FAQ

Pre Incorporation

The cost of setting up a Private Limited Company in Bangladesh is very simple and affordable. Please refer to the Company Formation section for the pricing or speak to our Japanese Guest Relation (JGR) for more information on the latest promotion available.

  1. EIGHTY EIGHT SPECIAL ECONOMIC ZONES

Bangladesh Economic Zone Authority (BEZA) established eighty eight investor economic zones providing multiple incentives to both its developers and manufacturing unit investors. Zone developers’ benefits range from income tax expatiation to capital expenditures reduction.  Exemption of taxes, custom/excise duties to non-fiscal incentives such as no FDI ceiling, issuance of work permits and recommendations for a resident ship/Citizenship are some of the benefits of its investment incentive structure.

  1. CONTINUOUSLY ECONOMIC GROWTH

Bangladesh’s surging Gross Domestic Product (GDP) is one of the most notable indicators of its rapid economic growth. Its GDP continues to increase at 7.3% in 2017.

Based on the Asian Development Bank current estimates, Bangladesh GDP will continue to grow 7% and 7.2% in 2018 and 2019, respectively.

The GDP growth rate of Bangladesh is outstanding compared to the average of 4.9% of other emerging and developing countries based on the IMF.

  1. A GROWING DOMESTIC MARKET

Bangladesh has a great potential to become a significant market in Asia with its 160 million population and its strong economic growth. A sustainable yearly development plan from the authorities has been done to ensure that spending power was acquired by its growing population. Five years earlier with $1,054, the Per capita income increased to $1,610 in the fiscal year ending in June 2017. Due to the influx of remittance from overseas workers, Bangladesh’s purchasing power increases most notably in rural areas.

  1. A STRATEGIC POSITION IN ASIA

As a neighbor to India and a bridge with the new economic superpower China, Bangladesh’s geographical location as a gateway to Southeast Asia can reap the reward, as now Asia becomes economically powerful in the world.  Bangladesh now has a unique opportunity to capitalize to increase trade and connectivity through its strategic location. By its adroit diplomacy and good relation with its neighbors, Bangladesh can benefit its role in the region which is increasingly valued by the Western powers. Higher level of intra-regional trade and business, while more profits to be made are expected in the future.

  1. YOUNG AND SKILLED WORKFORCE

Bangladesh’s young and skilled workforce is the main driving force of the country’s economic growth. Its median age reported in 2018 is just 26. The country demonstrated a high potential for technical education as yearly 15,000 Bangladeshi graduates landed into top IT firms such as Microsoft, IBM and Google.

Bangladesh has been listed as an ideal outsourcing destination by the European Commission. To promote progress in the ICT sector, tech parks are established in Dhaka and Jessore creating Digital Bangladesh.

  1. COMPETITIVE LABOUR COSTS

The average monthly wage for garment workers in Bangladesh is 5300 BDT (US$ 63), compared with China’s average of $347 a month. These increasing costs of labor in developed countries lead businesses to transfer manufacturing to other destinations.

Incentive Package for Developer and Unit investors located in the Economic Zones are listed below.

Incentives for Developers

Serial Incentives Explanation Gazettes
1 Income Tax exemption of varying degree for 12 years including 100% exemption for 1st 10 Years. 1st 10 years – 100%

11th year – 70%

12th   year – 30%

SRO No 227-Law/Income Tax/2015 Date: 08 July, 2015 of Internal Resources Division
2 Income tax exemption on dividend for 10 years 100% Exemption SRO No 299/Law/Income Tax/2105 Date: 8 Oct, 2015 of Internal Resources Division
3 Income tax exemption on capital gains from transfer of shares for 10 years 100% Exemption
4 Income tax exemption on royalties, technical know-how and technical assistance fees etc for 10 years 100% Exemption
5 Duty free import of goods to be used for the development of Zones (except for MS Rod/Bar, Cement, Prefabricated Building, Iron/Steel Sheet) 100% Exemption SRO No 208- Law/2015/45/Customs Date: 1 July, 2015 of Internal Resources Division
6 Land development tax exemption 100% Exemption SRO No. 05-Law/2016 Date: 11 Jan, 2016 of Ministry of Land
7 Exemption from tax sub tax, rate, toll, fees etc imposed under section 65 of Local Government

