If you’re new to importing, it’s easy to confuse the different registration numbers Bangladeshi businesses need. The Business Identification Number (BIN) is one of the most important for anyone who plans to import goods commercially.
What BIN Actually Is
BIN is issued by the National Board of Revenue (NBR) under the VAT online system and is used to identify a business for VAT purposes. It’s separate from your Tax Identification Number (TIN), which relates to income tax, and your Trade License, which is a local government business permit.
Why Importers Need It
Customs authorities require a valid BIN to process most commercial import shipments, since import duty and VAT assessments are tied to it. Without one, your goods can sit uncleared at port while the paperwork gets sorted out — a delay that’s entirely avoidable by registering before you ship.
How to Register
- Apply online through the NBR VAT system
- Have your Trade License and TIN ready, as they’re required during BIN registration
- Keep your BIN certificate accessible for every shipment’s customs paperwork
Common Mistakes
The most common issue we see is businesses applying for a BIN only after their first shipment has already arrived, which adds unnecessary delay and demurrage cost at port. Sort this out before you place your first order, not after. Talk to us if you’re not sure which registrations you need for your specific import plan.
Frequently Asked Questions
What is a BIN and do I need one to import?
The Business Identification Number (BIN) is one of the key registration numbers Bangladeshi businesses need for commercial importing — see the guide above for how it fits alongside TIN and Trade License.
How do I register for a BIN?
The registration process is covered in the guide above — it is a common early step alongside Trade License and TIN registration for new importers.
What’s the difference between BIN and TIN?
They serve different regulatory purposes — TIN relates to tax identification while BIN relates to business identification for customs and VAT purposes. See the full guide above for the distinction.
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