Company Formation

Company Formation in Bangladesh

For an international business seeking to incorporate a private limited company in Bangladesh, the following steps are applicable:

a)    Obtaining name clearance from the Registrar of Joint Stock and Companies and Firms (RJSC&F).
b)    Opening bank account. 
c)    Receiving inward remittance of foreign shareholders’ equity contribution and obtaining certificate of remittance (Encashment Certificate) from the bank. 
d)    Preparation and submission of company formation documents, along with Encashment Certificate to RJSC&F and obtaining electronically certified copies of Memorandum & Articles of Association, Incorporation Certificate and List of Directors. 
e)    Obtaining E-TIN (Electronic Tax Identification Number) certificate from the National Board of Revenue (NBR).
f)    Obtaining Trade License for the registered office from the Dhaka City Corporation. 
g)    Drafting Intimation Letter regarding foreign investment, addressed to Bangladesh Bank (to be submitted within 14 days from completion of company formation at RJSC&F). 
h)    Submission of Certificate of Incorporation, E-TIN certificate, Trade License to bank for getting the bank account operational, i.e., allowing withdrawal from bank account.
i)    Obtaining VAT Registration (BIN) from National Board of Revenue (NBR).

Along with company formation, we provide ongoing RJSC corporate and secretarial services, including Annual RJSC Returns, Share Transfer, amendment of the Memorandum and Articles of Association, Increase of Authorised Capital, Increase of Paid-Up Capital through Share Allotment, Strike Off of Companies and other RJSC filings and services as required.