date credit rating report of the company
Up-to-date financial analysis
Up-to-date details Feasibility report of the proposed project
Form-X, Form-XII and Form-XV from RJSC&F
Certificate of Incorporation of commencement
Memorandum & Articles of Association
Process
The applicant is required to submit the prescribed applicaton form together with above listed supporting documents. For final approval, a fully documented proposal needs to be presented before the Scrunity Committee governed by Governor of the Bangladesh bank. The applicant shall get clearance based on the recommendation of the Committee and pay the notimated fee into the designated bank and receive money receipt from BIDA. Then, a letter shall be issued from BIDA if the applicant receives approval.
Time limit
Estimated processing time for approval of foreign loan is thirty (30) days.
Government Fees
Ranges from BDT 5000 to 1 Lac BDT depending on the amount of loan.- Name of the Society
- Memorandum Bangla or English
- Registered Office Address
- Name of Chairman / President
- Name of the Director or Member
- All Members Profession
- All Members Mobile No
- Narration of society objectives
- Name of the Vice-Chairman / Vice-President
- Name of the Executive Director / General Secretary / Secretary
- Name of the Treasurer / Finance Director
- Name of the Executive Director / Member
- All General Members Name
- One E-mail No
Register Partnership deed with RJSC
The partnership deed and filled up Form I should be filed with RJSC. These documents will be reviewed by the officials of the RJSC. When the officials are satisfied with the points stated in the partnership deed, he shall record an entry of the statement in a register called the Register of Firms and issue a Certificate of Registration.