How to Register a Company in Bangladesh - Easy Business Setup & Incorporation
Foreign Company Registration in Bangladesh: A Complete Guide
Foreign company registration in Bangladesh has become a straightforward process with the right guidance and expertise. Whether you're a startup or an established business aiming to expand into Bangladesh, understanding the steps involved is crucial. Having a trusted Bangladesh company incorporation consultant can make the process faster and smoother. At YKG Global, we specialize in providing comprehensive support for Bangladesh company registration, ensuring your business is operational within 30 days.
Why Register a Company in Bangladesh?
Bangladesh is an emerging market with immense opportunities for investors and businesses. The country offers:
- Market Access: Gateway to South Asia with a vast consumer base.
- Favorable Investment Climate: Pro-business policies and government support for foreign investments.
- Strategic Location: Close proximity to major trade routes and neighboring markets.
- Skilled Workforce: A young and educated labor pool.
- Cultural Diversity: Opportunities to cater to diverse customer needs.
For these reasons, registering your company with the Bangladesh Joint Stock Company Registration is a smart decision for businesses looking to expand.
Steps to Register a Foreign Company in Bangladesh
1. Name Clearance and Bank Account Opening
- Check the availability of your preferred company name and obtain a name clearance certificate from the RJSC (Registrar of Joint Stock Companies and Firms).
- Open a provisional corporate bank account in the proposed name by submitting a board resolution, draft Articles of Association, and Memorandum of Association.
2. Transfer of Funds for Foreign Directors
Foreign directors must remit the initial capital funds to the provisional bank account from their home country. This amount is non-repatriable until the company is incorporated.
3. Preparation of Final Company Documents
Prepare the final Articles of Association and Memorandum of Association, ensuring compliance with Bangladesh company law. At least two directors are required for incorporation.
4. Filing Documents and Paying Fees
Submit the complete set of documents, including the Articles and Memorandum of Association, encashment certificate, and other required forms to the RJSC. Pay the applicable government fees based on the authorized capital.
5. Incorporation and Tax Identification
The RJSC reviews the application and issues the certificate of incorporation within 7-28 days. After incorporation, apply for the company's Taxpayer Identification Number (TIN).
6. Trade License and Operational Readiness
- Apply for a trade license by submitting the incorporation certificate and supporting documents. This process usually takes 3-4 working days.
- Submit the trade license to the bank to activate the corporate bank account, enabling business transactions to commence.
Types of Companies in Bangladesh
- Sole Proprietorship: A business owned and managed by a single person. The owner is personally liable for debts and obligations.
- Private Limited Company: A separate legal entity where owners are not personally liable for the company’s debts. Ideal for businesses requiring capital investment.
- Public Limited Company: Similar to a private limited company but can raise funds by issuing shares to the public. Heavily regulated and suitable for large-scale businesses.
- Joint Venture: A partnership between two or more companies to leverage resources and market reach.
- Foreign Company: A company incorporated outside Bangladesh but operating within the country. Requires a certificate of registration from the RJSC and adherence to local regulations.
Benefits of Bangladesh Company Registration
- Ease of Doing Business: Streamlined processes for company incorporation.
- Access to Incentives: Tax benefits and export-oriented policies for businesses.
- Enhanced Credibility: A registered company builds trust among clients and partners.
- Market Opportunities: Ability to tap into a growing economy with increasing consumer demand.
Why Choose YKG Global for Foreign Company Registration in Bangladesh?
- End-to-End Assistance: Our expert team provides complete guidance, from name clearance to post-incorporation compliance, ensuring a hassle-free experience.
- Remote Registration: You can register your company online without visiting Bangladesh. Our local team handles everything on your behalf.
- Expert Consultation: With over 40 years of experience, our Bangladesh company incorporation consultants understand local laws and regulations.
- Custom Solutions: We help you choose the best company structure, whether a private limited company, branch office, or representative office.
- Fast Turnaround: Once all documents are submitted, we ensure quick processing with transparent timelines.
- Strong Network: Our established relationships with banks and regulatory authorities expedite the registration process.
About YKG Global
YKG Global is a leading business consulting firm with over four decades of experience in providing company incorporation, compliance, and regulatory services worldwide. We have a strong presence in over 40 countries, offering tailored solutions to meet the unique needs of our clients.
Our team of Chartered Accountants (CAs) and Certified Practicing Accountants (CPAs) in Bangladesh specializes in facilitating seamless Bangladesh company registration for foreign investors. Whether you need support with name clearance, obtaining your Bangladesh joint stock company registration, or post-registration compliance, YKG Global ensures a smooth and efficient process.
Contact YKG Global today to simplify your entry into the Bangladesh market with our trusted foreign company registration services and expertise. Let us help you build a strong foundation for success!
