For the above services, the breakdown of professional fees, as mutually agreed by us, is shown hereunder:
|
Sl. |
Particulars of Services |
US$ |
|
i. |
Accounting & Payroll Services: |
|
| Preparation of monthly financial statement. |
Monthly |
|
| Preparation of quarterly financial statement, conducting quarterly audit and submission the same to BOI and Bangladesh Bank. |
Quarterly |
|
| For monthly payroll processing. |
Monthly |
|
|
ii. |
Tax Planning Management and Assessment: |
|
| Preparation and submission of company’s income tax return, attending hearing at DCT’s level from time to time and finalization of income tax assessment. |
Yearly |
|
| Per expatriate employee’s salary tax management and finalization, yearly. |
Per person |
|
| Per local employee’s salary tax management and finalization, yearly. |
Per person |
|
|
iii. |
Customs, Excise and Value added tax (VAT): |
|
| Collection of vat registration and others services. |
Work basis |
|
| Submission of monthly vat returns (Mushak 19). |
Monthly |
|
|
iv. |
Company Registration from RJSC (Register of Joint Stock Companies and Firms): |
|
| Set up a new company (Private Limited, Joint Venture, 100% Foreign Investment, Society & Partnership Firm). |
Mutual understanding |
|
| Changes of returns in accordance with client’s requirement.
(Memorandum, share transfer, new share allotment etc.) |
Work basis |
|
| Submission of annual returns. |
Yearly |
|
|
v. |
Liaison Office, Work Permit and Others Permission from BOI (Board of Investment): |
|
| Obtaining permission for setting up a liaison office from BOI. |
Mutual understanding |
|
| Obtaining renewal of liaison office permission from BOI. |
Mutual understanding |
|
| Obtaining work permit for expatriate employee’s from BOI. |
Per person |
|
| Obtaining renewal of work permit for expatriate employee’s from BOI. |
Per person |
|
| Obtaining recommendation letter for Industrial IRC & ERC. |
Mutual understanding |
|
|
vi. |
Bangladesh Bank Related Permission: | |
| Obtaining permission for setting up a liaison office (18B) permission from Bangladesh Bank. |
Mutual understanding |
|
| Obtaining renewal of liaison office (18B) permission from Bangladesh Bank. |
Mutual understanding |
|
| Obtaining foreign employment (18A) permission from Bangladesh Bank. |
Mutual understanding |
|
| Obtaining renewal of foreign employment (18A) permission from Bangladesh Bank. |
Mutual understanding |
|
|
vii. |
Trade License: | |
| Obtaining and renewal of Trade License for commercial and manufacturing organization from City Corporation. |
Work basis |
|
|
viii. |
Security Clearance: | |
| Obtaining security clearance from Ministry of Home Affairs for foreigner, liaison and branch Office. |
Mutual understanding |
|
|
ix. |
Visa Processing for Foreigners: | |
| Obtaining visa for foreigner as per classification (PI, FPI, E, FE, T & B) from Immigration and Passport office. |
Per person |
|
| Renewing and extension of visa. |
Per person |
|
|
x. |
Import and Export License: | |
| Obtaining import registration certificate (IRC) and export registration certificate (ERC) for commercial & industrial from CCIE.
(Chief Controller of Imports & Exports) |
Mutual understanding |
|
|
xi. |
Membership: | |
| Obtaining membership certificate from all Chamber of Commerce & Industries, BGMEA, BKMEA, BTMEA, BAPA, BFVEA, Bangladesh Indenting Agent’s and others Association. |
Mutual understanding |
|
|
xii. |
Driving License and Vehicle Fitness from BRTA: | |
| Assist to get driving license, vehicle registration and fitness from BRTA. |
Mutual understanding |
|
| Renewing driving license and vehicle fitness. |
Mutual understanding |
The Government fees, charges and other expenses i.e. incidental expenses will be borne by client or mutually agreed by us.
Mode of Payment:
For services rendered, a yearly invoice would be raised against which the payment would be made by the following months. The invoice may include partial work as well.
This contract will be made initially for two years which would be subject to review and renewable mutually.
If you accept the above terms and conditions of service, please sign the duplicate copy of this letter and return same to us.