In this article, you will learn total Company Registration Guideline.
Unveiling the Essentials of
Company Incorporation in Bangladesh Bangladesh’s thriving economy.
presents promising opportunities for entrepreneurs. To embark on this exciting venture,
understanding
company incorporation is crucial. Here’s a breakdown of the key steps and considerations:
Prerequisites for Incorporation
Company Name Selection: Choose a unique and suitable name that complies with
Bangladesh’s Registrar of Joint Stock Companies and Firms (RJSC) guidelines. A name
clearance certificate is required.
Minimum Shareholders: A minimum of two shareholders are necessary to incorporate a
private limited company in Bangladesh. There’s no restriction on nationality.
Paid-Up Capital: A minimum paid-up capital is mandated, although the amount varies
depending on the company’s nature.
The Incorporation Process
Name Clearance: Obtain a name clearance certificate from the RJSC to ensure your
chosen name is available.
Document Preparation: Prepare the Memorandum of Association (MoA) outlining the
company’s
objectives and Articles of Association (AoA) defining internal governance rules.
Bank Account Opening: Open a designated bank account for the company’s paid-up
capital,
particularly if foreign investment is involved.
RJSC Submission: Submit the AoA, MoA, and other necessary documents, including the
director and
shareholder information, to the RJSC for registration.
Fee Payment: Pay the requisite government fees and stamp duty based on the authorized
share capital.
Verification and Incorporation: Upon verification, the RJSC will issue a certificate of
incorporation, formally establishing your company in Bangladesh.
Additional Considerations
Trade License: Obtain a trade license from the relevant City Corporation to commence
business operations.
Tax Registration: Register with the National Board of Revenue (NBR) to acquire a Tax
Identification Number (TIN).
VAT Registration: Depending on your business activities, VAT registration with the
NBR might be necessary.
Fire and Environmental Clearances: In some cases, fire safety certificates and
environmental clearances from relevant authorities may be required.
Benefits of Company Incorporation in Bangladesh
Limited Liability: Protection of shareholders’ personal assets from company debts.
Enhanced Credibility: Establishes a professional image and fosters trust with
stakeholders.
Access to Funding: Facilitates securing loans and attracting investments.
Business Continuity: Ensures the company’s existence remains independent of its
founders.
By following these steps and adhering to regulations, you can successfully navigate
company incorporation in Bangladesh and pave the way for a flourishing business.
Remember to consult with legal or business professionals for comprehensive guidance
throughout the process.