(Union   Parishad) Act, 2009

100% Exemption SRO No. 333-Law/2015 Date: 12 Nov, 2015 of Local Government Division
8 Exemption from tax on transferring immovable property imposed under section 44 of Upazilla Parishad Act, 1998 100% Exemption SRO No. 328-Law/2018 Date: 11 Nov, 2018 of Local Government Division
9 Exemption of Stamp Duty on registration of loan document with Scheduled Bank 100% Exemption SRO No. 7-lw/2016 Date: 12 January, 2016 of Internal Resources Division
10 Stamp duty is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone. 100% Exemption SRO No. 287-Law/2017/08.00.0000.040.22.005.15 Date: 21 Sep, 2017 of Internal Resources Division
11 Income Tax deducted at source ( under section 53H of the Income Tax Ordinance 1984) is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone. 100% Exemption SRO No. 120-Law/Income Tax/2018 Date: 26 Apr, 2018 of Internal Resources Division
12 Registration fees (Registration Act 1908) is exempted at the time of transferring land in favor of the Consortium, Joint Venture (Private EZ developers) formed for the purpose of setting up the zone. 100% Exemption Circular No. R-6/1M-11/2017-269

Date: 19 Sep, 2017

13 Exemption of stamp duty on the land lease agreement between BEZA & Developers 100% Exemption SRO No. 08-Law/2016 Date: 12 Jan, 2016 of Internal Resources Division
14 Exemption of stamp duty on lease registration 50% Exemption SRO No. 06-Law/2016 Date: 12 Jan, 2016 of Internal Resources Division
15 EZ investors are waived from Board of Investment Act, 1989 Completely Exempted SRO No. 108-Law/2016 Date: 21 April, 2016 of Prime Minister’s Office

Incentives for Unit Investors

Serial Incentives Explanation Gazettes
1 Income Tax exemption of  for 10 years (except edible oil, sugar, flour, cement, iron and iron related products) Extent -100%

(for 1st, 2nd , 3rd  year)

4th year – 80%

5th year – 70%

6th year – 60%

7th year – 50%

8th  year – 40%

9th  year – 30%

10th year – 20%

SRO No 104-Law/Income Tax/2020 Date: 25 March, 2020 of  Internal Resources Division
2 Income tax exemption on dividend for 10 years 100% Exemption SRO No 299/Law/Income Tax/2105 Date: 8 Oct, 2015 of Internal Resources Division
3 Income tax exemption on capital gains from transfer of shares for 10 years 100% Exemption
4 Income tax exemption on royalties, technical know-how and  technical assistance fees etc for 10 years 100% Exemption
5 Exemption from Income Tax on the income of expatriate for 3 years 50% Exemption SRO No. 298- Law/Income Tax/2015 Date: 8 Oct, 2015 of Internal Resources Division
6 Exemption from double taxation subject to the existence of double taxation agreement subject to the double taxation agreement National Board of Revenue
7 Duty free import of capital machinery and construction material (except for MS Rod/Bar, Cement, Prefabricated Building, Iron/Steel Sheet) 100% Exemption SRO No 209- Law/2015/46/Customs Date:1 July, 2015 of Internal Resources Division

List of capital machineries

SRO No. 121- Law/2020/72/Customs Date:11 June, 2020 of Internal Resources Division

8 Warehousing Station Entire EZ has been declared as a warehousing station. SRO No 211/Law/2015/48/Customs  Date:1 July, 2015 of Internal Resources Division

Amendment: SRO No 304/Law/2017/77/Customs Date: 22 Oct, 2017 of Internal Resources Division

9 Home Consumption & Other Bond Facilities, Warehouse Operator All the unit investors in EZs are entitled to this facility
  1. SRO No 211/Law/2015/48/Customs Date: 1 July, 2015 of Internal Resources Division

Amendment: SRO No 304/Law/2017/77/Customs Date: 22 Oct, 2017 of Internal Resources Division

  1. SRO No 181/Law/2008/2209/Customs Date: 26 June, 2008 of National Board of Revenue

Amendment: SRO No. 203-Law/2017/48/Customs Date: 20 June,2017 of National Board of Revenue

Amendment: SRO No. 136-Law/2020/87/Customs Date: 03 June,2020 of National Board of Revenue

Amendment: SRO No. 194-Law/2020/104/Customs Date: 30 June,2020 of National Board of Revenue

