Business Registration Number in Bangladesh: How to Apply and Verify

Method 6 Legal Form & Business Registration in Bangladesh. There are many legal and regulatory requirements to open a business in Bangladesh, and getting a business registration number in Bangladesh is one of them. This figure is more than just a symbol that tells the authorities that your business is legitimate; it also plays an important role in many transactions, both locally and internationally. Companies cannot open bank accounts or apply for loans, and they can’t even sign official contracts without them.

In this post today, I will discuss the company registration number in Bangladesh, including what it is, why you need it, how to apply for it, and if you have received a company registration number, how to verify its authenticity online. By the end, you will ‘get’ the process as well as its magnitudes.

What is the Business Registration Number in Bangladesh?

BRN Number in Bangladesh. What is the BRN (CR number/ CRN number) for Companies in the country of Bangladesh? What is the register of the Company’s details that you will get from the email once the RJSC is completed for you? It is provided after registration of the Firm under the Companies Act, 1994.

This number:

• Proof of your legal existence.
• Empowers the entity to perform its duties.
• It is for tax reasons.
• Available for public procurements & government orders.

That’s why the company registration number in Bangladesh is a mandatory thing for all kinds of companies, like private limited companies, public limited companies, or foreign companies in Bangladesh.

Legal Framework Behind the Business Registration Number

No statute explicitly deals with registration of a BRN in Bangladesh, but there are applicable laws under which you can register for a business in the country. Key BRN registration statutes Oversee RJSC, and they include: The Companies Act 1994. This is not the end; there are laws, such as tax law and labor law, that require an authorized company registration number in Bangladesh to be followed.

For example:

• For TIN/VAT Reg Contractors (Companies): In case of BRN/TIN or VAT Registration with the National Board of Revenue, Bangladesh, A company should submit its BRN Bangladesh.
• FIs and Banks validate CRN Bangladesh before giving a loan or opening a company account.
• The BIDA clearance for FDI also carries a verification of the RJSC registration number.

Types of Businesses That Require a Company Registration Number Bangladesh

Business, Business or Corporate brand name registration number for Bangladesh. Every Company needs. Common business structures include:

Private Limited Company

The Most Popular Business in Bangladesh. The minimum number of directors and shareholders is two. After induction, it is referred to as CRN Bangladesh.

Public Limited Company

Bigger players who could sell shares to the public. Even these need to have the company registration number in Bangladesh for them to begin functioning.

Foreign Branch/Rep Office

A foreign company can establish a branch or liaison office in Bangladesh, provided it is registered with the RJSC and holds a business registration number in the country.

Partnerships and Proprietorships

So yes, small businesses work on an easy system, but this doesn’t mean that they would not require a BRN Bangladesh for law and tax purposes.

Why a Business Registration Number in Bangladesh is Essential

Business registration number of Bangladesh is no longer a formality, it’s a trust in each other and walking hand in hand in good opportunities.

• Legal Immunity – The companies incorporated are artificial persons under Bangladeshi law and protected by way of a corporate veil.
• Tax Compliance – If you submitted the corporate tax return, receipts for VAT registration, registration number, Bangladesh Companies registration no., company turnover varies from 5-7%.
• Banking Access: You have to confirm the RJSC registration number in order to open an account or take a loan.
• Investors Trust – In many cases, foreign investors and partners want to confirm the CRN in Bangladesh before doing any business with companies.
• Market Opportunities – There are also a number of Bangladesh tenders (published by the GOVT) for projects that are currently out in the market, and contain mandatory requirements that suppliers must have their Bangladeshi BRN as part of their bid submission.

Step-by-Step Guide: How to Apply for a Business Registration Number in Bangladesh

Step 1: Obtain Name Clearance from RJSC

Pick an original company name! Name clearance application Name clearance application will have to be made by the Enterprises on the GOB(RJSC) portal. It can’t be an existing business name or too much like one.

Step 2: Prepare Legal Documents

Applicants must draft:

Memorandum of Association (MoA).

Articles of Association (AoA).

Form IX (consent of directors).

Directors’ and shareholders’ personal details.

It’s documentation that shows the world who you are, how you work, and what your business is.

Step 3: File with RJSC

File everything online, which includes any documents and the fees. Its incorporation by the RJSC, if approved.

