Our Services
We are dedicated to providing top-notch consultancy services that enable our clients to thrive and excel in their respective industries. By combining local expertise with a global network of professionals, we offer a level of support that sets us apart in the consulting landscape, empowering businesses to achieve success and growth on a domestic and international scale.
CORPORATE SECRETARIAL SERVICES
Comprehensive services for facilitating the procurement of trade licenses in various jurisdictions
A trade license, also known as a business license or commercial license, is a legal document that grants permission to an individual or entity to engage in specific business activities within a particular jurisdiction. The requirements and procedures for obtaining a trade license can vary significantly depending on the country, state, or local authority in which the business intends to operate.
Formation/Registration/Incorporation of new limited company, Trust/Society and Partnership NGO, Join-Venture Company, One Person Company:
As a service provider, we specialize in offering a comprehensive range of services for the formation, registration, and incorporation of various types of business entities. Our expertise extends to assisting clients with the establishment of new limited companies, trusts, societies, partnerships, NGOs (Non-Governmental Organizations), joint-venture companies, and One Person Companies (OPCs).
For clients looking to set up a new limited company, we guide them through the entire incorporation process. This includes helping with the preparation and submission of all necessary documentation, adhering to regulatory requirements, and obtaining the necessary approvals from the relevant authorities.
Assist in filling and processing of Annual Returns (Schedule X), Return of Allotment/Share Transfer etc. to the Registrar of Joint Stock Companies & Firms (RJSC).
To compliance of act , we provide assistance in the filling and processing of Annual Returns (Schedule X) and other essential documents, such as Return of Allotment/Share Transfer, to the Registrar of Joint Stock Companies & Firms (RJSC).
Assist in getting permission from NBR for Provident Fund and Gratuity Fund:
Do you need assistance in obtaining permission from the National Board of Revenue (NBR) for your Provident Fund and Gratuity Fund services? Look no further! We're here to help you navigate the process seamlessly and efficiently. Saving you time, effort, and unnecessary stress.
Introducing our expert team of professionals dedicated to simplifying your experience with NBR. We understand the complexities involved in obtaining permission and ensure a hassle-free journey for both employers and employees. Here's what we offer:
Merger & acquisitions related consultancy and documentation.
Merger and acquisition (M&A) activities involve complex processes and require specialized expertise. Consultancy and documentation services play a crucial role in facilitating successful mergers and acquisitions. Here's an overview of the services typically offered in M&A-related consultancy and documentation:
It's important to note that the scope of services offered by RAAL ASSOCIATES may vary based on their expertise, industry focus, and client requirements. Engaging a reputable consultancy with experience in mergers and acquisitions can help businesses navigate the complexities and increase the likelihood of a successful transaction.
Valuation of Land & Building, stock, book Debts, receivable, Plant & Machineries and other.
Valuation of assets like land and building, stock, book debts (also known as accounts receivable), and plant & machinery is an essential aspect of financial reporting and decision-making for businesses. These assets are typically reported on a company's balance sheet, and their accurate valuation is crucial for determining the company's financial health and worth.
It's important to note that the valuation of these assets can have significant implications for financial reporting, tax calculations, and decision-making. Therefore, companies often rely on qualified professionals or specialized firms to perform these valuations to ensure accuracy and compliance with accounting standards and regulations.
Assist in getting & Renewals of IRC, ERC and Membership from authorized Society:
Import Registration Certificate (IRC): We guide clients through the process of obtaining an Import Registration Certificate, which allows them to legally engage in importing goods into the country. Our team ensures that all necessary documentation is prepared accurately and submitted to the appropriate authorities for timely processing and issuance of the IRC.
Export Registration Certificate (ERC): For businesses looking to export goods from the country, we offer expert assistance in obtaining an Export Registration Certificate. We help our clients navigate the application process, ensuring that all requirements are met, and the necessary paperwork is submitted promptly for the ERC.
Membership from authorized societies: We facilitate the membership application process for businesses seeking to join authorized societies or industry-specific organizations. Our team ensures that the application is completed correctly and submitted to the respective society or organization, enabling clients to enjoy the benefits and networking opportunities provided by the membership.
