Supplier Due Diligence · KYB · Bangladesh
Vendor Onboarding and KYB in Bangladesh
Check that a Bangladeshi supplier, distributor or service partner is real, properly licensed and owned by who they say, before you sign or pay. We verify documents at the source, map owners, screen for sanctions and set the vendor up in your system.
Overall risk ratingLow
Illustrative report. Company name is fictional.
What is KYB vendor verification?
KYB, or Know Your Business, is the process of confirming that a company is legally registered, actively licensed and controlled by identifiable owners before you do business with it. For vendors in Bangladesh, it means checking records with bodies such as the RJSC, the National Board of Revenue and the local city corporation, then screening the owners and visiting the premises where needed.
Documents
Bangladesh Business Documents We Verify
Each document is checked against the issuing authority or its public record, not just read from a scan.
Certificate of Incorporation
Confirms the company legally exists and its registration number
Memorandum and Articles
Shows what the company is allowed to do and who signs for it
Director and shareholder filings
Lists the people who run and own the company
Trade licence
Confirms the business may trade from its stated address
e-TIN certificate
Confirms the company is registered for income tax
VAT BIN
Confirms VAT registration for invoicing
IRC or ERC
Needed by importers and exporters
Bank account and solvency letter
Confirms payments go to the company itself
RJSC: Registrar of Joint Stock Companies and Firms. NBR: National Board of Revenue. CCI&E: Office of the Chief Controller of Imports and Exports. Extra permits apply in some sectors.
How it works
Our Six-Step KYB Process
Each step narrows the risk, so you get one clear rating at the end.
Warning signs
Vendor Red Flags We Look For
Any one of these does not prove fraud, but each one needs an answer before you pay.
What you receive
A Verified Vendor, Ready for Your System
Every check ends with a written KYB report and a vendor record your procurement or finance team can load straight into the ERP. Supporting documents are stored with the report, so audits and renewals do not start from zero.
Need a supplier or partner found first? See distributor and channel partner search, or strategic vendor management for ongoing supplier performance.
After onboarding
Ongoing Vendor Monitoring
A vendor that passed last year can lapse this year. We keep watching after the first check.
Re-screening of owners against sanctions lists and news
Check that bank details and contacts have not changed
Trade licence, tax registration and IRC or ERC renewals
Full re-check after ownership change, address move or a red flag
Bar length shows how often each check runs. Monitoring scope is agreed per vendor tier.
FAQs
Vendor Onboarding and KYB in Bangladesh: FAQs
Something else? Email [email protected] or call +880 1711-990020.
What is KYB?
KYB, or Know Your Business, is the process of confirming that a company is legally registered, actively licensed and controlled by identifiable owners before you do business with it.
What is the difference between KYC and KYB?
KYC verifies an individual person. KYB verifies a business, including its registration, licences, bank account and the people who own and control it. KYB usually includes KYC checks on those owners.
What documents are needed to verify a company in Bangladesh?
Typically the certificate of incorporation and memorandum and articles from the RJSC, a current trade licence, an e-TIN certificate, a VAT BIN, an IRC or ERC for importers and exporters, and a bank letter confirming the company account.
How do you find out who owns a Bangladeshi company?
We review the company’s RJSC filings on directors and shareholders. Where a shareholder is another company, we follow the chain until we reach the individuals who ultimately own or control it, then screen each person.
Can you visit a supplier's factory or office?
Yes. We check that the premises exist at the licensed address, take dated photos and confirm the operation matches what the vendor claims. A video walkthrough is an option for lower-risk vendors.
Do you screen vendors for sanctions and adverse media?
Yes. Owners and the company are screened against major international sanctions and watch lists, and against local and international news for fraud, corruption or legal disputes.
How long does a KYB check take?
Usually a few working days per vendor once the document pack is complete. Site visits and complex ownership chains take longer.
Do you monitor vendors after onboarding?
Yes. We track licence and registration renewals, re-screen owners on a set schedule, and run a full re-check if the vendor changes ownership, address or bank details.
How is vendor KYB priced?
Per vendor check, based on the risk tier, with site visits and monitoring priced separately. We confirm the fee in writing before starting.
Verify Your Next Bangladeshi Vendor
Send us the vendor’s name and any documents you already have. We will reply with the checks needed for its risk tier and a fixed fee in writing.
BPO Bangladesh · Suite 610, 5th Floor, Rupayan Shopping Square, Bashundhara R/A, Dhaka 1229 · +880 1711-990020
Most checks start within one working day of receiving documents.