Your business, Our expertise
NAP Partners was founded with the goal of establishing a top-tier outsourcing and professional services firm that could cater to clients worldwide, including those in Bangladesh through virtual platforms. Over the years, we have developed a reputation for delivering high-quality professional services and expert knowledge of regulatory matters. Our team, comprising some of the best minds in set up business, accounting, payroll, tax, VAT and consulting, collaborates to prioritize the needs of our clients. We encourage our people to think creatively and employ strategic thinking, innovative technology, and thorough research methods to provide solutions that not only address problems but also drive progress. We are here to support your business at every stage, ensuring you have the right advice and solutions to achieve your goals.
NAP Partners was founded with the goal of establishing a top-tier outsourcing and professional services firm that could cater to clients worldwide, including those in Bangladesh through virtual platforms. Over the years, we have developed a reputation for delivering high-quality professional services and expert knowledge of regulatory matters. Our team, comprising some of the best minds in set up business, accounting, payroll, tax, VAT and consulting, collaborates to prioritize the needs of our clients. We encourage our people to think creatively and employ strategic thinking, innovative technology, and thorough research methods to provide solutions that not only address problems but also drive progress. We are here to support your business at every stage, ensuring you have the right advice and solutions to achieve your goals.
At NAP Advisory & Solutions, our work strategy revolves around delivering customized, client-focused solutions that drive measurable results. We start by understanding each client's unique challenges and goals, which enables us to develop tailored strategies to meet their specific needs. Our approach is collaborative and transparent, ensuring that clients are involved in every step of the process.
NAP Advisory & Solutions strongly emphasizes in-depth analysis as the foundation of our advisory services. Our approach involves a thorough examination of key performance indicators, market trends, and regulatory requirements. This enables us to identify growth opportunities, cost efficiencies, and risk mitigation. By combining quantitative data with qualitative insights, we provide clients with a clear and actionable roadmap for success, anticipating future challenges and turning numbers into strategic advantages for their business.
Direct taxes implications in Bangladesh are governed by the Income Tax Act, 2023 and are administered by the National Board of Revenue (NBR). The tax system in Bangladesh is progressive, meaning that tax rates increase with higher levels of income. Both individuals and corporations are subject to income tax, with varying rates and regulations depending on the type of income and the taxpayer's residency status. The individual tax rates range from 0% to 30%, depending on the income bracket. Corporations in Bangladesh are taxed at rates ranging from 25% to 45%, depending on the type of company and its industry .
In Bangladesh, indirect taxes play a significant role in the country's revenue system, with Value Added Tax (VAT), customs duties, and excise duties being the primary forms. VAT is the most prominent indirect tax, applied at each stage of the supply chain on goods and services, with the standard rate being 15%. Businesses are required to register for VAT and maintain accurate records to comply with tax obligations. NAP Advisory & Solutions provides expert guidance to help businesses manage these tax obligations effectively, optimizing tax efficiency and minimizing risks.
Setting up a business in Bangladesh involves several key steps to ensure compliance with local laws and regulations. The process starts with choosing the right business structure, such as a sole proprietorship, partnership, or private limited company. Next, you’ll need to register your business name with the Registrar of Joint Stock Companies and Firms (RJSC) and prepare necessary legal documents like the Memorandum of Association (MOA) and Articles of Association (AOA) or BIDA permission. Obtaining a trade license, a Tax Identification Number (TIN), and, if applicable, VAT registration is essential. You’ll also need to open a corporate bank account and secure any additional permits or licenses required for your specific business activities. With the right guidance, such as that provided by NAP Advisory & Solutions, the process can be streamlined, helping you establish your business efficiently in Bangladesh.
NAP Advisory & Solutions is known for its personalized approach and deep expertise in key areas such as accounting services, tax, VAT, company formation, and regulatory compliance etc. Our team is dedicated to understanding your specific business needs and providing customized solutions that deliver tangible results. We take pride in our commitment to client success, proactive problem-solving, and staying ahead of regulatory changes to ensure that your business remains compliant and competitive.
We guarantee top-notch service by thoroughly understanding each client's unique needs and challenges. Our experienced professionals offer insightful analysis, strategic recommendations, and hands-on support throughout your business journey. We also prioritize continuous learning and staying updated with industry developments to provide the most relevant and effective solutions.
Yes, NAP Advisory & Solutions is ready to help with both local and international business requirements. Whether you are starting a new business in Bangladesh or dealing with complicated international tax regulations, our expertise covers various areas. We offer comprehensive support and personalized guidance to meet your specific needs.
