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Cost CalculatorContact LicenseBox for Company Registration in Bangladesh!
To register your company in Bangladesh easily, connect with Licensebox consultants. We will help you draft all the mandatory documents required for company incorporation in Bangladesh and also file the application form with the Registrar of Joint Stock Companies and Firms on your behalf. We’ll ensure that your company is registered successfully in Bangladesh and that you are 100% compliant throughout the entire process.
Process of Company Registration in Bangladesh
Business Registration in Bangladesh
Bangladesh is gaining prominence as one of the leading nations in marketing, technology, capital, and finance. It is famous for its booming textile industry. With every passing year, the GDP of Bangladesh has been improving. If you plan to open a company abroad, you can consider company incorporation in Bangladesh. The country actively promotes foreign investments and also offers tax exemptions which can benefit the business owners. Moreover, the country also has cheap skilled labor and low cost of business setup.
If you want company incorporation in Bangladesh, connect with Licensebox consultants. We’ll provide you with our professional guidance and comprehensive support so that your company can get registered successfully!
Requirements for Bangladesh Company Registration
For starting a business in Bangladesh, the following eligibility criteria must be met:
- The company must appoint a minimum of two directors (either local or foreign individuals).
- Directors must be at least 18 years of age and not bankrupt.
- In the case of a private limited company, 2 to 50 shareholders are permitted. These shareholders may be individuals or legal entities, including other companies.
- In the case of a partnership, a minimum of two and a maximum of 20 partners are allowed.
- In most sectors, 100% foreign ownership is permitted.
- There is no minimum or maximum limit for authorized capital.
- The minimum paid-up capital for Bangladesh company registration is 1 Taka.
- The company must have a local physical address, which can be residential or commercial.
- A bank account must be opened in the name of the company to receive and send payments.
The following documents are mandatory for establishing a company in Bangladesh:
- Name approval certificate from the Registrar of Joint Stock Companies And Firms (RJSC)
- Memorandum of Association and Articles of Association and other relevant corporate documents.
- A detailed narration of the company’s business activity.
- Detailed information of the shareholders.
- National ID of directors or shareholders in case they are Bangladeshi
- A copy of foreign directors’ and shareholders’ passports
- The company’s registered office address details.
The process of company registration in Bangladesh involves multiple essential steps. Each and every step of this process must be completed carefully for successful company formation in Bangladesh. Let’s take a look at all the steps:
Step 1: Choose the Company Name and Obtain Approval
For business registration in Bangladesh, it is crucial to choose the company name. Make sure you pick a unique business name that isn’t offensive in any manner. After selecting the company name, you must apply for its approval from the Registrar of Joint Stock Companies And Firms (RJSC).
Step 2: Draft your Documents
You will be required to draft all the necessary documents such as Articles of Association and Memorandum of Association. You will have to submit them to RSJC, along with the application form for business registration. You can reach out to Licensebox consultants for assistance in this step.
Step 3: Open a Bank Account
If a foreign company wants to register as a shareholder of a Bangladesh company, the foreign company must pay its shareholding amount in the proposed Bangladesh company. For this, the foreign company must open a temporary bank account.
Step 4: Submit Application Form with RJSC
After the application form and all the relevant documents have been submitted, RJSC will carefully review them. If satisfied, the authority will approve the company registration application. In this step, you will also have to pay the registration fees as part of the company registration cost in Bangladesh. After this, your company will issue a certificate of incorporation in Bangladesh.
Step 5: Obtain Licenses to Ensure Post-registration Compliance
Once the process of company registration in Bangladesh has been completed, you will still need to apply for required licenses and registrations, such as Trade License, Fire Certificate, Tax Identification Number, VAT Registration Certificate and Environmental Clearance Certificate. By obtaining all the necessary licenses and registrations, you will ensure compliance with the rules and regulations of Bangladesh.
Benefits of Doing Business in Bangladesh
There are many benefits of business registration in Bangladesh because of which you can consider business setup there. Some of these benefits are mentioned below:
- Bangladesh is one of the fastest growing economies in the world. The rapid economic growth of this country presents a rising number of opportunities for opening businesses in Bangladesh.
- It is famous for its cheap labor. This can help you save on business costs.
- The country offers 100% foreign ownership for businesses in most sectors.
- The cost of doing business in Bangladesh is much cheaper than in many other countries.
Get Registration of Business in Bangladesh with Licensebox’s Assistance!
It can be a tricky process to establish a business abroad, particularly if you’re not fully aware of the country’s legal and regulatory frameworks. However, by choosing Licensebox as your reliable partner in the company incorporation process, you can rest assured that your company will get successfully registered in Bangladesh.
Our advisers will assist you in obtaining all required documentation for the incorporation of a company in Bangladesh and will submit an application on your behalf to Registrar of Joint Stock Companies And Firms (RJSC). We’ll provide you with regular updates on the status of your application. Let us help you to fulfill your dream of starting a business in Bangladesh!
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Testimonials
Malavika Sen
Kolkata, India"I approached Licensebox to help me with trademark registration in Canada, and I am beyond satisfied with their service. As an entrepreneur based in India, I was initially overwhelmed by the complicatedness of international trademark laws. However, the team at Licensebox made the entire process straightforward and stress-free for me."
Adya Sharma
New Delhi, India"Seeking assistance from Licensebox for my company’s registration in Singapore has been an absolute gamechanger. I want to thank everyone at Licensebox for helping me in incorporating my company in Singapore. If anyone wants to set up a company in Singapore, I wholeheartedly recommend Licensebox - they’re the best in business!"
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Bangalore, Karnataka"I contacted Licensebox for help with trademark registration in the UK. They helped me gather all the required documents for trademark registration and also in filing the application with the concerned authority. If you’re looking for assistance in trademark registration, I recommend you to approach Licensebox. You won’t be disappointed."
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Pune, Maharashtra"I consulted with Licensebox for company incorporation in UAE, and I couldn’t be happier with the service I received. I never thought it’d be so easy to get my company incorporated in a country with rules and regulations I was unfamiliar with but Licensebox made it seem like a cakewalk"
FAQs about Company Registration in Bangladesh
A. The Registrar of Joint Stock Companies And Firms issues a certificate of incorporation in Bangladesh.
A. Anyone aged 18 or older can form a company under Canada Business Corporations Act, as long as they are not undischarged bankrupt and are of sound mind.
A. No. The director of a company must be at least 18 years of age.
A. Yes, for most industries, 100% foreign ownership is allowed for business in Bangladesh.
