Process of limited company registration in Bangladesh

Hi, do you know the process of new company registration in Bangladesh as local and foreigner? The process of local is not same as like foreigner as the major change is opening bank account. Local investors can register a company directly through RJSC whereas foreigners must follow some guidelines before RJSC process. Nance to register a company being foreigner is much complicated than local investors. At the beginning, a temporary bank account is opened by name approval copy and inward remittance is made in that account to ensure paid up capital.

Unless bank issue a letter of remittance against equity registration process is uncompleted. Rest, all the process are almost same as like local investment. Some business licenses are needed apart from RJSC (company incorporation) as like trade license, income tax, vat, IRC, ERC and so on. 

To register a company, estimated cost in Taka 13000 the lowest government fee for RJSC. There are others cost included as like trade license and others as nature of business. Apart from government fee, there are others cost include. Professional fee and government office extra money to speed up file processing. 

Duration of registering a company must need 5-7 working days. And 3-4 days to obtain trade license from city corporation. Similarly, time is not same for other licenses obtaining. 

To register a company you must take consultancy as business licenses depend on nature of business. There are 3 major types of businesses identified. 1. Service business 2. Export and import 3. Manufacturing. You might be any one of them. 

Major investment sectors are: Service, Garments, Government Projects, Import & Export. 

Service business: You need following licenses apart from company incorporation: 1) Trade License 2) TIN 3) VAT registration 

Import Export Business: Service business plus 1) Membership from Chamber of Commerce 2) Bank solvency certificate 3) ERC/ IRC certificate

Manufacture: Service & Import Export plus 1) Factory license 2) Environment certificate 3) Fire license 4) Letter from Manpower department  5) Building/ land layout plan approval copy.

Bangladesh is the best country to invest considering labour cost, business environment, population, sectors of investment and so on. Although, there are many disadvantages but still Bangladesh is the best place of investment as ROI will get sooner than other countries of Asia. 

S & F Consulting Firm Limited, Company Registration Expert Since 2012