MUNTAQIM BPO SERVICES » Services https://muntaqim.org personal, friendly and professional Mon, 24 Jan 2022 12:43:24 +0000 en-US hourly 1 https://wordpress.org/?v=4.2.38 Company Secretarial Services https://muntaqim.org/company-secretarial-services/ https://muntaqim.org/company-secretarial-services/#comments Wed, 22 Jul 2015 16:07:47 +0000 http://muntaqim.org/?p=39 Corporate compliance is a complex legal requirement for all registered companies. The Accounting and Corporate Regulatory Authority in Bangladesh governs the reporting/statutory obligations of companies and its officers. Our company secretarial team helps our clients and their officers to fulfill their statutory obligations in an efficient manner.

Our Company Secretarial Services includes the following:

  1. Drafting Board Meeting minutes relating to issuance of share certificate against initial subscription;
  2. Designing, printing & completing the share certificate;
  3. Preparation of Share Register, Share Transfer Register;
  4. Intimating Central Bank regarding issuance of any share to a non-resident; and
  5. Preparation of books/registers relating to minutes of Board Meeting, Extra-Ordinary General Meeting and Annual General Meeting.
  6. Drafting minutes of the first Board meeting;
  7. Drafting minutes of Board meeting, EGM and AGM;
  8. Preparation and filing of Annual Return;
  9. Preparation and filing of documents on allotment of shares;
  10. Preparation and filing of documents on share transfer;
  11. Preparation and filing of documents on any change to the Registered Address of the company;
  12. Preparation and filing of documents relating to any change to the Board of Directors of the company;
  13. Preparation and filing of documents relating to any change to Article of Association of the company and obtaining approval from the authority;
  14. Preparation and filing of documents relating to increase of Authorized Capital of the company and obtaining approval from the authority;
  15. Creation of new classes of shares. There can be advantages in having different types of shares in order to divert income but not capital;
  16. Preparation and filing of documents relating to change in the name of the company and obtaining the relevant Certificate; and
  17. Obtaining certified copy of Annual Return and documents filed with the authority.
]]> https://muntaqim.org/company-secretarial-services/feed/ 0 Tax Services https://muntaqim.org/tax-services/ https://muntaqim.org/tax-services/#comments Wed, 22 Jul 2015 16:05:31 +0000 http://muntaqim.org/?p=37 We are offering a service to assist taxpayers with the new Self Assessment System. Self assessment is one of the biggest changes to the tax system.

In short, it means that thousands of taxpayers will be required to complete a tax return, calculate their tax liability for the year, and send the Board of Revenue the payment for any outstanding tax. If all your income is tax under PAYE, and you do not have to fill in a tax return at the moment, you are unlikely to be affected by the arrangements. In all other cases you should assume that the rules will apply to you.
The service is designed to be convenient and economic with professional quality work and complete confidentiality.

As part of preparing your annual accounts we will prepare a corporation tax computation and a corporation tax return and submit all of the required documents to the Inland Revenue.

Tax planning advice, to enable you to take advantage of tax saving opportunities in areas such as capital allowances on fixed assets, whether to have salary or dividend, and obtaining maximum relief for business expenses, forms part of our service.


Our objective is to assist you to retain your income at maximum rate.
]]> https://muntaqim.org/tax-services/feed/ 0 Vat Services https://muntaqim.org/vat-services/ https://muntaqim.org/vat-services/#comments Wed, 22 Jul 2015 15:48:53 +0000 http://muntaqim.org/?p=32 We help businesses manage their VAT charge effectively. This reduces the risk of penalties and interest. Management time spent dealing with the VAT Department is also reduced. The penalties for failure to comply with the law have become more punitive.

We will prepare your VAT Return each month and help with planning advice on abnormal VAT transactions. The Return is sent to you for signature and you then send this to us with a cheque and we will deposit the vat into Govt. Exchequer and file the return with the VAT authority along with the acknowledged vat challans.


Handling Value Added Tax collected at source

  1. Advising on applicable rate of vat to withhold at the time of payment;
  2. Preparation of documents relating to depositing the vat amount into Govt. Exchequer; and
  3. Depositing vat amount into Govt. Exchequer and collecting acknowledged bank chalan.


VAT Reporting

  • Preparation of documents relating to depositing the VAT amount collected from the customer into Govt. Exchequer;
  • Preparation of monthly VAT Report and filing with the VAT authority; and
  • Obtaining attested copy of the VAT Report.
]]> https://muntaqim.org/vat-services/feed/ 0 Payroll Services https://muntaqim.org/payroll-services/ https://muntaqim.org/payroll-services/#comments Wed, 22 Jul 2015 15:46:30 +0000 http://muntaqim.org/?p=30 Reduce your payroll preparation to a single phone call or email! We provide a complete payroll service to all businesses.

Our service is confidential and computerized. End of year returns are prepared and filed on time avoiding any interest or penalties.

