Exporter funding plan
Capital sized to the Bangladesh Bank cap and paid from your ERQ account.
Bangladesh
Saudi LLC formation
A Saudi company for Bangladeshi exporters, funded the Bangladesh Bank way
For a Bangladeshi exporter, a Saudi LLC is a company near its Gulf buyers that can sign contracts, invoice in riyals and hire. The money leaves Bangladesh under the 2022 equity-investment-abroad rules, so the Bangladesh Bank step and the Saudi filings have to move together. We plan both.
- Exporter route planned
- e-Apostille papers
- Fixed fee for the scope
In one paragraphA Bangladeshi company forms a Saudi LLC by completing MISA registration from Bangladesh and obtaining a Commercial Registration, while the equity leaves Bangladesh under the Capital Account Transaction (Equity Investment Abroad) Rules, 2022, made under the Foreign Exchange Regulation Act, 1947. An eligible exporter applies through its authorised dealer bank to a Bangladesh Bank committee chaired by the Governor and can invest up to the lower of 20% of average annual export earnings or 25% of net worth.
Who will own it
Three ways a Saudi LLC is owned from Bangladesh
Who owns the Saudi LLC decides the Bangladesh side: exporters go through a Bangladesh Bank committee and the ERQ account, other companies start with their bank, and non-resident Bangladeshis usually skip it. If the Saudi work is one contract for your Bangladeshi company, compare a Saudi branch of a Bangladeshi company; we often recommend the LLC instead.
| Owner | Bangladesh side | Papers | Saudi result |
|---|---|---|---|
| Eligible exporter | Bangladesh Bank committee, through your bank; funded from the ERQ account | RJSC papers, trade licence, e-TIN, accounts | LLC owned by your company |
| Other Bangladeshi company | Ask your bank first; outside the exporter route | RJSC papers | LLC owned by your company |
| Non-resident Bangladeshi | Usually no Bangladesh Bank step for money held abroad | Passport, bank reference | Saudi LLC under your own name |
LLC services
What forming a Saudi LLC from Bangladesh includes
Forming a Saudi LLC from Bangladesh starts with the money, not the paperwork: the capital is sized to the Bangladesh Bank exporter cap before the articles, the CR and the activation filings are done.
One-person LLC
A single Bangladeshi shareholder is enough.
Articles of association
Drafted with our Saudi legal partner: your shareholding and the manager's powers.
Commercial Registration
Trade name, CR, National Address and Chamber.
Tax set-up
ZATCA registration, VAT at 15% above SAR 375,000 of sales, e-invoicing. Late VAT registration is the penalty we see most.
Activation
GOSI, Qiwa, the Saudi corporate bank account and the manager's Iqama.
Numbers to plan with
Bangladesh–Saudi figures that shape the plan
The Bangladesh Bank exporter cap sets how much capital the Saudi LLC can start with, and Saudi income tax of 20% applies to the profit Bangladeshi shareholders own.
26 Jan 2022Bangladesh Bank sent the equity-investment-abroad rules to authorised dealer banksBangladesh Bank FEID circular
20% / 25%Exporter cap: the lower of 20% of average annual export earnings or 25% of net worthEquity Investment Abroad Rules 2022
4 Jan 2011Bangladesh–Saudi tax treaty signed; NBR lists it in effectNBR treaty list
20%Saudi income tax on profit owned by Bangladeshi shareholdersZATCA and VAT guide
The route
From a Bangladeshi exporter to a trading Saudi LLC
A Bangladeshi exporter reaches a trading Saudi LLC in five steps; the capital leaves the ERQ account fourth, once Bangladesh Bank approves and the Saudi account is open. The foreign-owned LLC formation guide covers the Saudi filings for every nationality.
- 1BangladeshActivity and funding checkSaudi activity confirmed; Bangladesh Bank cap worked out.
- 2BangladeshPapers e-apostilledRJSC papers, trade licence and resolution.
- 3Saudi ArabiaMISA and CRFiled under your power of attorney.
- 4BangladeshCapital sentFrom the ERQ account once approved and the Saudi account is open.
- 5Saudi ArabiaActivationTax, employer files, bank and residency.
LLC questions from Bangladesh
Saudi LLCs for Bangladeshi owners: your questions
How much can a Bangladeshi exporter invest in Saudi Arabia?
Under the 2022 rules, the lower of 20% of average annual export earnings or 25% of net worth, approved by a Bangladesh Bank committee chaired by the Governor. You apply through your bank.
Which account does the money come from?
The export retention quota (ERQ) account, under the exporter route.
We aren't exporters. Can we invest?
Talk to your bank's foreign exchange desk first; outside the exporter route, Bangladesh Bank decides case by case.
Can one Bangladeshi own the Saudi LLC alone?
Yes. Saudi law allows a one-person LLC, so a single Bangladeshi shareholder is enough.
How is the Saudi company taxed?
20% income tax on profit owned by Bangladeshi shareholders, 5% Saudi withholding on dividends, and VAT at 15% above SAR 375,000 of sales. The Bangladesh–Saudi tax treaty signed in January 2011 is in force.
Should the money leave Bangladesh before the company exists?
No. It moves once the Saudi company has an account to receive it.
All 8 divisions
Saudi companies for owners across Bangladesh
Garment exporters in Dhaka, Gazipur and Narayanganj and port businesses in Chattogram follow the same route; the bank step happens through your own bank's branch. The Bangladesh desk page sets out every step from first call to residency.
DhakaBangladesh Bank step via your bank
ChattogramBangladesh Bank step via your bank
RajshahiBangladesh Bank step via your bank
KhulnaBangladesh Bank step via your bank
SylhetBangladesh Bank step via your bank
BarishalBangladesh Bank step via your bank
RangpurBangladesh Bank step via your bank
MymensinghBangladesh Bank step via your bank
Non-resident BangladeshisIn the Gulf, UK or Malaysia
Bangladesh desk · GMT+6
Plan your Saudi company and the Bangladesh Bank step together
Tell us your export earnings route and the Saudi activity. We reply within one working day with a plan and a fixed fee.