Company Registration in Bangladesh by LicenseSheba.com

Company Registration in Bangladesh: A Comprehensive Guide for Entrepreneurs and Investors

Company Registration in Bangladesh
Company Registration in Bangladesh: A Comprehensive Guide for Entrepreneurs and Investors

Company Registration in Bangladesh: A Comprehensive Guide for Entrepreneurs and Investors.

Are you an entrepreneur or investor looking to start a business in Bangladesh? The first step towards starting your business is to register your company in Bangladesh. In this article,  we will provide you with a comprehensive guide on company registration in Bangladesh.

Step 1: Determine the Type of Company You Want to Register

The first step in company registration in Bangladesh is to determine the type of company you want to register. The different types of companies include private limited companies, public limited companies, one-person companies, joint ventures, partnerships, and others. Each type of company has its own requirements and benefits, so it is important to choose the right one for your business.

Step 2: Choose a Unique Company Name

Once you have determined the type of company you want to register, the next step is to choose a unique company name. The company name must be approved by the Registrar of Joint Stock Companies and Firms (RJSC) and must not be similar to any existing company names in Bangladesh.

Step 3: Prepare Necessary Documents

Before you can register your company in Bangladesh, you will need to prepare a number of documents. These include the Name Clearence, Memorandum of Association (MOA), the Articles of Association (AOA), and the company’s provisional bank documents. You will also need to provide a copy of your passport and the passports of all directors and shareholders.

Step 4: Open a Provisional Bank Account for Your Company

When you completed the draft of MOA, AOA and required Forms, you will need to open a provisional bank account to bring business capital in Bangladesh. This can be done at any commercial bank in Bangladesh.

Step 5: Register Your Company with the RJSC

The next step in company registration in Bangladesh is to register your company with the RJSC. This can be done online. The RJSC will review the documents you have submitted and approve your company’s registration if everything is in order.

Step 6: Obtain Tax Identification Number (TIN) and VAT Registration

After your company has been registered with the RJSC, you will need to obtain a Tax Identification Number (TIN) and Value Added Tax (VAT) registration. This can be done through the National Board of Revenue (NBR).

Step 7: Open a Bank Account for Your Company

Once you have obtained your TIN and VAT registration, you will need to open a bank account for your company. This can be done at any commercial bank in Bangladesh.

Registering with Bangladesh Investment Development Authorities: Bangladesh Investment Development Authority (BIDA) is responsible to facilitate foreign investments in Bangladesh. BIDA’s responsibilities include issuing work permits for foreign employees, visa for foreign investors, process loan from foreign sources, approval of remittance of royalties & technical fees, assisting in obtaining industrial plots, facilitating utility connections, approval of the foreign loan, suppliers credit, and assist and advice on many investment-related issues. Foreign Investors with Industrial Projects are strongly advised to register with BIDA upon the incorporation of their limited company.  However, for Commercial or trading Companies, there is no requirement for registration with BIDA. The typical time frame for obtaining registration is about 7-10 working days.

In conclusion, company registration in Bangladesh can seem like a complex process, but with the right guidance and preparation, it can be completed smoothly. By following the steps outlined above, you will be well on your way to starting your business in Bangladesh.

Keywords: company registration, Bangladesh, entrepreneur, investor, private limited company, public limited company, one-person company, limited liability partnership, RJSC, memorandum of association, articles of association, TIN, VAT registration, Department of Labor, bank account.

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