Company Registration in Bangladesh Requirements

Bangladesh is very open to foreign ownership, which allows up to 100% foreign ownership in most areas. In some areas, however, you need government approval and some sectors limit local and foreign investment.

Similarly, other benefits include the right to purchase land and property on behalf of the company, tax incentives, etc.

The need for capital

Bangladesh does not require any official minimum funding. For this reason, $ 1 is considered a minimum capital contribution. However, the investor should keep in mind that if they intend to give work to overseas employees, then they should be sent in less than $ 50,000.

Legal organizations are available in Bangladesh

Private Limited Liability Company: Many companies in Bangladesh are registered as Limited Liability Companies (LLC). This obligation is limited to shareholders' equity and the PLC in Bangladesh can be wholly foreign-owned. Any person over 18 years old is able to register the company. In addition, the law has at least two and more than 50 shareholders, and two directors propose. Also, keep in mind that you can build a joint venture with a local organization to share powers and reduce risks.

Public Limited Company

By contrast, a public limited company can invite people to share and usually register a stock market. The stock company has at least 7 members, there are three directors who do not have a maximum shareholder. Doing Business in Bangladesh Their shareholders can be any legal entity or anyone over 18 years of age in Bangladesh. Enabled by law. Can collect money from the public In addition to the Companies Act of 1994, it must be in line with the 1993 Law on Securities and Exchange Offices.

Steps to register a company in B.D.

Approval of the name

First of all, you need to get approval from the Register of Join Stock Companies and Firms (RJSC) for your company name.

Required documents

Second, you need to compile the members of the Association (AOA) and the Memorandum of Association (MA). When preparing them, you need to make it as a different form, such as the requirement that the RSJC be in line.

Opening of bank accounts

The third thing is if you are planning to enroll overseas employees, you should open a bank account on the proposed company name and send a minimum amount of $ 50,000.

Submission of documents to RSJC

At this stage, you need to get all the necessary documents, RJS You need to make deposits and pay a fee. You can also, refer to the RCS for the installation certificate during the standard process period.

Registration compliance

So far, you have a Membership Association Certificate (AAA) and a Memorandum of Association (MAA) and have a newly registered company in Bangladesh. You must continue with some additional licenses and registry:

•         Business license

•         Tax Identification Number (TIN)

•         Certificate of VAT registration

•         Certificate of fire.

•         Ecological approval certificate

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