  1. Notification No. 42/2017/Customs/199

Date: 2 May, 2017 of National Board of Revenue

Amendment: 288/2017/Customs/529

Date: 21 Dec, 2017 of National Board of Revenue

Amendment: 195/2018/Customs/197

Date: 6 May, 2018 of National Board of Revenue

10 Dedicated Customs Procedure(Economic Zone) All the industries in EZs are eligible Notification No. 42/2017/Customs/199

Date: 2 May, 2017 of National Board of Revenue

Amendment: 288/2017/Customs/529

Date: 21 Dec, 2017 of National Board of Revenue

Amendment: 195/2018/Customs/197

Date: 6 May, 2018 of National Board of Revenue

11 20% sale of finished product to Domestic Tariff Area (DTA) 20% of the export volume of last fiscal year Notification No. 42/2017/Customs/199 Date: 2 May, 2017 of National Board of Revenue

Amendment: 288/2017/Customs/529 21 Date: Dec, 2017 of National Board of Revenue

Amendment: 195/2018/Customs/197 Date:6 May, 2018 of National Board of Revenue

12 Subcontracting with DTA allowed 100% Allowed
13 Exemption of Customs Duty, Regulatory Duty, VAT, Supplementary Duty for import of vehicles (up to 2000 cc, one sedan car and one microbus/pick up van/ double cabin pick up) 100% Exemption SRO No. 210- Law/2015/47/Customs  Date: 1 July, 2015 of Internal Resources Division

Amendment: SRO No. 312- Law/2015/57/Customs Date: 28 Oct, 2015 of Internal Resources Division

14 Duty exemption on export 100% Exemption 1st Schedule of The Customs Act,1969
15 Exemption from VAT on Utility services related to production of goods 100% Exemption SRO No. 190-Law/2019/47-VAT Date: 13 June, 2019 of Internal Resources division
16 Land development tax exemption 100% Exemption SRO No. 05-Law/2016 Date: 11 Jan, 2016 of Ministry of Land
17 Exemption of stamp duty on lease registration 50% Exemption SRO No. 06-Law/2016 Date: 12 Jan, 2016 of Internal Resources division
18 Exemption from tax sub tax, rate, toll, fees etc imposed under section 65 of Local Government

(Union  Parishad) Act, 2009

100% Exemption SRO No. 333-Law/2015 Date: 12 Nov, 2015 of Local Government Division
19 Exemption from tax on transferring immovable property imposed under section 44 of Upazilla Parishad Act, 1998 100% Exemption SRO No. 328-Law/2018 Date: 11 Nov, 2018 of Local Government Division
20 EZ investors are waived from Board of Investment Act, 1989 Completely SRO No. 108-Law/2016 Date: 21 April, 2016 of Prime Minister’s Office
21 Regulatory framework of foreign exchange transactions of enterprises operating in EZs. Completely FE Circular No. 21 of 11 May 2017 incorporated at chapter 20 of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 of Bangladesh Bank
22 Foreign investment in Bangladesh including EZs No restrictions except few sectors As per appendix-4 of Industrial Policy-2016
23 Ceiling of FDI No ceiling of foreign contents
  • Industrial Policy- 2016  of Ministry of Industries
  • FE Circular No. 21/2017 of Bangladesh Bank
24 Repatriation of dividend earned against the investment 100%
  • No permission from Bangladesh Bank (paragraph 31, chapter 10 of GFET, paragraph 9 of FE Circular No. 21/2017 and paragraph 9, chapter 20 of GFET by  Bangladesh Bank)
  • Dividend can be credited in foreign currency accounts maintained by foreign investors in Bangladesh (FE Circular No. 26 of 7 July 2020 of Bangladesh Bank)
25 Repatriation of sales proceeds of investment 100%
  • Detailed instructions outlined at FEID Circular No. 01 of 6 May 2018 of Bangladesh Bank
  • Relaxation vide FEID Circular Letter 01 of 18 June 2020 of Bangladesh Bank in the following counts:
  1. No permission from Bangladesh Bank is required for remittance of sales proceeds of shares regardless of amount provided that fair value is determined through net asset value approach on the basis of latest audited financial statements, and the financial statements contain no revalued assets.
  2. No permission from Bangladesh Bank is required to repatriate sales proceeds of shares up to Tk 10.00 million without valuation reports.
  3. Sales proceeds exceeding Tk 10 million upto Tk 100 million may be remitted abroad based on the fair value determined on the basis of appropriate valuation methods.
26 Loan from external sources 100% Paragraph 8 of FE Circular No. 21/2017 and paragraph 8, chapter 20 of GFET of Bangladesh Bank
27 Repatriation of Royalty, Technical Know-how & Technical Assistance Fees -For new project, not exceeding 6% of the cost of the imported machinery