Benefits of our payroll service

  1. Competitive price
  2. Confidentiality from others within the organization
  3. Advice on payments for redundancy and in lieu of notice
  4. Year end returns prepared on time to avoid interest and penalties
  5. Compliance with ever increasing legislative complexities
  6. Advice on casual and self employed workers
  7. Reduced administration costs
  8. Friendly and efficient service


Payroll Service

  • Calculation of payroll numbers;
  • Computation of tax liability of the employee;
  • Preparation of payroll statement and bank advise;
  • Issuance of Pay Slip;
  • Depositing withholding tax on salary into Govt. Exchequer;
  • Processing final settlement bill of outgoing employee; and
  • Preparation and filing of annual salary statement with the tax authority.
]]> https://muntaqim.org/payroll-services/feed/ 0 Accounting Services https://muntaqim.org/accounting-services/ https://muntaqim.org/accounting-services/#comments Wed, 22 Jul 2015 15:41:35 +0000 http://muntaqim.org/?p=26 Every business whatever its size or complexity requires an adequate accounting system to control its activities and record its progress. The type of system will be determined by the size and nature of the business. In many small owner managed businesses significant energy is spent running the business and often the accounting system will of necessity be simple. As long as relevant information is available when required this is adequate. As a business gets larger there is a requirement for more management information and systems generally become more complicated.
As a first step we would review your accounting system and make recommendations where necessary. This initial investment of time enables us to make better use of your records at the year end. This helps keep costs down and reduces queries.

Following is a brief list of our bookkeeping and accounting services:

  • Full charge bookkeeping services;
  • Maintaining General Ledger;
  • Accounts Payable/Receivable;
  • Bank reconciliation;
  • Cash flow forecast;
  • Financial Statements & Reports;
  • Periodical review; and
  • Financial Analysis
]]> https://muntaqim.org/accounting-services/feed/ 0 Setting up Liaison Office https://muntaqim.org/opening-representativeliaisonbranch-office/ https://muntaqim.org/opening-representativeliaisonbranch-office/#comments Wed, 22 Jul 2015 15:10:50 +0000 http://muntaqim.org/?p=20 We provide the services relating to opening Representative/Liaison/Branch Office, post-permission licenses and reporting under local corporate laws.

Business Permission

  1. Processing, filing application documents for opening Representative/Liaison/Branch office and obtaining the permission;
  2. Processing, filing documents relating to request for waiver of certain condition of the permission restricting local income of a Branch Office and obtaining waiver letter; and
  3. Processing, filing documents relating to registration of Branch Office with the authority under local corporate law and obtaining the Branch Registration Certificate.

 


Post Permission Licenses

Processing, filing of documents relating to the following and obtaining the license:

  1. Central Bank’s permission;
  2. Taxpayer’s Identification Number Certificate [TIN Certificate];
  3. Trade License –  for Branch Office;
  4. VAT registration – for Branch Office;
  5. Chamber Membership – for Branch Office; and
  6. Import Export Certificates – for Branch Office.

 

Regulatory Reporting

  1. Preparation and filing of Statement of remittance received from head office and expenditure there-from under Foreign Exchange Regulation law with the Central Bank, Business Permission issuing Authority and Tax Authority on quarterly basis;
  2. Preparation and filing of monthly VAT Report;
  3. Filing of audited Financial Statements of Branch Office with the authority; and
  4. Preparation and filing of annual Salary Statement with tax authority.

 

Work Permit & Employment Visa

  1. Processing, filing documents relating to request for recommendation for issuance of Employment Visa for the foreign national to be engaged by the office and obtaining theRecommendation for E Visa
  2. Processing, filing documents relating to Work Permit for expatriate employee of the office and obtaining the Work Permit; and
  3. Processing, filing documents relating to Multiple E Visa according to the Work Permit and obtaining the visa.
  4. Canceling Work Permit in case of early separation of the expatriate with the office.


Payroll

  1. Calculation of payroll numbers;
  2. Computation of tax liability of the employee;
  3. Preparation of payroll statement and bank advise;
  4. Issuance of Pay Slip;
  5. Processing final settlement bill of an outgoing employee; and
  6. Preparation and filing of annual salary statement with the tax authority.


Handling withholding tax on salary and payments to vendors and others

  1. Advising on applicable rate of income tax to withhold at the time of payment;
  2. Preparation of documents relating to depositing the withholding tax into Govt. Exchequer; and
  3. Depositing withholding tax amount into Govt. Exchequer and collecting acknowledged bank chalan.


Handling Value Added Tax collected at source

  1. Advising on applicable rate of vat to withhold at the time of payment;
  2. Preparation of documents relating to depositing the vat amount into Govt. Exchequer; and
  3. Depositing vat amount into Govt. Exchequer and collecting acknowledged bank chalan.


Taxation

  1. Preparation of Income Return, Tax Computation and relevant schedules;
  2. Filing of Income Tax Return with the tax authority;
  3. Responding to any query from tax authority; and
  4. Obtaining Tax Certificate from up to Deputy Commissioner Level.

