Business Registration Service in Bangladesh
Many people run or are beginning businesses today; many more dream of doing so. Even in these challenging economic times, business people continue to invest in a variety of businesses.
Nothing has prevented aspiring business owners, whether young and old, from launching and growing their enterprises. It might be challenging to launch a business, and the entrepreneur must deal with this paperwork. The registration of the corporation is another significant piece of paperwork.
Many people run or are beginning businesses today; many more dream of doing so. Even in these challenging economic times, business people continue to invest in a variety of businesses.
Nothing has prevented aspiring business owners, whether young and old, from launching and growing their enterprises. It might be challenging to launch a business, and the entrepreneur must deal with this paperwork. The registration of the corporation is another significant piece of paperwork.
What to look for in a business offering these services:
- business registration
- Registration of ABN
Registration of a business name
5 Benefits of Business Registration in Bangladesh
1. Taking a Record
Making sure your company name is not registered by another party is one of the many benefits of getting your business registered with the local, state, or federal government.
2. Declaration of Incorporation
A certificate of incorporation will be given to you by the relevant government body.
The Corporate Affairs Commission (CAC), a federal organization with the authority to register businesses and issue certificates, is used by the Federal Government of Nigeria to issue documents in Nigeria.
3. Customers Perception
It can be quite tough to establish a good reputation, especially with clients and consumers with whom you have never done business.
The assurance that consumers are doing business with a trustworthy company is provided by registration for your firm.
4. Protection from Liability
When your company is registered as a Limited Liability Company, you are a different legal entity from it. Additionally, you are protected from responsibility.
5. Obtaining Credit
When your business is registered, obtaining a loan is more simpler than applying for a personal loan.
The Value Of Business Registration In Bangladesh
When thinking about establishing a new business in Bangladesh or moving your current one there, keep in mind that the majority of Bangladeshi businesses are registered as private limited liability corporations (commonly known as private limited companies).
You should be aware that a One Person Company provision exists (OPC in short). However, due to some limitations, we do not suggest that our clients form an OPC. In Bangladesh, a private limited company is a distinct legal entity, and its shareholders are alone responsible for the share capital they have invested.
Any person (foreign or domestic) over the age of 18 may register a business in Bangladesh in accordance with the Companies Act of 1994.
Overview of Bangladesh’s Legal Entities
Type of Entity | Maximum allowed foreign ownership | Minimum paid-up capital | Minimum no. of shareholders |
Private Limited Company | 100% | $1* | 2 |
Public Limited Company | 100% | $1* | 7 |
Subsidiary Company | 51%-100% | $1* | 2 |
Branch Office | 100% | No capital* | No shareholders |
Representative Office | 100% | No capital* | No shareholders |
CTA: Contact Emerhub by completing the form below. You can register a corporation in Bangladesh with the help of our advisers.