Guidelines For Register A New Company Inside Bangladesh
This page offers a simple, step-by-step process for register a new company in Bangladesh with the purpose of helping and guiding the Promoters. Let's get started !
Documents Required To Register A New Company
The company registrar requires the following details in order to register a new company in Bangladesh:
1. Company Name
The name must have approval (clearance) before the company may be registered in Bangladesh.
4. Paid-Up Capital
The minimum paid-up capital required to register a new company in Bangladesh is one Taka. It can be increased.
In Bangladesh, a private limited company may have a minimum of 2 and a maximum of 50 shareholders.
5. Reg. Address
To register a new company in Bangladesh, you must provide a local address as the registered address of the company.
3. Allowed Capital
The Memorandum of Association and Articles of Association both need to specify the allowed capital.
6. MoA & AoA
The company that will be formed must draft its articles of association (AoA) & memorandum of association (MoA).
Consideration For Foreigners During Company Registration
Relevant Information For Foreign Investors
When a limited company is formed, foreign investors having industrial projects are highly encouraged to register with BIDA. However, registration with BIDA is not necessary for commercial or trade companies. The normal wait period to get registered is between 7 and 10 working days.
- The approved capital determines how much it will cost to register a new company, in general.
- Shelf businesses are not allowed; the corporation must have a physical location in Bangladesh.
- The forex regulations in Bangladesh permit the full repatriation of gains and investments.
- Foreign nationals may work with locals at a ratio of 20:1, provided they have the required work permits.
- FDI investments may be made at 100%, with very few exceptions.
- Directors may be from abroad or locally.
- Traditional corporate income tax rates range from 25% to 45%, depending on the industry and type of business.
Required Documents For Foreigners
Foreigners who want to start a business in Bangladesh must examine the following factors: You must put in the initial paid up capital and register a bank account in the proposed company's name with the name clearance received from Registrar of Joint Stock Companies and Firms (RJSC), also known as the registrar of companies. This is a requirement for Bangladeshi company incorporation. You can complete all company incorporation procedures without traveling to Bangladesh. Depending on the bank you select, creating a bank account can be the lone exception. All of the shareholders and directors may be foreigners. If you only wish to form a private limited company and do not have any plans to move to Bangladesh, you are not need to obtain any special visa. You are free to run your business remotely and are also allowed to come to Bangladesh on a business visa when necessary to handle urgent business problems. You must acquire a work permit if you intend to move to Bangladesh to run your business.
Post-Registration Formalities For Register A New Company
Documents RJSC has Published:
- Certificate of Registration: The company’s Certificate of Incorporation will be issued by RJSC. The registration number, company name, and incorporation date will all be listed on the certificate.
- Form XII: The names of directors for the corporation is contained in Form XII.
- Certified versions of the MoA and the AoA
- In addition, you’ll almost probably require the following when registering your Bangladeshi company:
- Certificates of ownership for each shareholder.
- Register directors, shares, shareholders, etc.
- An organization’s seal
- A company’s rubber stamp
License Applications For TIN, Trade Licenses, And Other Licenses
You should purchase a commercial space or lease a property in any commercial area after register a new company. The next step is to apply for a trade license & tax ID number. You can require additional business permits, depending on the commercial operations of your organization.
Requirements For Filing Returns
Annual Report: An annual meeting should be held every year. The AGM must be held in 18 months of register a new company, and there can be a maximum of 15 months between AGMs after that.
Regular Return: Within a specific timeframe, a suitable return should be filed with the RJSC in the event that the board of directors, the shareholding structure, or any other change.
We are among the top experts in company formation in Bangladesh. For more than 14 years, we have offered a quick, easy, and affordable option for you to register a new limited company anywhere in the world.
This includes: The current £15.95 Companies House Incorporation Fee.
Incorporation takes place in 3–4 working hours on average and includes a digital certificate of incorporation, digital memorandum and articles of association, and digital share certificates.
A variety of optional value-added goods and services are also available for you to select from, making it easier for you to set up your new company.
This formation service for non-profit organizations includes the following in addition to the required incorporation fee:
Print Certificate of Incorporation along with the electronic version.
The Memorandum and Articles of Association shall be in two bound copies in addition to the electronic copy.
Free filing of your own unique Memorandum and Articles, or just outline the company’s objectives
Average turnaround time for incorporation is 3–4 hours.
No. You simply respond to a series of simple questions online.
Please Get In Touch With Us If You Require Expert Assistance With Register A New Company
This guide will provide you a thorough understanding of the requirements, process, and schedule for registering a private limited business in Bangladesh. Bangladesh has a collection of initial and continuing regulatory requirements for establishing and running a business, similar to the majority of other nations.