-For ongoing concerns, not exceeding 6% of the previous year’s sales as declared in the income tax return

Paragraph 11 of FE Circular No. 21/2017 and paragraph 11, chapter 20 of GFET of Bangladesh Bank
28  Telephonic Transfer (TT) No limit Paragraph 7  of FE Circular No. 21/2017 of Bangladesh Bank
29 FC Accounts for EZ enterprises Extent –  Full Paragraph 4 of FE Circular No. 21/2017 and paragraph 4, chapter 20 of GFET of Bangladesh Bank
30 FC Accounts for foreign nationals working in EZ enterprises Extent –  Full Paragraph 1, chapter 13 of GFET of Bangladesh Bank
31 Remitting income of foreign nationals working in EZs 75 % of current income
  • Paragraph 12 of FE Circular No. 21/2017 and paragraph 12, chapter 20 of GFET of Bangladesh Bank
  • FE Circular No. 24 of 23 June 2020 of Bangladesh Bank
32 Industries operating in Domestic Processing Area (DPA) of EZs can meet their foreign payment obligation on account of Royalty, Technical Know-how & Technical Assistance Fees from their Taka Account FE Circular No. 41 of 04 October, 2020
33 Market exploration assistance for Type C industries operating in EZs against export of

– Sandals and bags made of synthetic & fabrics

– Agro processing goods

4% Cash Incentive on the condition of a minimum value addition of 30% Paragraph 9 of FE Circular No. 35, dated 22 September 2019 of Bangladesh Bank
34 Backward Linkages of raw materials to sell for export-oriented industries 100% Paragraph 06 of FE Circular No. 21/2017 of Bangladesh Bank
35 Formation of Joint Venture Industries FE Circular No. 21/2017 of Bangladesh Bank
36 Special cash incentives against export of textile goods including readymade garments FE Circular No. 01, dated 07 January 2020 of Bangladesh Bank
37 Issuance of work permit to foreigners is allowed Up to 5% of total officers/employees of an industrial unit Notification No. 03.068.004.09.00.00.016.2018-664 (7 Nov,2018)
38 Resident visa For investment of US$75000 or above Industrial Policy- 2016 of Ministry of Industries
39 Citizenship For investment of US$ 1,000,000 or above Industrial Policy- 2016 of Ministry of Industries

Bangladesh highly welcomes foreign investors to set up business in Bangladesh. Among key consideration that every investors should make aware of before setting up a Company are the following:

1. Is your business permissible by Bangladesh Authorities for 100% foreign owned?

    Answer: Minimum 2 shareholders( It can be foreign or including local)

    Allowed foreign ownership

    Bangladesh is very open regarding foreign ownership, allowing up to 100% of foreign ownership in most sectors. In some sectors, however, you need prior approval from the government and a few sectors restrict both local and foreign investment.

    Similarly, other benefits include the right to purchase land and property in the name of the company, tax incentives, etc.

2. What is the minimum paid up capital required for your business nature (if any)?

3. What is the minimum paid up capital for a foreigner able to apply for an expatriate visa/ pass in Bangladesh?

    Minimum capital requirement

    There is no official minimum capital requirement in Bangladesh. For this reason, $1 is considered the minimum capital contribution. However, investors should keep in mind that they need to make an inward remittance of no less than $50,000 if they intend to hire foreign employees. 

At this moment, unfortunately we do not provide any market research services for businesses.

Bangladesh is a safe country to live in. According to the Global Peace Index, Bangladesh ranked 97th most peaceful country in the world.

Bangladesh is an affordable country to live in. As compared to the neighbouring country, investors have a cost advantage by setting up business in Bangladesh. For example, meals in inexpensive restaurants in Bangladesh cost from BDT250 ($3) to BDT500 ($6).

