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We Provied Well Designed And Readymade Registered Shelf Company For The Sale Purpose
We strive to meet our clients’ needs for Bangladesh Shelf Company for Sale at Network BD. One of our most valuable services is providing clients with specific requests with shelf companies incorporated in Bangladesh. Companies that are already registered are known as ready-made or shelf companies. These businesses have not traded or entered into any transactions or obligations. Their documents have sat motionless on a shelf in our office since their incorporation. Each of these off-the-shelf businesses can be purchased and put into operation right away.
Legally Register A Ready Company With NetworkBD For Sale
This is a step-by-step guide to forming or registering a shelf company for sale services in Bangladesh. According to the Companies Act of 1994, the process of forming a company in Bangladesh varies depending on the type of company one wishes to form.
To comprehend how to incorporate or register a company in Bangladesh, we must first comprehend the types of business setup for you wish to register or incorporate. If one does not know the correct and applicable company incorporation procedure in Bangladesh, it could be a difficult process. As a result, this guide will assist you in understanding the step-by-step process of forming a company in Bangladesh. The process of forming a company in Bangladesh is governed by a number of acts and provisions. The Registrar of Joint Stock Companies (RJSC), also known as the Bangladesh Company House, is the regulatory body in charge of company registration in Bangladesh.
According to the Companies Act of 1994, there are 3 main types of businesses:
- Company limited by shares,
- Company limited by guarantee; and
- Company with unlimited liability.
Registration of a company limited by shares is the most common type of company formation in Bangladesh. The Companies Act of 1994 does not provide a step-by-step procedure for forming a company in Bangladesh, as this is primarily handled by the Registrar of Joint Stock Companies and Firms (RJSC), the Bangladesh Company House.
The procedure for registering or incorporating a Private Limited Company in Bangladesh, step by step.
4 Legal Steps For Forming A Company Of Shelf In Bangladesh
Step 1: Obtaining Name Clearance for a Company Registration
The first step in forming a company in Bangladesh is to get a name clearance. Before registering a business name, you must first choose a name that is appropriate for your company. It must not be identical to an existing name or any other name that is so similar to an existing name that the proposed company’s and the existing company’s scope of business cannot be distinguished.
To use the RJSC name clearance portal, go to their website and sign up with an email address and other information such as your name and the purpose you want to use it for. After registering on the portal, you must search for your desired name, and if none exists, you must apply for name clearance.
Once you’ve completed the online application, you’ll need to pay a fee of BDT 500 to BDT 1000, depending on whether the fees change in the form of a bank Challan to the RJSC-selected bank.
After submitting the Challan, you must update your information on the RJSC portal, and they will notify you whether the name has been successfully obtained within 24 to 48 hours.
Following the completion of the name clearance, please note that, according to RJSC’s most recent policy, one must incorporate or register the company in Bangladesh within one month, or the name clearance will have to be renewed or a new name clearance will have to be obtained.
Step 2 - Documentation | Bangladesh Company Registration:
RJSC would require the following documents to be submitted for verification:
Memorandum of Association (MOA) and Articles of Association (AOA) of the company; these two documents together form the company’s constitution in Bangladesh. It is recommended that you hire a business or company lawyer in Bangladesh who is an expert in company laws, or you risk restricting your business’s scope. The most important part of your company’s incorporation procedure in Bangladesh is the MOA and AOA; therefore, pay close attention to how you form the company’s constitution.
This document outlines the intentions of the promoters in forming a company in Bangladesh. It is usually required when a foreign company owns a stake in the proposed Bangladeshi company.
Obtaining and completing the following 5 forms in order to register the company with RJSC in Bangladesh:
- Filled in Form I: Declaration on registering of Company;
- Filled in Form VI: Notice of condition of registered office;
- Filled in Form IX: Agreement of director to act;
- Filled in Form X: List of individuals consenting to be directors;
- Filled in Form XII: Specifics of the directors, manager and managing agents.
Step 3 - Banking Formalities
If a foreign firm wishes to register as a shareholder of a Bangladeshi corporation, the process of company registration in Bangladesh introduces a new clause. It is mandated under Bangladeshi legislation. Furthermore, according to RJSC’s guidelines, the foreign business must pay the amount of its shareholding in the proposed Bangladeshi company.
In order to bring the foreign shareholding amount, you will need to open up a temporary bank account by submitting the following 5 documents to the respective banks, which are as follows:
- A rough draft of your MOA and AOA.
- Clearance of names.
- Resolutions of the foreign company’s board of directors.
- Copies of the representative shareholders’ passports, as well as bank account opening forms
- Other documents that the respective bank may require at any time.
You must obtain an “Encashment Certificate” from the bank after successfully opening the bank account and injecting the share capital amount For the shelf company for sale. This certificate states that the amount required for capital contribution has been duly remitted in the proposed company’s temporary bank account.
Step 4 - Incorporation | Registration in Bangladesh:
Registration fee and stamp duty must be paid to the RJSC in the prescribed bank, such government fee shall be determined based on the authorized share capital of the proposed company, and a certificate of incorporation must be obtained from the RJSC upon successful completion of all formalities.
Why Choose NetworkBD For Registering A Shelf Or Ready Made Company
If you’ve never owned or ran a business before, you might not realize that there’s no such thing as a “9 to 5” job in our industry. Even during the planning stages, you may be giving up nights, weekends, and even lunch breaks to figure out how you’ll fulfill certain objectives. When it comes to purchasing a shelf firm, we feel that we should be able to fit any timeline. Visit our site at any time of day or night and you can buy an old shelf company for sale virtually instantaneously. Please contact us if you want to acquire an old shelf company online.
- To cut down on the time spent going through the steps of forming a new organization
- To be able to participate in contract bidding. (In some jurisdictions, a firm must have been in operation for a particular period of time to have this competence.)
- To demonstrate the lifespan of a company in order to recruit customers or investors
- To be able to obtain corporate credit
Can you buy a shelf company without risk?
A guarantee will be provided to customers who buy shell companies from the advisory service, proving that the stock transfer has not been subject to any activity.