Others

  1. Renewal of Business Permission;
  2. Renewal of waiver of restricted condition on local revenue of a branch office;
  3. Renewal of Central Bank’s Permission;
  4. Renewal of Trade License, Chamber Membership, Import Export License and Work Permit;
  5. Extension of visa of the expatriate employee; and
  6. Maintenance of Employees Provident Fund Account.
]]> https://muntaqim.org/opening-representativeliaisonbranch-office/feed/ 0 Company Formation https://muntaqim.org/company-formation/ https://muntaqim.org/company-formation/#comments Wed, 22 Jul 2015 14:59:49 +0000 http://muntaqim.org/?p=7 Setting up a business requires detail procedure in line with the local laws. We provide assistance to process registration documents as well as documents relating to post-registration permissions/licenses required to float a Private Limited Company in Bangladesh.

At an early stage we will give an indication relating to advantages and disadvantages of different form of business entity in Bangladesh which is usually required to obtain government incentives.

We provide the following services relating to formation of a Private Limited Company, post-registration permission/licenses and reporting under local corporate laws:


Registration

  1. Booking a name of the proposed company;
  2. Drafting MEMART and processing prescribed forms relating to incorporation of a company;
  3. Filing of registration documents with the relevant Govt. agency; and
  4. Obtaining the Certificate of Incorporation


Post-registration general permissions/licenses

  1. Processing, filing of Trade Licenses application documents with the authority and obtaining the License;
  2. Processing, filing of documents relating to registration with Tax Authority and obtaining Taxpayer’s Identification Number, i.e. TIN Certificate;
  3. Processing, filing of documents relating to registration with Board of Investment [BOI], Bangladesh and obtaining the BOI Registration Certificate;
  4. Processing, filing of documents relating to membership of a Chamber and obtainingChamber Membership Certificate
  5. Processing, filing of documents relating to registration with VAT Authority and obtainingVAT Certificate;
  6. Processing, filing of document relating to Import & Export registration and obtainingImport Registration Certificate [IRC] & Export Registration Certificate [ERC];


Issuance of Share Certificate against initial Subscription

  1. Drafting Board Meeting minutes relating to issuance of share certificate against initial subscription;
  2. Designing, printing & completing the share certificate;
  3. Preparation of Share Register, Share Transfer Register;
  4. Intimating Central Bank regarding issuance of any share to a non-resident; and
  5. Preparation of books/registers relating to minutes of Board Meeting, Extra-Ordinary General Meeting and Annual General Meeting.


Handling withholding tax on salary and payments to vendors and others

  1. Advising on applicable rate of income tax to withhold at the time of payment;
  2. Preparation of documents relating to depositing the withholding tax into Govt. Exchequer; and
  3. Depositing withholding tax amount into Govt. Exchequer and collecting acknowledged bank chalan.


Handling Value Added Tax collected at source

  1. Advising on applicable rate of vat to withhold at the time of payment
  2. Preparation of documents relating to depositing the vat amount into Govt. Exchequer; and
  3. Depositing vat amount into Govt. Exchequer and collecting acknowledged bank chalan.


VAT Reporting

  1. Preparation of documents relating to depositing the VAT amount collected from the customer into Govt. Exchequer;
  2. Preparation of monthly VAT Report and filing with the VAT authority; and
  3. Obtaining attested copy of the VAT Report.


Payroll

  1. Calculation of payroll numbers;
  2. Computation of tax liability of the employee;
  3. Preparation of payroll statement and bank advise;
  4. Issuance of Pay Slip;
  5. Processing final settlement bill of an outgoing employee; and
  6. Preparation and filing of annual salary statement with the tax authority.


Work Permit & Employment Visa

  1. Processing, filing documents relating to request for recommendation for issuance of Employment Visa for the foreign national to be engaged by the company and obtaining the Recommendation for E Visa
  2. Processing, filing documents relating to Work Permit for expatriate employee of the company and obtaining the Work Permit; and
  3. Processing, filing documents relating to Multiple E Visa according to the Work Permit and obtaining the visa.
  4. Canceling Work Permit in case of early separation of the expatriate with the company.


Company Secretarial Services

  1. Drafting minutes of the first Board meeting;
  2. Drafting minutes of Board meeting, EGM and AGM;
  3. Preparation and filing of Annual Return;
  4. Preparation and filing of documents on allotment of shares;
  5. Preparation and filing of documents on any change to the Registered Address of the company;
  6. Preparation and filing of documents relating to any change to the Board of Directors of the company;
  7. Preparation and filing of documents relating to any change to Article of Association of the company and obtaining approval from the authority;
  8. Preparation and filing of documents relating to increase of Authorized Capital of the company and obtaining approval from the authority;
  9. Creation of new classes of shares. There can be advantages in having different types of shares in order to divert income but not capital;
  10. Preparation and filing of documents relating to change in the name of the company and obtaining the relevant Certificate; and
  11. Obtaining certified copy of Annual Return and documents filed with the authority.


Taxation

  1. Preparation of Income Return, Tax Computation and relevant schedules;
  2. Filing of Income Tax Return with the tax authority;
  3. Responding to any query from tax authority; and
  4. Obtaining Tax Certificate from up to Deputy Commissioner Level.


Others

  • Renewal of Trade License, Chamber Membership and Import Export License;
  • Extension of Work Permit and visa of the expatriate employee; and
  • Maintenance of Employees Provident Fund Account.
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