Bangladesh welcomes investors to set up Companies in various industries. We have shortlisted the top 10 industries Japanese businesses that previously set up in Bangladesh are manufacturing Pharmaceutical, Electronics, Garments and Textiles, ICT Business Services, Leather and Leather Goods, Light Engineering, Power Industry, Health Services, Agribusiness, foreign trade and commerce, services, construction and engineering, transportation and warehousing, exclusive restaurants, banking and finance, tourism, insurance and other non-manufacturing.

The National Language of Bangladesh is Bangla. However, English is understood and spoken at the workplace and is a compulsory subject in schools. 

Company Formation

Once the required documents are submitted to OCS, it takes about 25-30 working days to complete the incorporation process. However, it is subject to availability and stability of the Registrar of Joint Stock Companies and Firms (RJSC).

Yes. You may incorporate a Private Limited Company in Bangladesh from your home. All the signing of documents will be done through hardcopy and by post. However, for doing so, keep in mind that you are required to have your authorized representative submit all official documents to the local authority. OCS   will make it easier for you to set up your private limited company by being your authorized representative.

Yes. Our Japanese Guest Relation (JGR) will update you from time to time on the status of the application.

There is no limitation for foreign equity participation in foreign direct investment. Bangladesh allowed 100% foreign equity. Portfolio investment in stock exchanges is also allowed for non-resident institutional or individual investors. Moreover, foreign investors may obtain full working loans from local banks. The loan term is determined on the basis of bank-client relationship. 

Advantages:

  • Limited liability feature – shareholders not personally liable for debts and losses of the Company. Shareholders’ liabilities are limited to the amount of shares subscribed.
  • Shares are transferable – transfer is easy through sale of shares
  • Separate legal entity – A company does not cease to exist if one or more of its shareholders die.
  • Easier Access to funding – it added business credibility and a good image. Thus, increase the potential of loans from financial institutions.
  • Tax advantage – profits tax at corporate tax rate i.e. lower bracket

Disadvantages:

  • Compliance Requirement – governed by rules and regulations stipulated in Companies Act 1994 Violation of the rules will result in penalties.
  • Yearly Statutory Submission to NBR – Annual returns and financial statements are required to be filed.

Minimum 2 shareholders with USD1 and USD 50,000 for foreign owned companies.

STEP 1: OBTAIN NAME CLEARANCE LETTER 

Application for name clearance to RJSC along with the following information shall be assisted by the OCS (Authorized Representative). The application of the proposed name will take 2 days subject : 

a) Application Form;

b) Proposed Name.

STEP 2: DOCUMENTATION PREPARATION

a) Drafting of Memorandum of Articles and Articles of Association and other required documents;

b) Directors’ resolution to open a new Company in Bangladesh;

c) Obtaining and filling up the following forms for registration of the Company to RJSC:

  • Form I: Declaration on registration of Company;
  • Form VI: Notice of situation of registered office;
  • Form IX: Consent of director to act; 
  • Form X: List of persons consenting to be directors;
  • Form XII: Particulars of the directors, manager and managing agents.

STEP 3: FORMALITIES RELATED WITH BANK ACCOUNT

a) Directors shall open a temporary bank account in the name of the proposed Company with any scheduled bank with the condition that the account shall be regularized once the Company is duly registered with Company House;

b) Capital contribution into the bank account. 

c) Encashment certificate from the bank which expresses that the sum required for capital contribution has been duly dispatched in the temporary bank account of the proposed organization.

STEP 4: SUBMISSION OF DOCUMENTS TO RJSC (Post Company Formation)

Application to RJSC along with the documents executed as listed above.

Post registration compliances for a Private Company limited by shares

(a) Trade License

The Companies have to obtain a trade license from the relevant City Corporation. The proposed Company is required to file its application at the nearest City Corporation along with relevant documents and appropriate fees.

(b) Tax Identification Number (“TIN”)

A Company has to obtain E-TIN from the recommended website of the National Board of Revenue (NBR). 

(c) VAT Registration Certificate

The newly incorporated Company has to collect a VAT registration certificate. In this regard, the application has to be made to the National Board of Revenue (NBR).

(d) Fire Certificate

Fire certificate is provided by the Bangladesh Fire Service and Civil Defense Authority.

(e) Environment Clearance Certificate

An environment clearance certificate from the Department of Environment has to be obtained by a company if it’s involved in an industrial project, by executing the prescribed form. 

