Process of opening a company in Bangladesh

1 · 27 · 24

Decide on the Type of Company:

  • If you wish to run your business as a sole proprietorship, partnership, limited liability partnership (LLP), or private limited company (PLC), it is vital to choose the business structure that is most appropriate for your firm. This is true regardless of whether you also want to conduct your company as a limited liability partnership (LLP). On the other hand, each of these company forms comes with its own set of benefits and drawbacks.

Name Clearance:

  • In order to ensure that the name you have selected for your business is not only unique but also eligible for trademark registration, it is essential to get name clearance from the Registrar of Joint Stock Companies and Firms (RJSC). This is the only way to ensure that the name you have chosen is suitable for trademark registration.

Memorandum and Articles of Association (MoA and AoA):

  • The Memorandum of Association (MoA) and Articles of Association (AoA) should be established in order to offer an explanation of the company’s goals, rules, and regulations. It is advised that this action be taken.

Registration with RJSC:

  • The RJSC must receive all of the necessary papers, including as the MoA, the AoA, and the application forms, in order to complete the business registration process.
  • You are required to pay the registration fees and stamp taxes at the rates that have been authorized.

Obtain Trade License:

  • You should submit an application for a trade license to the local government body or municipal corporation in the area where your operation will take place.
  • Please provide the essential papers, including the certificate of registration for the firm, the memorandum of association, the agreement of association, and proof of address.

Tax Registration:

  • In order to properly identify your business, you need get a Tax Identification Number (TIN) from the National Board of Revenue (NBR).
  • If the turnover of your firm is more than the level indicated by the NBR, you are required to register for the Value-Added Tax (VAT).

Open a Bank Account:

  • In Bangladesh, you need open a corporate bank account in the name of your firm with a bank that is recognized in the country.
  • You are needed to provide the necessary paperwork, which include a certificate of business registration, a letter of agreement, an AoA, and a TIN certificate.

Obtaining Necessary Permits and Licenses:

  • You should secure any extra permissions or licenses that are necessary from the appropriate authorities, such as environmental clearance, import-export license, or industry-specific permits, depending on the type of your firm.

Compliance with Labor Laws:

  • Verify that all employment contracts, pay, working hours, and safety regulations in the workplace are in accordance with the applicable labor laws.
  • In the event that it is relevant, file a registration with the Department of Inspection for Factories and Establishments.

Post-Registration Formalities:

  • Publish a notice of company incorporation in a widely circulated newspaper and submit a copy to the RJSC.
  • Maintain statutory books and records, including minutes of meetings, registers of members, directors, and share certificates.
  • File annual returns and financial statements with the RJSC and other regulatory authorities as required by law.

Seek Professional Assistance:

  • Consider seeking professional assistance from legal advisors, chartered accountants, or company secretaries to ensure compliance with all legal and regulatory requirements.

By following these steps and fulfilling the necessary requirements, you can successfully open a company in Bangladesh and embark on your entrepreneurial journey.

Contact the Best Barrister and Law Firm in Bangladesh:

DHAKA: House 410, ROAD 29, Mohakhali DOHS
DUBAI: Rolex Building, L-12 Sheikh Zayed Road
LONDON: 1156, St Giles Avenue, Dagenham

 Email Addresses:

24/7 Contact Numbers, Even During Holidays:

Related Posts

Bangladeshi private limited company formation

Bangladeshi private limited company formation

The establishment of a private limited company in Bangladesh gives a multiplicity of benefits, one of which is the removal of personal accountability. Additionally, the creation of such a firm allows for increased ownership and managerial autonomy. In this...

How to open a company in Bangladesh

How to open a company in Bangladesh

Beginning the process of establishing a company in Bangladesh is an exciting step toward achieving your own personal goals of being an entrepreneur. This is because you are taking the first step toward achieving your goals. The purpose of this book is to give you with...

About the Author


Call us!
× Whatsapp