The Government of Bangladesh has introduced a number of important legislations in order to assist and protect the foreign investment in the country. Laws such as the Foreign Private Investment (Promotion and Protection) Act of 1980 seek to treat foreign investment reasonably and equitably, as result private investors will be benefited from the full protection and precautions of the country.
In the international arena, the Freight Forwarders are practicing the international rules and norms abiding by the legal provisions of the country of origin concerned. In Bangladesh a good number of Freight Forwarders are also operating and contributing to the country's export-import business, with their valuable services and the freight forwarding business is governed by the Freight Forwarders (Licensing and Operations) Rules 2008. According to this law the Freight Forwarders need to apply for the license and after fulfilling the necessary provisions they get license from the National
The Power of Attorney is a legal document that gives an individual the power to act on behalf of another person or another entity executing the power of attorney.
The new wave in laws relating to the power of attorney came in force when Power of Attorney Act, 2012 was enacted. Previously, the power of attorney could be executed in favour of an individual without being mandated by specific regulations or particular formats, but after the incorporation of the said Act, the scenario was
FM Associates is a leading Law firm in Bangladesh which has extensive experiences in helping big corporations and companies in setting up branch or liason offices in Bangladesh. Permission of Board of Investment (BOI) will be required in order to set up a Branch office/Liaison office/ Representative office and the foreign investor intending to set up a Branch office/ Liaison office/ Representative office is required to submit application in the prescribed form along with the following documents, which must be attested by the Bangladesh Embassy/High Commission of the country of
In order to fuel the ruling party’s election manifesto of creating a “Digital Bangladesh”, several high scale projects for developing the Information & Technology sector of the country has been initiated. Alongside, Bangladesh High-Tech Park Authority Act 2010 was enacted, the preamble of which is very critical about how such Tech parks will be constituted, governed and operated.