Most Bangladeshi companies are registered as private limited liability companies, commonly known as private limited companies. A private limited company in Bangladesh is a separate legal entity and shareholders are not liable for the company’s debts beyond the amount of share capital they have contributed. According to the Companies Act 1994, any person (foreign or local) above the age of 18 can register a company in Bangladesh.
Paid Up Capital ?
Paid-up Capital: Minimum paid-up capital for registration of a Bangladeshi company is Taka 1 (local) and USD 50000 for foreign owned company. Paid-up capital, which is also known as share capital, can be increased anytime after the incorporation of the company.
Authorised Capital ?
The amount of authorized capital has to be stated in the Memorandum of Association and Articles of Association. It is the maximum amount of share capital that the company is authorized to issue (allocate) to shareholders. Part of the authorized capital can remain unissued. There is no minimum or maximum limit for authorized capital in Bangladesh for local company. However, for practical reasons and to obtain full flexibility regarding expatriation and bringing in foreign expatriates a minimum of USD 50000/- is required to be invested in the Company.
How to Register a Private Limited Company under RJSC in Bangladesh
Private Limited Company Registration Process in Bangladesh
কোম্পানি রেজিষ্ট্রেশন করার নিয়ম-কানুনঃ
১। প্রথমেই যে নামে একটি লিমিটেড কোম্পানি রেজিষ্ট্রেশন করা হবে সেই নামের একটি ছারপত্র নিতে হবে।
২। নামের ছারপত্র পাওয়ার পর একটি মেমোরেন্ডাম অব এসোসিয়েসন এবং মেমোরেন্ডাম অব আর্টিক্যালস ড্রাফট করে ফর্ম ৯ এবং ফর্ম ১২ তে সকল ডাইরেক্টরদের তথ্য সম্বলিত ফর্মগুলি জয়েন্ট ষ্টক কোম্পানিতে জমা করতে হবে।
৩। কোম্পানির অথোরাইজ ক্যাপিটালের উপর নির্ধারিত যে ফী আসবে তা জয়েন্ট ষ্টক কোম্পানির নামে নির্ধারিত ব্যাংকে জমা করতে হবে।
নোটঃ উপরোক্ত বিষয় সমুহে কোনোরুপ অবজেকশন না আসলে খুব সহজেই কোম্পানি রেজিষ্ট্রেশন প্রসেস কমপ্লিট হয়ে যাবে।
বিস্তারিত জানতে আমাদের সাথে যোগাযোগ করুন
Phone : +8802-9832799, 02-48810753
Registration Process of a Private Limited Company in Bangladesh :
Company registration process in Bangladesh is partially computerized. There are three steps involved in the Bangladeshi company setup procedure, which are as follows: a) Name Clearance; b) Bank account opening and bringing the paid up capital into Bangladesh; and c) Company Registration. Step b is only applicable if there is any foreign shareholder in the proposed company.
Step 1: Name Clearance
To set up a Bangladesh company, the first step would be to obtain a name clearance for the proposed company name. One has to visit www.roc.gov.bd and create a username first and then apply for the name clearance. After the application for name clearance is made, a bank payment slip will be received, with which Tk. 230 will have to be to the designated bank. After making the payment, the name clearance can be obtained from the RJSC website.
Step 2: Bank account opening and bringing in the paid up capital
This step is only applicable if the proposed company has foreign shareholding.
A bank account will have to be opened in the proposed company name with any scheduled bank in Bangladesh. After opening the account, money equal to the shares to be owned by the foreign shareholders from outside of Bangladesh has to be remitted into the account. The Bank will issue an Encashment Certificate which will be required by the RJSC for incorporation.
Step 3: Registration of the Company
The last step is to submit all the required information in the RJSC’s website. After submission, a bank payment slip will be received for paying the registration fees along with stamp duty.
After making the payment in the bank, the application for registration process is completed. Regular follow up of RJSC has to be carried out in order to obtain the Certificate of Incorporation. RJSC officials will check the documents and information. If they are satisfied, they will issue the Certificate of Incorporation.
The following documents are issued after the registration formalities are over.
– Certificate of Incorporation: RJSC will issue a Certificate of Incorporation of the company. The certificate will have the registration number, name of the company and the date of incorporation.
– Form XII: Form XII contains the list of directors of the incorporated company.
– Certified copies of Memorandum of Association and Articles of Association.
Applying for Trade License, Tax Identification Number, VAT registration and other licenses:
After the incorporation, the company should either purchase a commercial space or rent some space in any commercial area.
Subsequently, it must apply for a Trade License, VAT registration and a Tax Identification Number. Depending on the company’s business activities, it may need to obtain further business licenses. We will provide service for the first six (6) months for preparation of VAT return documentation and VAT (Musak) filing.
Other Licenses, Permits and Registration:
Registration with any Chamber of Commerce & Industry (optional but mandatory for obtaining either Import Registration Certificate – IRC or Export Registration Certificate – ERC)
Import Registration Certificate (IRC) for commercial purpose or for industrial raw materials by making application to the Chief Controller of Import & Export in prescribed form
Export Registration Certificate (ERC) by making application to the Chief Controller of Import & Export