It is required for investors to fill in the company incorporation form in English Language. Also for supporting documents, all needed in the English language. 

  • All Private Limited Company is to be registered with the Registrar of Joint Stock Companies and Firms (RJSC).
  • You may engage OCS; that provides company secretarial service to assist in the whole registration and company formation process in Bangladesh.
  1. Contact our Japanese Guest Relation team at HIS Co Ltd. 
  2. We will define on your business nature and activities to match your objective in Bangladesh
  3. Decide your shareholding structure with minimum Two Shareholder 
  4. Decide the key positions of Directors with minimum two Director
  5. Fill in our Incorporation Form and provide the required documents
  6. Sign our Client Service Agreement and make payment

Post Company Formation

Bangladesh is a large country consisting of 8 divisions and 64 districts. Each division has certain advantages. Based on recent trends and future prospects Chittagong, Khulna and Dhaka have the most lucrative future business setup. 

As for services, if you are looking to set up business at a high traffic location, Dhaka & Chattagram is the perfect place to do so.

  1. Appointment of Auditor
    The Board must appoint an auditor who is a licensed practitioner in Bangladesh at least 30 days before the end of the period of submission of the first financial statements to the Registrar (RJSC)
  2. Open Bank Account
  3. Register of Company Tax and Employer Tax
  4. Need to apply for Trade License
  5. Apply for VAT/GST Licence.
  6. Others Business Licence. 
  7. Others Licence ( depends on Business Activities) 

In Bangladesh, different banks have different requirements and documentation required. You are advised to speak to the respective bank for opening a local bank account.

No. You are allowed to open only BDT & USD  bank accounts in Bangladesh. In Bangladesh we have Standard Chartered Bank (United Kingdom), HSBC (Hong Kong) and other local and foreign banks where you can open Foreign Currency accounts. 

The next step after registering with above bodies, the Company may proceed with a business license application. It is essential for every business to have a valid license to start a business in Bangladesh. Generally there are 3 different group of license involved, namely:

  1. Business Premise and Signboard Licenses
  2. Industry/ Sector – Specific Licenses
  3. Activity – Specific Licenses

Please refer to our customer booklet on further details regarding the above.

Generally, Companies who want to apply for foreign expatriate visas need to go through the Immigration Department of Bangladesh. The Company must be registered under the Companies Act and meet the minimum paid up requirement set based on percentage of foreign equity. For more information, please refer to our customer booklet.

Yes. Here in Bangladesh it is known as value added tax which is 15%

For Companies

(i)Publicly Traded Company 25%

(ii)Non-publicly Traded Company 35%

(iii)Bank ,Insurance & Financial institutions (Except Merchant bank) Publicly listed and 4th generation Banks & FI 40% , Other Banks & FI42.5%

(iv)Merchantbank 37.5%

(v)Cigarette manufacturing company/Others 45%

(vi)Mobile Phone Operator Company 45%

(vii)Publicly traded mobile company 40%

Customs Duty

The proposal includes existing 6 slabs of Customs Duty (0%, 1%, 5%, 10%, 15%, and 25%), 3% Regulatory Duty on goods having highest import duty, and existing 12 slabs of Supplementary Duty (10%, 20%, 30%, 45%, 60%, 100%, 150%, 200%, 250%, 300%, 350%, and 500%) on import stage to continue in FY 2020-21. Besides, the existing 0 percent import duty will remain unchanged for importing essential commodities, fertilizers, seeds, lifesaving drugs and raw cotton along with raw materials for some industries.

Supplementary duty

The proposal contains following revised Supplementary duty (SD) rates:

  • SD rate increased from 10 percent to 15 percent for all kinds of services rendered by BRTA for car and jeep registration and related services;
  • SD rate increased from 25 percent to 30 percent for chartered aircrafts and helicopters;
  • SD rate increased from 10 percent to 15 percent on the services provided through mobile phone SIM/RIM card;
  • SD rate increased from 5 percent to 10 percent on locally manufactured cosmetics; and
  • Imposing 10 percent Supplementary duty on Ceramic Sink, Basin at the manufacturing stage.

Yes, OCS provides one stop solution for tax consultation, audit and legal services.

Yes, our Japanese Relationship Manager in Japan and in Malaysia is able to assist you with your needs and inquiry.