BUSINESS REGISTRATION IN BANGLADESH

Company Registration Bangladesh

Bangladesh is a very ideal place for investment. The country is located in geographically strategic position with a vast number of populations fit to work. The population of the country is about 170 million so the local market is quite big as well. At the moment the main business sectors are Ready made Garments (RMG), Leather and leather goods, Jute, Home Textile, IT, Service sector, Poultry, Agro based industry, Banking finance and insurance, Infrastructure development, Power and Energy, Tourism and hotels, Education, Health, Pharmaceuticals, Telecom, Information Technology etc. Lets highlight on the main steps of Company Formation in Bangladesh/ Business registration in Bangladesh.

For Private limited company/ Subsidiary

The first step is to carry out a name clearance with Registrar of Joint Stock & Companies (RJSC)
After the Name clearance is done a blocked bank account is required to be opened with any banks in Bangladesh where the paid up capital of proposed company needs to remit from outside Bangladesh.
Memorandum of Article and Association is drafted and prepared. Once the paid up capital is remitted the bank issued an encashment certificate and afterwards all documents are submitted to RJSC for incorporation. Relevant Govt fees need to be paid.
RJSC issues Incorporation certificate and MoA&A and other relevant documents.

For Liaison office/ branch office

A board resolution from the parent company needs to be issued with declaration to open a branch office or liaison office in Bangladesh
The incorporation certificate, MoA&A of the parent company in English needs to Attested from relevant Bangladesh embassy/ High Commission.
An application with all supporting documents listed above needs to be filed with Bangladesh Investment Development Authority (BIDA) and the application once approved in BIDA board , Government fees is required to be paid. After payment of Government fees , permission for Branch office or liaison office is granted.

Subsequent licenses for all Entities

Trade license issued by City Corporation (Trade license fee in Bangladesh may vary yearly)
An ETIN no issued by National Board of Revenue
A VAT Bangladesh registration issued by National Board of Revenue

Licenses if the company intends to import and Export

Membership of any trade organization /chamber of commerce in Bangladesh
Import export license/ registration certificate issued by Registrar of Import and Export
Export registration certificate issued by Registrar of Import and Export

Licenses required for manufacturing plants/company

Factory license from Department of Factories & Establishment

Environment certificate
BIDA registration
Fire safety license

Business law in Bangladesh

We at S Hossain & Associates law firm in Bangladesh provide one stop service to set up business in Bangladesh. Our lawyers in Bangladesh have practical experience in setting up business in Bangladesh without any surprises and in a business friendly manner in align with business law in Bangladesh.

**Process flow for setting up business in Bangladesh. Prepared by S Hossain & Associates Law office, Law firm, lawyer, Advocate in Bangladesh