Company Registration in Bangladesh
It is easy to register a company in Bangladesh if you know the process and steps, hence it is beneficial for you to have a business consultant in Bangladesh to make this process smooth and fast. You can trust our team of experts who provide you with a seamless experience in end-to-end process of company registration in Bangladesh. Our target is for your company to be operationally ready within 30 days. YKG Corp also makes sure that the company stays compliant with local regulations.
We include everything you will require to do business in Bangladesh.
- Company name reservation with the RJSC
- Opening a corporate bank account and obtaining the encashment certificate.
- Registration with the Register of Joint Stock Companies and firm (RJSC)
- Registered address and local company agent
- Annual compliance and local support
Name Clearance and Opening of Bank Account
Check for the availability of the name and apply for the name clearance certificate. After that apply for a provisional bank account in the proposed name to be opened by submitting a board resolution, draft Articles of Association, and Memorandum of Association.
Transfer of Funds on Behalf of Foreign Directors
Foreign directors need to remit funds to the company's provisional bank account from their country. This amount cannot be repatriated before and until the company is incorporated.
Preparation of Final Company Documents
Draft final Articles of Association and Memorandum of Association which should strictly conform with the company law of Bangladesh (at least two directors are required).
Filing Documents and Paying Fees
Submit the final set of company documents such as Articles and Memorandum of Association, encashment certificate, along with other forms to RJSC for filing along with corresponding government fees depending upon the amount of authorized capital.
Incorporation and Tax Identification
The RJSC will verify the application and issue a certificate of incorporation within 7-28 days. After receiving the certificate, apply for your company's TIN.
Trade License and Commencement of Operations
Apply for a trade license by submitting the incorporation certificate with other related documents. It generally takes 3-4 working days to issue the license. Once you get the license, submit it to the bank along with the incorporation certificate and board resolution and start the business transactions.
Types of Companies in Bangladesh
Sole Proprietorship
A sole proprietorship is an independently owned business that is run by one person only. An owner becomes personally responsible for all debts or losses that occur in this business since it holds its plus and minuses
Private Limited Company
A private limited company is a separate legal entity, and its owners do not bear any liability for the debts incurred by the company. It is for this reason that PLCs are more attractive to businesses requiring huge amounts of capital or those who need to ensure their personal assets are protected.
Public Limited Company
A PLC is just like a private limited company; however, PLCs can issue their shares to the public. In this way, PLCs can gain huge capital by listing in the stock market, but they are again heavily regulated and need to follow many reporting requirements.
Joint Venture
A joint venture is a business partnership of two or more companies. It can be either a legally separate entity or merely a contractual relationship. It allows firms to combine resources, capabilities, and market reach. On the other hand, joint ventures may also lead to potential conflicts or coordination issues.
Foreign Company
A foreign company is a company that is incorporated other than in Bangladesh but carries its business in Bangladesh. They need to obtain a certificate of registration from the Registrar of Joint Stock Companies and Firms along with all other local laws and compliances. this can be a good option for foreign businesses seeking to enter the Bangladesh market.
Benefits of Company Registration in Bangladesh
- Market Access
- Favorable Investment Climate
- Strategic Location
- Skilled Workforce
- Government Support
- Cultural Diversity
How YKG Global will assist you in Company Registration in Bangladesh
End-to-end assistance: With YKG Global, you will get assistance from expert Chartered Accountants (CA) and Certified Practicing Accountants (CPA) who understand Bangladesh corporate laws and regulations. We handle the complete registration process and post-registration compliance with bank account support.
Online Process: You can register your company in Bangladesh remotely and there is no need to visit Bangladesh. At YKG Global, our team in Bangladesh will handle the entire process, from due diligence and name reservation to obtaining incorporation certificates, tax registrations, and corporate bank accounts.
Fast & Transparent Timelines: Once all documents are received, our team will conduct due diligence and reserve your preferred company name. after the company incorporation, our team will provide you with RJSC registration complete documents, and certificate of incorporation, and other key documents.
Customized Solutions according to Business Activities: YKG Global advises you to choose the best company structure that suits your business needs, whether it is a Private Limited company, public company, sole trader, branch office, or representative office. Our expert will advise you through the legal and operational implications of each type.
Over Four Decades of Expertise: With over 40 years of experience and a global presence in more than 40 countries, YKG Global has a very good understanding of Bangladesh business registration and compliance.
Global Connectivity and Strong Relationships: Our team has very strong relationships with banks and regulatory authorities enabling us to smoothen your entry into the Bangladesh market.
YKG Global will make your company registration in Bangladesh a simple and hassle-free process.