Step 4: Receive CRN Bangladesh

Upon company registration in Bangladesh, the Company is issued a CRN Bangladesh. It’s the number that is going to go on every single need, legal, and tax transaction henceforth.

How to Verify a Business Registration Number in Bangladesh

That’s supported by a verification that lets you see the business hasn’t been operating illegally.

Online Verification through RJSC

• Visit the RJSC official website.
• Type in your RJSC registration number into the search textbox.
• View full Company and officers’ details for free. All company appointments, roles, and the status of officers.

Offline Verification

Further evidence could be confirmation on the investor/partner, or applying for certified copies of incorporation documents at the R JSC offices, which would also have been asked for.

And this is increasingly important when you are working with mom and pops or foreign buyers suspicious of credibility.

RN Licensure by Endorsement Application Checklist documentation required to apply for BRN License by endorsement Submit Original Transcript – Transcripts must be on official transcripts; photocopies and computer-generated paper copies are NOT acceptable.

Documents Needed to Apply for BRN Bangladesh

• Name clearance certificate from RJSC.
• MoA and AoA.
• IDs/Passports of Shareholders and Directors.
• Registered office address.
• Tax Identification Number (TIN).
• Deposit bank money as start-up cash.

Together, these papers are sure to receive our company registration number in Bangladesh.

Challenges Faced While Applying for a CRN Bangladesh

A lot of those who end up not applying do so for the following reasons:

• Name rejection due to similarity with existing companies.
• Incomplete documents that delay approval.
• Payment errors during online submission.
• No or lack of familiarity with the RJSC platform.

That is the reason why so many companies decide to hire professional advisors who know how to get a business registration number fast.

Difference Between BRN Bangladesh and CRN Bangladesh

BRN Bangladesh / CRN Bangladesh Although these are used interchangeably, the roles between BRN Bangladesh and CRN Bangladesh are not the same:

• CRN Bangladesh: Abbreviation for Company Registration Number Bangladesh, and the issuing authority is RJSC once the Company is formed.
• BRN Bangladesh: Business Registration Number is also required for tax, VAT & compliance work with NBR or the authority of any other regulator.

Both are necessary for a business to operate as an entity, and the law does.

How Foreign Investors Use a Company Registration Number Bangladesh

Business owner (nonresident Bangladesh), Business registration number in Bangladesh is an essential thing to believe. For instance, A Singapore company setting up a liaison office in Dhaka will need to register with the RJSC by applying for a CRN Bangladesh online. It will then use that TIN to apply for taxes, open bank accounts, and hire employees correctly.

By doing the authentication by the RJSC registration number, foreign partners got confidence that the Company is operating under the legal jurisdiction of Bangladesh.

Common Mistakes to Avoid When Getting a Business Registration Number

• Selection of a Name without checking from the RJSC.
• Submitting incomplete or inaccurate documents.
• Ignoring professional legal assistance.
• Failure to refresh data in the update/recap of joint stock companies.

By avoiding these obstacles, you can help yourself obtain a company registration number in Bangladesh without any inconvenience.

How to Get Business Registration Number Easily with Professional Help

Most entrepreneurs are left to stand on foot 1, trying to decipher the mystery of the business’s alternative register number. Engaging experts can help by:

• Preparing and reviewing documents.
• Managing communications with RJSC.
• Ensure 100 percent compliance across the board.

It’s a quick shortcut that ensures you won’t get flat-out rejected.

Conclusion

How to Get a Business License in Bangladesh. A business registration number in Bangladesh is the keystone of all legal and professional commerce, businesses that open up to go beyond national bounds. Irrespective of whether you may be providing services or launching a large multinational subsidiary, an SME, or even a start-up Company, you simply can’t afford to ultimately NOT register a Company in Bangladesh and therefore get your own company registration number in Bangladesh!

At every stage, from application to background checks, the businesses would become known to the government and could operate legally. If one can understand the difference between CRN Bangladesh and BRN Bangladesh, in addition to how to obtain a business registration number, then they can evade some of the usual mistakes and set their enterprises on solid ground.

In today’s competitive world, a Bangladesh company registration number is not only an obligatory prerequisite but also the passport for the business to grow and survive.

Frequently Asked Questions (FAQs)