Required Documents for Company Registration in Bangladesh
For the purpose of company incorporation in Bangladesh, the following information is required by the RJSC:
– Company Name: A name clearance must be obtained.
– Memorandum of Association and Articles of Association: RJSC requires that the object clause in the Memorandum of Association has to be within 400 words and 7 clauses.
– Shareholders Particulars: A copy of the National Passport is required if the shareholder is a Bangladeshi citizen.
– Particulars of the Directors, including the Tax Identification Numbers are required.
– Registered Address.
– Signed Form IX and Subscriber Page: Signed and scanned copies in pdf are required.
– For foreigners: Copies of passports of shareholders and directors are required.
Allowed foreign ownership
Bangladesh is very open regarding foreign ownership, allowing up to 100% of foreign ownership in most sectors. In some sectors, however, you need prior approval from the government and a few sectors restrict both local and foreign investment.
Similarly, other benefits include the right to purchase land and property in the name of the company, tax incentives, etc.
Company registration in Bangladesh
This guide will provide you a detailed overview of company registration requirements, procedure, and timeline for registering a private limited company in Bangladesh. Like most other jurisdictions, Bangladesh has a set of initial and ongoing regulatory compliance requirements for starting and operating a company.
When considering the registration of a new company or relocation of your existing company to Bangladesh, note that most Bangladeshi companies are registered as private limited liability companies (commonly known as private limited companies). You should note that there is a provision for One Person Company (OPC in short). However, because of certain restrictions, we do not advise our clients to form an OPC. A private limited company in Bangladesh is a separate legal entity and shareholders are not liable for the company’s debts beyond the amount of share capital they have contributed. According to the Companies Act 1994, any person (foreign or local) above the age of 18 can register a company in Bangladesh.