Additionally, our services include handling the timely renewals of IRC, ERC, and memberships. We proactively monitor renewal dates and prepare all necessary documentation for submission to the appropriate authorities, ensuring that our clients' permits and memberships remain valid and up-to-date.
By engaging our services for IRC, ERC, and membership-related matters, clients can focus on their core business operations with confidence, knowing that their legal and regulatory requirements are well taken care of. We aim to provide efficient and reliable support throughout the application and renewal processes, ensuring that businesses can operate smoothly and in compliance with the relevant regulations and standards.
Assist in getting TIN & BIN:
For individuals and Companies, the process of obtaining a TIN from the NBR (National Board of Revenue). This includes helping with the preparation and submission of the necessary documents, such as identification proofs and income details, to facilitate the TIN application process.
For businesses, we assist in obtaining a BIN, which is a unique identification number assigned to registered businesses. We help clients prepare and submit all required documentation, including business registration certificates and other relevant information, to ensure a smooth and efficient BIN application process.
Our team is well-versed in the local regulations and requirements for obtaining TIN and BIN, and we work closely with the tax authorities to expedite the application process.Bottom of Form.
Work Permit for Expatriate from BIDA:
"BIDA" likely refers to the "Bangladesh Investment Development Authority." The process for obtaining a work permit for an expatriate (foreign national) in Bangladesh generally involves several steps, and it is essential to follow the country's immigration laws and regulations. Please note that immigration procedures and policies may change over time, so it is crucial to consult the official website of BIDA or relevant government agencies for the most up-to-date information. Nevertheless, here's a general overview of the typical process for obtaining a work permit for an expatriate in Bangladesh:
It's essential to engage legal and immigration experts who are familiar with Bangladesh's laws and procedures to ensure a smooth and compliant process. Always refer to official sources for the most accurate and up-to-date information on work permits and immigration regulations in Bangladesh.
Advisory service on Commercial Laws, Secretarial Issues, Risk Management, IT, Financial management, Amalgamation & Reconstruction Scheme
When seeking advisory services in these areas, it's essential to engage professionals with expertise and experience in the relevant fields. We can provide personalized advice based on your specific business needs and circumstances, helping you make informed decisions and navigate potential challenges effectively.
Payroll Services
Payroll Services include:
Our Payroll Services encompass a comprehensive range of support, starting with efficient employee onboarding, which includes the collection and input of all essential employment and personal data.
When a new employee joins your organization, we streamline the onboarding process by gathering and accurately inputting all relevant information. This includes details related to employment contracts, tax withholding preferences, banking information for direct deposits, emergency contacts, and any other necessary documentation.
Our team ensures that all onboarding procedures are compliant with local regulations and employment laws. By managing these critical tasks, we free up your HR team's time, allowing them to focus on other essential aspects of talent management and employee engagement.
At every step of the onboarding process, we prioritize data security and confidentiality, ensuring that sensitive information remains protected. Additionally, we work seamlessly with your existing systems and processes, minimizing disruptions and ensuring a smooth transition for new employees.
Our goal is to provide a seamless and efficient onboarding experience that sets the stage for a positive employee journey within your organization. By entrusting us with payroll services, you can be confident that your employees' information is handled accurately, securely, and with the utmost care, enabling your organization to thrive and maintain compliance with employment regulations.
Generation of payslips and distribution to employees using via email.
Generation of the following payroll reports:
Audit Assistance Services
As part of our services, we offer valuable assistance in appointing a local audit firm to conduct various types of audits as required by our clients. Depending on their specific needs, this may include quarterly, half-yearly, annual, statutory, or management audits.
Our firm has established strong working relationships with the audit firms in Bangladesh. Leveraging our extensive network and industry connections, we can help our clients choose the most suitable audit firm for their particular requirements.
Our team works diligently to organize and compile the necessary financial information to facilitate the audit process. This includes preparing all relevant accounting ledgers, such as general ledger, accounts payable, accounts receivable, fixed assets, and any other specific ledgers essential for the audit.
