In case you wish to commence an import business in Bangladesh, you should acquire a registration certificate known as the Import Registration Certificate (IRC). But you have to acquire an ERC (Export Registration Certificate) of the Chief Controller of Imports and Exports (CCI&E) before acquiring the IRC. The certificate entitles a business to engage in export business and is also significant in most of the trade-related procedures. Currently, by learning how to apply for the ERC at CCI&E, the entrepreneurs, traders, and business owners of Bangladesh can easily penetrate foreign markets.
Register Your Business
The initial move in the application of an ERC is registering your business in Bangladesh. Your firm can be a sole proprietorship, a partnership, or a private limited company. The requirement will include a Trade License, a Tax Identification Number (TIN), and the details of a bank account to get the process initiated.
Prepare Required Documents
There are various documents to prepare before making the application. These generally comprise a valid trade license, TIN certificate, bank solvency certificate, passport-size photographs and a copy of the national ID of the business owner. The partnership deeds or incorporation certificates may also be needed in certain cases, depending on the kind of business.
Submit Application to CCI&E
After the preparation of the documents, the application should then be submitted to the Chief Controller of Imports and Exports (CCI&E) office. The online portal has been adopted by many applicants who fill in the forms and also submit their documents online. This increases the speed and convenience of the process over the traditional manual applications.
Pay the Required Fees
ERC application is a government fee that has to be paid by the applicants. This can differ with the nature and the size of the business. The CCI&E authority will process the application once it has been confirmed that it has been paid.
Verification and Approval
Once it has been submitted, the officials will examine the documents and ensure that the information given on the application is valid. In case of any correctness, the ERC will be granted to the applicant. This certificate allows companies to be legally able to export goods and engage in activities of international trade in Bangladesh.
Summary
Knowledge on how to apply for the ERC form CCI&E is also essential to Bangladeshi entrepreneurs intending to venture into the export market. You can receive your ERC by simply registering your business, preparing the necessary forms, applying, paying the required fees and going through the verification. Through this certificate, companies can increase their opportunities and contribute to the international trade development of Bangladesh.
FAQs
Q1. What is an ERC in Bangladesh?
ERC is the Export Registration Certificate, in short, which enables businesses to legally export goods from Bangladesh.
Q2. Who is the issuer of ERC?
ERC is issued by the Chief Controller of Imports and Exports (CCI&E) in Bangladesh.
Q3. Can I apply for ERC online?
Yes, it has become common to see many applicants use the CCI&E portal of online applications to make the process quicker.
Q4. What are the required documents for an ERC application?
Some of the common documents are trade license, TIN certificate, bank solvency certificate, national ID, and photos the size of a passport.
Q5. What is the duration of acquiring an ERC?
The processing time can take a long or a short time, though in most cases it takes a few working days once the documents are checked.
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