BANGLADESH FOREIGN COMPANY REGISTRATION-FORMATION, INCORPORATION

[Reyed Mia (Apprentice, DIU)]

BANGLADESH FOREIGN COMPANY REGISTRATION-FORMATION, INCORPORATION

Limited Liability Company registration in Bangladesh (subsidiary or private limited company)

Joint Venture company registration in Bangladesh,JV

Branch Office registration in Bangladesh

The following information will help the foreign entrepreneurs registering a company in Bangladesh. Rules and process of Bangladesh foreign company registration-formation as local entrepreneurs and the foreign entrepreneurs are different from each other. Besides, fees, government official additional expenses, time and behavior are not same like local investors. Without government officers and staffs and artificial complexity no one get the licenses or pass the documents to start a business in Bangladesh. Bangladesh is a beautiful country because everything is possible to be done.

COMPANY INCORPORATION IN BANGLADESH

Promoters will present in meeting to pass resolution of new company registration in Bangladesh;

Multiple names can be selected in meeting minutes to check availability;

Each entrepreneur shall put Signature and the chairman shall put another signature at the end of meeting minutes copy as initial process of Bangladesh foreign company registration-formation;

Share holding position of the directors shall be written in board meeting copy;

Objectives of the business shall be writing in the board meeting minutes as record;

Name reservation of the corporation namely for example (XYZ LIMITED) is a part of new company registration in Bangladesh;

Entrepreneurs shall remit an amount as equity (partially or whole) to a temporary bank account and bank will supply a certificate of encashment that shall be enclosed with other documents to register a company in Bangladesh;

Prepare MoA and AoA according to Company Act, 1994 of Bangladesh, provided that 7 objectives can be added at most but 3 or 4 objectives are preferred to company incorporation in Bangladesh ;

Pay the government fees, stumps fees and certificate fees to schedule bank of RJSC. Other official expenses may require passing the application of incorporation from RJSC;

Apply for obtaining income tax (TIN) certificate providing original passport to NBR, provided that TIN is optional in case of foreign investors as new rules of Bangladesh foreign company registration-formation;

Fill up prescribe forms (XII, VI, IX, X) available in website of RJSC where basic information with signature are required of the directors;

Appoint lawyer/ legal representative/ attorney who is expert to complete company registration process in Bangladesh especially expert on fdi rules and Bangladesh foreign company registration-formation;

Passport copy (scan) of the sponsors is enough to fill up required fields of memorandum and article of associations;

Do you know what copies are supplied from RJSC? There are three copies namely incorporation certificate, form XII and MoA and AoA are supplied to the owners through email, no hard copies are supplied from RJSC office as digital system;

Consultant or expert shall apply for obtaining business income tax (TIN) providing received copies of RJSC;

Consultant or expert shall apply for obtaining trade license from regional office of city corporation with supporting copies, provided that without trade license no banks will permit to make your temporary account active;

You are eligible to open bank account after obtaining above papers (3 papers of RJSC, Income Tax (TIN) and trade license);

Obtaining VAT license is another part of completion a company registration in Bangladesh. Consultant or expert shall apply for VAT certificate enclosing required papers to regional VAT office;

Forward all papers to become a member of Chamber of Commerce or, BGMEA, BKMEA or any other association that is another part of new company incorporation in Bangladesh;

Consultant or expert shall apply for export and import license enclosing all papers (above mentioning to permission in Bangladesh foreign company registration-formation), collect check list from government office or our office;

http://www.sfconsultingbd.com/asia/bangladesh-foreign-company-registration-formation/