Tax Consultancy
With a blend of creativity and expertise, our tax advisers skillfully navigate the intricate compliances of rules and regulations, guiding clients on a secure path. We conduct thorough analyses across all relevant areas to ensure a comprehensive approach. Moreover, when tax matters intertwine with legal and economic factors, we draw upon specialized knowledge to provide the most effective solutions. Our goal is to offer innovative strategies and insights that lead to favorable outcomes for our clients.
Income Tax Return filing and submission:
We specialize in offering professional services for Income Tax Return (ITR) of Individuals (Resident & Non- Resident) & Companies filing and submission. Our team of experts is well-versed in tax laws and regulations, enabling us to assist individuals and businesses with accurate and timely ITR preparation and filing.
Assessment at DCT (Deputy Commissioner of Taxes), JC(Joint Commissioner) and Commissioner Level:
Our firm specializes in providing comprehensive support and representation during the assessment process at the Deputy Commissioner of Taxes (DCT), JC (Joint Commissioner) and Commissioner Level for the re-opening and revised assessment of corporate & Individuals income tax returns.
Appeal Stage at the Commission of Taxes (CT) , Taxes Appellate Tribunal (TAT) and High Court Division .
At the Appeal Stage at the Commission of Taxes (CT) and Taxes Appellate Tribunal (TAT), our firm offers comprehensive representation and expert guidance to clients involved in tax-related disputes.
We navigate the complexities of tax appeals in the High Court Division with a focus on achieving the best possible results for our clients. Our commitment to excellence, unwavering determination, and extensive experience in tax litigation make us a trusted partner for clients seeking resolution at the Appeal Stage in High Court Division.
Tax Compliance Services
Tax Compliance Services include:
Offering expert advisory services on all matters concerning direct (income tax) and indirect (Value Added Tax) taxes in Bangladesh.
Advising clients on the tax and VAT implications of agreements, whether they are sales or vendor agreements, is a key aspect of our services
Providing detailed guidance and advice on the tax and VAT implications associated with each Accounts Receivable (AR), Sales, or Revenue invoice.
Providing guidance to the client on applicable deduction rates for each Accounts Payable (AP)/Expense/Vendor invoice. Our team will prepare detailed advice outlining the withholding tax and Value Added Tax (VAT) amounts, the resulting net amount payable to the vendor, and the corresponding tax and VAT to be remitted to the government.
Automated Processing
Other than the above, the remaining of our tax compliance activities as outlined below are automated using our custom tax compliance software:
Submission
We provide assistance to clients in submitting the following, ensuring full compliance with local regulations
Challans for taxes and VAT to government treasury and providing final copies to client.
Monthly withholding tax statement to the authorities.
VAT reimbursement for companies
VAT reimbursement for companies refers to the process by which businesses can recover the Value Added Tax (VAT) they have paid on eligible business expenses. VAT is charged on various goods and services purchased by businesses during their operations.
When a company incurs VAT on its business expenses, such as raw materials, equipment, or services, it is generally allowed to claim back the VAT from the tax authorities. This process is known as VAT reimbursement or VAT reclamation.
The VAT reimbursement process typically involves the following steps:
VAT Registration: The company must be registered for VAT with the tax authorities to be eligible for VAT reimbursement.
VAT Invoices and Records: The company needs to maintain proper VAT invoices and records for the eligible expenses it incurs. These invoices serve as supporting documentation for the VAT reimbursement claim.
VAT Return: Depending on the country's VAT regulations, the company may need to file periodic VAT returns, which provide details of its VAT-liable sales and VAT-recoverable expenses.
VAT Reimbursement Claim: The company submits a VAT reimbursement claim to the tax authorities, detailing the VAT paid on eligible expenses during a specific period.
VAT Reimbursement Payment: Upon approval, the tax authorities refund the eligible VAT amount to the company through a reimbursement payment or credit.
It's essential for companies to adhere to the specific VAT regulations of their country or region to ensure successful VAT reimbursement. The process may vary depending on local laws and the nature of the business expenses incurred.
VAT reimbursement can have a significant impact on a company's cash flow and overall financial performance, making it a crucial aspect of financial management for businesses that deal with VAT-eligible transactions.