Guide to Setup Bangladesh Business

    Home / Resources / Guide to Setup Bangladesh Business

    Resources

    Industry Guide


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     

    Bangladesh Public Holidays

    Miscellaneous Topics


     


     

     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


     


    Professional Consultants to Setup Business for All Entrepreneur in Bangladesh:

    Guide to Starting a Business in Bangladesh

     

    Bangladesh is a small country, but it is one of the best places to do business in the world, and it is also one of the least corrupted. As a result, starting a business in Bangladesh is simple for anyone. It’s also a great place to do business with foreign companies, exchange currencies, and other transactions. If you’re interested in starting a business in Bangladesh, you can find a comprehensive guide here.

     

    Bangladesh has a diverse culture and offers a wide range of business opportunities to both foreign and domestic investors. Foreign investors can take advantage of these opportunities by learning about Bangladeshi business laws and how to start and expand a business in Bangladesh.

     

    If you want to start a business in Bangladesh, you must meet certain requirements, which you can learn about here. Foreigners should be aware that if they want to start a business in Bangladesh, they cannot register on their own. You’ll also need a bank account in Bangladesh, which will necessitate a trip to the country.

    Here, Get the List of Guides about Bangladesh Business Resources

    1. Make in Bangladesh
    2. Startup Bangladesh
    3. Bangladesh LLP Registration
    4. Registrar of Companies Under Ministry of Corporate Affairs
    5. Advantages of an Bangladesh Company
    6. Why Set Up a Company in Bangladesh
    7. What is an Bangladesh Company
    8. Bangladesh Office Premise Leasing Guide
    9. Business Ideas in Bangladesh
    10. Writing a Business Plan in Bangladesh
    11. Business Opportunities in Bangladesh
    12. Business Licenses and Permits Requirements in Bangladesh
    13. Guide to Register a Sole Proprietorship in Bangladesh
    14. Multinational Companies (MNC) in Bangladesh
    15. Doing Business in Bangladesh
    16. SMEs in Bangladesh
    17. Auditors in Bangladesh
    18. National Stock Exchange of Bangladesh Limited
    19. Ministry of Micro, Small and Medium Enterprises (MSME) in Bangladesh
    20. A Comprehensive Guideline for Foreigners to Start a Business in Bangladesh
    21. Free Trade and Warehousing Zone in Bangladesh
    22. Type of Business Structures in Bangladesh
    23. Foreign Exchange Control in Bangladesh
    24. Bangladesh Company Memorandum of Association (MOA)
    25. Bangladesh Startup Made Easy
    26. Trademark Registration Guidelines in Bangladesh
    27. Import and Export Regulation and Process in Bangladesh
    28. Bangladesh Companies Act
    29. Bangladesh Custom Duty Rate & Dutiable Goods

    Leading consulting firm to set up business entities in Bangladesh

    Network BD has advised our clients on the most appropriate corporate structure for their business in Bangladesh. There are numerous ways to do business in Bangladesh, the most common of which is to form a limited liability company (LLC). Alternatively, entrepreneurs can form a public limited liability company (PLC). Bangladesh also allows foreign legal entities to open branch offices or representative offices.

    The Bangladesh limited liability company (LLC)

    The Bangladesh limited liability company (LLC) is the most common legal entity used by entrepreneurs in Bangladesh when starting a business. A limited liability company (LLC) must have at least two shareholders and two directors, who can be individuals or legal entities. The directors and shareholders can be of any nationality and are not required to be Bangladesh residents. To complete the incorporation process, the LLC must also have a minimum paid-up share capital of US$1; the LLC must also submit annual audited accounts to the Bangladesh Income Tax Authority.

    The Bangladesh public limited company (PLC)

    The Bangladesh limited liability company (LLC) is the most common legal entity used by entrepreneurs in Bangladesh when starting a business. A limited liability company (LLC) must have at least two shareholders and two directors, who can be individuals or legal entities. The directors and shareholders can be of any nationality and are not required to be Bangladesh residents. To complete the incorporation process, the LLC must also have a minimum paid-up share capital of US$1; the LLC must also submit annual audited accounts to the Bangladesh Income Tax Authority.

    Branch Office:

    Foreign companies looking to do business in Bangladesh can set up branch offices under the Bangladesh Companies Act. The Bangladesh Board of Investment (BOI) requires this entity to register and follow its rules. The BOI and the Bangladesh Income Tax Authority require a branch office to submit quarterly accounts statements of remittances from its parent company. A statutory auditor must also be appointed by this entity.

    Representative Office in Bangladesh

    A Bangladesh representative office is not considered a legal entity and is therefore not allowed to conduct business in Bangladesh. The BOI, the Bangladesh Bank, and the Registrar of Joint Stock Companies and Firms are all places where this entity must register. A rep office may only conduct market research and promote the parent company’s products and services within Bangladesh.

    NetworkBD specializes in Business Formation:

    Name of the company: Before forming or incorporating a company in Bangladesh, the name must first be approved (cleared).

     

    Directors: Second, the presence of at least two directors is required. Directors can be either domestic or international. Directors must be at least 18 years old and have never been bankrupt or convicted of any type of fraud.

     

    The qualification shares specified in the Articles of Association must be owned by a director by law. A nominee director can be chosen by a shareholder who is not a natural person (i.e. a corporation).

     

    Shareholders: Finally, there are the shareholders. In Bangladesh, a private limited company can have a minimum of two shareholders and a maximum of fifty. It’s possible that a director and a shareholder are the same person. A person or another legal entity, such as a corporation, can be a shareholder.

     

    In most sectors, 100 percent local or foreign ownership is permitted. New shares can be issued or existing shares can be transferred to another person at any time after the Bangladeshi company has gone through the incorporation process.

     

    Authorized Capital: The authorized capital must be stated in the Memorandum and Articles of Association. It refers to the maximum amount of share capital that a corporation can issue (allocate) to its shareholders.

     

    A portion of the authorized capital can be issued again. In Bangladesh, there is no minimum or maximum amount of authorized capital.

     

    Paid-up Capital:  Paid-up capital (also known as share capital) can be increased at any time after the company’s incorporation.

     

    Registered Address: You must provide a local address as the company’s registered address when forming a business in Bangladesh. A physical address must be used as the registered address (can be either a residential or commercial address).

     

    Articles of Association and Memorandum: A memorandum of association (MOA) and articles of association must be prepared by the company to be incorporated (AOA).

    FAQ For Guide to Setup Bangladesh Business

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    On-demand Workstation Maintenance Service

    Eicra offers complete Computer and Networking Solutions including design, installation, administration, maintenance, repair, and troubleshooting. With more than 14 years experience at networking, commercial computer servicing, and other IT support platform, we can handle a wide spectrum of technology based services that can aid your office functionalities.

    We are available 24x7 for you

    Call Us Now 01917746550-54