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With the help of the experienced and highly qualified team, Bangladesh Consultant provides one-stop solutions for incorporating your business of any kind, may it be a company limited by shares or guarantee or with unlimited liability. The incorporation procedure is quite simple since the whole registration process could be done online. However, sometimes it could be very daunting if the applicant is not familiar with the process. Bangladesh Consultant could assist you with the process with utmost professionalism and care if you found yourself in the midst of difficulties. In order to set you off in the right direction, this guide is designed to make the process more convenient and hassle-free. We would endeavour to illustrate the process in as much detail as possible to make our clients acquainted with the procedure, however, if you need any further information or assistance we are just a phone call away. Please contact us.
The Preocess of Incorporating a private limited company in Bangladesh generally involves choosing a company name, preparing necessary documents (like the Memorandum and Articles of Association), obtaining name clearance from RJSC, and filing the incorporation application.
With years of experience in corporate registration and financial consultancy, we streamline the registration journey so you can focus on building your business. From securing the right paperwork to offering compliance advice, we ensure your public limited company is set up smoothly and successfully.
To Setup a Branch office in Bangladesh you need approval from the Bangladesh Investment Development Authority (BIDA). This involves submitting an application with key details, including your company’s profile, business activities, and the proposed branch office functions.
Forming A Joint Venture Company in Bangladesh requires legal expertise, strategic planning, and compliance with Bangladesh’s corporate laws. At Bangladesh Consultant, we provide end-to-end support from finding the right partner to legal documentation and approvals.
A liaison/representative office is the perfect way to establish your presence without engaging in direct commercial activities. It allows foreign companies to conduct market research, coordinate with local partners, and promote brand visibility. At Bangladesh Consultant, we make the process hassle-free by handling all the paperwork and approvals for you.
Bangladesh holds exceptional opportunities for both business investors and entrepreneurs. There are several benefits for people willing to register a company in this country:
As alluring as Bangladesh is for business, the nation also provides specific favorable tax policies. For example, consider the reduced rate of corporate tax, which differs from sector to sector (ranging between 10% and 45%). Bangladesh also provides exemption allowances for IT, renewable energy, and agro-processing industries. For example, tax holidays are granted to IT companies for ten years, while green energy projects enjoy tax exemptions to a maximum limit of fifteen years.
Bangladesh is positioned in a way that makes its economy flourish as South Asia and South East Asia are within reach. The major trade routes traversing the country, like the Bay of Bengal, transform it into a global business hub. As a port country, Bangladesh conducts over 90% of its international trade through Chittagong and Mongla seaports.
Bangladesh has a highly priced, skilled, and significantly large labor pool. The minimum wage in the garment industry, the country’s largest export industry, is BDT 8,000 (approx. USD 75) per month. This exceptional feature enhances the opportunities for labor-intensive industries.
To stimulate foreign investment, the Bangladesh government has implemented policies such as simplified regulation procedures, special economic zones (SEZs), and an Investment Development Treaty. As of 2023, the country has more than 100 SEZs, which provide tax cuts, duty-free equipment imports, and a wide range of other benefits.
Bangladesh’s economy has been growing steadily over the last 10 years by 6-7% per year, with a GDP of USD 460 billion in 2023. The country has a growing middle class, with a population of more than 20%, which is a great potential market as they have increasing purchasing power.
Establishing your company in Bangladesh puts you in a good position to take advantage of these opportunities and achieve sustainable growth.
At Bangladesh Consultant, we pride ourselves on offering fast and effective company registration services. Here is what sets us apart:
Our firm has more than ten years of experience with local and international business registrations. We have helped over 300 clients establish their companies in Bangladesh, making us highly proficient in the process.
Not all businesses face the same challenges. This is why our services are fully responsive to your specific requirements, guaranteeing the utmost effectiveness when it comes to registering a company in your name.
We assist at every step, starting with the necessary documentation and finishing with compliance after registration. We strive to make your journey hassle-free and smooth.
Our intimate understanding of Bangladesh’s legislation and policies guarantees that your business will meet all local criteria and legal regulations.
Our clients always come first; we make it our mission to solve problems while maintaining open, professional, and honest working relationships.
Let us deal with the nitty-gritty details while you concentrate on taking your business to new heights.
Bangladesh offers a variety of business structures to suit your needs. The most common types include:
A limited liability company organizes one of the simplest and easiest forms of governance, making it the best fit for small and medium-sized businesses. This form of business makes up more than 70% of the registered companies in the country.
The best option for larger businesses intending to grow while attracting heavy investments is going public. Public limited companies can issue shares to the public to raise capital.
This type of office allows foreign entities to carry out business activities in the country. A branch office is not regarded as an independent legal entity. However, it will enable global enterprises to trade under the parent company’s name.
