Question 1

What is e-TIN (Tax Identification Number) in Bangladesh?

Accepted Answer

A 12-digit number issued online by the National Board of Revenue (NBR) that identifies a taxpayer. It is free, valid for life, and required to open business bank accounts, get a trade licence, register a company, or buy land above a set value.

Question 2

What is BIN (Business Identification Number / VAT Registration) in Bangladesh?

Accepted Answer

The VAT registration number issued by the NBR (VAT wing). A business that crosses the VAT threshold must obtain a BIN, issue VAT invoices, and file monthly VAT returns.

Question 3

What is Trade Licence in Bangladesh?

Accepted Answer

The permit to operate a business at a given address, issued by the local City Corporation (e.g. DNCC/DSCC in Dhaka) or the Union/Pourashava. It must be renewed every year.

Question 4

What is RJSC (Registrar of Joint Stock Companies and Firms) in Bangladesh?

Accepted Answer

The government office that registers companies, partnership firms and societies in Bangladesh, and to which they file annual returns. Company incorporation and the annual return are done here.

Question 5

What is IRC (Import Registration Certificate) in Bangladesh?

Accepted Answer

The certificate that allows a business to import goods into Bangladesh, issued by the Office of the Chief Controller of Imports and Exports (CCI&E). It is renewed annually.

Question 6

What is ERC (Export Registration Certificate) in Bangladesh?

Accepted Answer

The certificate that allows a business to export goods from Bangladesh, also issued by the CCI&E and renewed annually. Often obtained together with the IRC.

Question 7

What is FIAR / Fire Licence in Bangladesh?

Accepted Answer

The fire-safety clearance issued by the Fire Service and Civil Defence, certifying that premises meet fire-safety requirements. Required for many commercial and industrial premises and renewed annually.

Question 8

What is BIDA (Bangladesh Investment Development Authority) in Bangladesh?

Accepted Answer

The principal agency that promotes and facilitates private investment, registering industrial projects and issuing ad-hoc IRC recommendations for new industries.

Question 9

What is Environmental Clearance Certificate (ECC) in Bangladesh?

Accepted Answer

The clearance issued by the Department of Environment confirming a project meets environmental standards. The category (Green/Orange/Red) sets the requirements, and it is renewed periodically.

Question 10

What is BSCI (Business Social Compliance Initiative) in Bangladesh?

Accepted Answer

A widely used social-compliance audit standard for factories and suppliers. Buyers often require BSCI certification covering labour rights, health, safety and ethics before placing orders.

Question 11

What is Namjari (Mutation) in Bangladesh?

Accepted Answer

Updating the land records to show the new owner after a purchase or inheritance, done at the AC (Land) office. Without namjari the record still shows the previous owner, which blocks later sale, loan or tax payment.

Question 12

What is Khatian (Record of Rights) in Bangladesh?

Accepted Answer

The official record listing the owner(s) and details of a plot of land. Common types are CS, SA, RS, BS/City survey and, after mutation, the khatian in the new owner's name.

Question 13

What is Porcha in Bangladesh?

Accepted Answer

The certified copy of a khatian issued by the land office. "Porcha" and "khatian" are often used interchangeably; the porcha is the paper copy you collect as proof of the record.

Question 14

What is Nakal (Certified Copy of Deed) in Bangladesh?

Accepted Answer

A certified copy of a registered deed obtained from the Sub-Registry office when the original is lost or a copy is needed for mutation, sale or a court matter.

Question 15

What is Saf Kabala (Sale Deed) in Bangladesh?

Accepted Answer

The registered deed that transfers land ownership by sale. It is signed before the Sub-Registrar, with stamp duty and registration fees paid, and is the buyer's primary proof of ownership.

Question 16

What is Heba (Gift Deed) in Bangladesh?

Accepted Answer

A deed that transfers property as a gift, commonly between close relatives. Heba between specified relatives attracts reduced registration costs compared with a sale deed.

Question 17

What is Khajna (Land Development Tax) in Bangladesh?

Accepted Answer

The annual land tax paid to the government for holding land, now payable online. Keeping khajna up to date is proof of possession and is needed for mutation and sale.

Question 18

What is Annual Return (RJSC) in Bangladesh?

Accepted Answer

The yearly filing every registered company must submit to RJSC after its AGM, updating directors, shareholding and the schedule of returns. Late filing attracts penalties.