Step-By-Step Company Registration Guideline For Bangladesh

This is a tutorial that describes how to form and register a business in Bangladesh. According to the Companies Act of 1994, company registration in Bangladesh takes a variety of forms and procedures.

Our comprehensive guidelines provide step-by-step instructions, ensuring compliance with local laws and regulations. Gain a clear understanding of the required documentation, procedures, and timelines to establish your business successfully in Bangladesh.

The procedures differ according to the type of business registration available in Bangladesh.

According to the Companies Act of 1994, there are three primary categories of businesses:

1. Limited by shares 
2. Limited by guarantee
3. Limited by guarantee with unlimited liability

In fact, The Companies Act of 1994 does not provide a detailed procedure for founding a company in Bangladesh, as this is generally handled by the Registrar of Joint Stock Companies and Firms (RJSC) at Bangladesh Company House.

4 Steps To Be Followed For A Company Registration

Step 1: Get A Name Clarification Letter

RJSC must receive a request for name clearance for company registration together with the following items:

1. Application Form
2. Name Suggestion

Step 2: Complete Documentation

1. Drafting of the Memorandum and Articles of Association, as well as other necessary papers

2. The Board of Directors’ decision to establish a new business in Bangladesh;

3. Obtaining and completing the following documents for company registration with RJSC:

1. Declaration of Company Registration;
2. Notification of the status of the registered office;
3. Director’s permission to act;
4. List of people who agree to serve as directors;
5. Finer details of the directors, manager, and managing agents.

Step 3: Formalities For Bank Accounting

1. Members shall open a provisional bank account in the proposed Company’s name with any scheduled bank, subject to the account being regularized after the Company is legally registered with Company House.

2. Further, deposit of funds into a bank account.

3. In addition, A bank encashment document stating that the appropriate capital contributions has been duly sent in the proposed organization’s temporary bank account.

Resolution of the foreign company’s board of directors. Copies of the representatives’ shareholders’ passports, as well as bank account establishing forms.

Step 4: Document Submission To RJSC

1. Trade License
2. Tax Identification Number (TIN)
3. Vat Registration Certificate
4. Fire Certificate
5. Environment Clearance Certificate

Time Duration Of Incorporate A Company In Bangladesh

RJSC typically issues the certificate of registration (Company registration certificate) within 6-8 business days after the aforementioned processes are completed. From the time all of the documentation is submitted to RJSC, it generally takes 2-3 weeks to set up a company.

Is There A Fee For Company Registration?

First, The quantity of authorized capital determines the government fees for company registration. The government will charge BDT 1000 for the issue of an incorporation certificate.

The Bottom Line

However, Are you planning to start a company in Bangladesh? To interact with this site and contact us, please fill the form below.

Finally, Our consultants will be happy to help you register your international company in Bangladesh. So, company registration in Bangladesh is not a hassle anymore.

By following the necessary procedures, submitting the required documents, and complying with the legal framework, you can confidently register your company and embark on your entrepreneurial journey in your desired jurisdiction.

Take the time to familiarize yourself with the specific requirements and seek professional assistance if needed, ensuring a solid foundation for your business’s growth and compliance.