TEL:86-755-82143422

Home > Overseas Company Registration > Bangladesh Company Registration Requirements

Bangladesh Company Registration Requirements

Updated:2018-10-10 11:26:19    Source:www.tannet-group.comViews:56

Bangladesh company registration is different for local and foreign business startups. Bangladesh is a country in South Asia, which is the world's eighth most populous country. For foreign entrepreneur who intents to register a company in Bangladesh, it is really difficult without the assistance of professional agency. Like most other jurisdictions, Bangladesh has a set of initial and ongoing regulatory compliance requirements for starting and operating a company.

Types of Company Formation in Bangladesh
1. Private limited Company (Limited by shares or Limited by guarantee);
2. Public limited company (Limited by shares or Limited by guarantee).

When considering the registration of a new company or relocation of your existing company to Bangladesh, the 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. The following are the relevant requirements on private limited companies in Bangladesh.

Requirements on Private Limited Company
1. Company Name 
The name must be approved (cleared) before incorporation of the company in Bangladesh.

2. Directors
Minimum two directors are mandatory. Directors can be either local or foreign. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past. The law requires that a director must own qualification shares stated in the Articles of Association. A shareholder which is not a natural person (i.e. a company) can select nominee director.

3. Shareholders 
A private limited company in Bangladesh can have a minimum of 2 and maximum of 50 shareholders. A director and shareholder can be the same or a different person. The shareholder can be a person or another legal entity such as another company. 100% local or foreign shareholding is allowed in most sectors.

4. Authorized Capital
You must state the authorized capital 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.

5. Paid-up Capital 
Minimum paid-up capital for registration of a Bangladeshi company is Taka 1. Paid-up capital can be increased anytime after the incorporation of the company.

6. Registered Address
In order to register a company in Bangladesh, you must provide a local address as the registered address of the company. The registered address must be a physical address (can be either a residential or commercial address) and cannot be a P.O. Box.

7. Business Scope
There is no restriction in general on foreign investment except in sectors controlled by administrative licensing processes. These include: banking, finance, insurance, merchant banking and brokerage, telecommunication, aviation and broadcasting.

Basically, Tannet can help you figure out a suitable solution for your business in Bangladesh after you send us the relevant information listed above. Apart from corporate formation, Tannet also provide a full range of intellectual property services, from trademark to patent and design.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

Previous:Set Up a Company in Czech Republic     Next:Register a Representative Office in Philippines