A joint venture is an arrangement formed through a partnership between local and foreign businesses or parties. This particular form of enterprise enables businesses to use foreign investments, advances, and local skills.
A subsidiary company is incorporated separately; however, it is controlled and owned by a parent company. This arrangement limits liability and enables the parent company to maintain the company’s operations.
You are not alone in these considerations. Each structure has its own pros and cons, and we are here to help you make the best decision.
In Bangladesh, numerous processes are involved in Business registration, and here is a brief description of the steps.
As the foremost step, outline your business objective and requirements to decide which type of company you would like to register.
Once you have your preferred company name, send it to the Registrar of Joint Stock Companies and Firms (RJSC), where you will have to wait for approval. You must ensure the proposed name is not already taken and that it conforms to naming rules.
The next step is to formulate the Memorandum of Association and Articles of Association, which highlight your business’s objectives, rules, and other regulations.
Take all the indicated forms alongside the required documents, such as the Memorandum of Association, Articles of Association, and information pertaining to shareholders and directors, and submit them to RJSC.
You should also register an account with the National Board of Revenue (NBR) to receive a Tax identification number (TIN) and Value-Added Tax (VAT).
Transfer the minimum share capital required for your company type into a local bank account. The minimum paid-up capital for a privately held company limited by shares is BDT 1,00,000.
Following RJSC’s approval of your application, the business is now legally entitled to operate under the registered name after receiving the Certificate of Incorporation.
Our team at Bangladesh Consultant ensures a hassle-free process, saving you time and effort.
We help navigate challenges that may arise during the company registration process in Bangladesh, which can be daunting.
Bangladesh’s regulatory environment can be complicated and volatile at times. Our specialists know the outstanding legal actions, so your business is always covered.
The registration process can sometimes be hampered and take longer than usual due to incomplete or incorrect documentation. To mitigate these delays, we take special care in preparing and reviewing documentation.
Differences in language can act as barriers to foreign investors. Our bilingual staff facilitates smooth and precise communication throughout the process.
Completing the registration process can take quite a while. However, we’ve created a set of simplified processes alongside efficient documentation that ensures we meet deadlines.
The legal and tax responsibilities that follow can be daunting. We offer post-registration compliance assistance to ensure you satisfy your business’s regulatory obligations.
You can tackle these problems without hassle when you work with Bangladesh Consultant.
To register a company in Bangladesh, the following legal criteria need to be fulfilled:
Two shareholders are needed to register a private company, and a minimum of seven shareholders are needed for a public limited company.
A private company requires one director, who can be a local or foreign person.
Different types of corporations have different minimum paid-up capital amounts. For instance, private limited companies are usually set at 100,000 BDT.
To register a company, a physical office location in Bangladesh is needed.
Association members, including shareholders, must prepare, endorse, and deposit the Memorandum and Article of Association with the RJSC, which serves as the AOA.
Rest easy—we meet every single requirement, which allows us to facilitate the registration process smoothly without violating legal terms.
Investors can set up a business in Bangladesh by following these steps:
Choose business branches that suit your goals: joint venture, branch office, or subsidiary.
Ensure that consent is obtained from the Bangladesh Investment Development Authority (BIDA) or the appropriate government body. In 2022, BIDA sanctioned more than $3 billion in FDI (Foreign Direct Investment).
Apply for registration with the RJSC Registrar of Joint Stock Companies and Firms. Registering as a company also has legal requirements within the jurisdiction.
Fulfill capital requirements relevant to the company’s registration by opening a bank account in a local bank and placing the necessary funds.
Abide by the tax and labor law requirements that govern your business, such as having the relevant licenses and permits.
Bangladesh Consultant caters to foreign investors, which greatly simplifies the investment process as they do all the heavy lifting.
Private Limited Company: Suited to small and mid-size businesses. Requires minimum 2 shareholders, provides limited liability, and has restrictions on the selling of shares. Good for businesses that do not intend to raise funds from the public.
Public Limited Company: Most suitable for larger companies. Requires a minimum of 7 shareholders, facilitates the selling of shares to the public, and is best for companies wanting considerable funding for growth as well as expansion.
In Bangladesh, the standard duration is 2 – 4 weeks. This is subject to the time taken for document submission, approvals, and compliance measures. This period with Bangladesh Consultant can greatly improve due to our knowledge and processes.
For Local Companies:
For Foreign Companies:
If you’re a foreign investor, you can register an enterprise in Bangladesh. You can set up a branch office, subsidiary, or joint venture. BIDA’s permission is mandatory, but the procedure is simple. Assistance from specialists like Bangladesh Consultant will make it simpler.