:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
3990.00 USD 1990.00 USD 2 25.00% 1.00 Yes

Bangladesh also known as the People’s Republic of Bangladesh, it is a southeastern Asia country sharing borders with India and Myanmar. The capital of Bangladesh is Dhaka. It is among the top ten most populous nation in the world with over 160 million people. The official language of Bangladesh is Bengali with the Bangladeshi Taka (BDT) its official currency.

Bangladesh is home to the longest sea beach and largest mangrove forest on the planet earth, it’s a nation with a steady annual economic growth over the past years. It is considered to have one of the world’s largest water transport networks which allow the nation not to depend on neighbouring countries, facilitating the delivery of company products around the world.

Bangladesh is a member of the ICAO (International Civil Aviation Organization), its membership in this organization has enabled the airspace over its jurisdiction to conform to the modern requirements set out by the convention.

The government of Bangladesh is a unitary parliamentary constitutional republic. The nation is a member of the UN, Commonwealth of Nations, WTO, World Bank, International Monetary Fund (IMF), OIC, ICAO and many more. The legislative framework in Bangladesh is regulated by the Companies Act 1994 and Securities & Exchange Commission Act 1993, the Registrar of Joint-stock Companies and Firms (RJSC), the Company House of Bangladesh is the authority responsible for company related activities in Bangladesh.

Benefits of Company Formation in Bangladesh

  • Political and economically stable state;
  • Rapid economic growth;
  • Favourable tax regimes for Bangladesh registered a business;
  • Favourable government policies backing foreign investments;
  • Competitive labour costs;
  • Complete foreign ownership;
  • No minimum share capital requirements;
  • Access to purchase properties in the company’s name;
  • Strategic access to the South East market (For example, China and Bangladesh signed a duty-free agreement meaning Bangladesh registered companies can access the Chinese market at no extra costs);
  • Double tax treaty agreements with over 30 countries.

Business in Bangladesh: Taxes

  1. Corporate tax rate - 25%;
  2. Capital gains tax - 15%
  3. Dividends, royalties and Interests - 20%
  4. Value Added Tax (VAT) - 15%
  5. Double tax treaty agreements signed with over 30 countries.

Business in Bangladesh: Types of companies

  • Private Limited Company
  • Public Limited Company
  • Branch of a Foreign Company
  • Representative office
  • Subsidiary Company

Bookkeeping in Bangladesh

  • Annual return filing requirement - Yes.
  • Annual audit requirement - Yes.
  • Annual account filing requirement - Yes.

Company Formation Requirements

  1. Certificate of Incorporation;
  2. Memorandum and Article of Association;
  3. Minimum of two shareholders and directors for a Private Limited Company;
  4. Minimum of seven shareholders and three directors for a Public Limited Company;
  5. No minimum share capital requirements;
  6. Notarized passport copies;
  7. Company Promoter’s Resolution;
  8. Declaration of Registration;
  9. Directors and Shareholders’ register;
  10. Tax certificate;
  11. Legal registered contact and address.

How to Register a Company in Bangladesh: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the RJSC;

Step 2. Law and Trust works with the client to secure the Article and Memorandum of Association (MOA);

Step 3.  Law and Trust works with the client to open a corporate bank account in Bangladesh;

Step 4. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;

Step 5. Law and Trust deliver the certificate of incorporation personally to the client or via courier service.

Bangladesh Company Formation FAQs

How much does it cost to register a company in Bangladesh?

The cost of registering a company in Bangladesh is $3990. The total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

How long does it take to register a company in Bangladesh?

It takes from six weeks to complete the company registration process in Bangladesh.

Do I need a local address to register a company in Bangladesh?

Yes, it is required to have to a registered local address in Bangladesh to complete the necessary company registration and formation process.

Do I need a local registered agent to register a company in Bangladesh?

Yes, a local registered agent is needed to complete the company registration process in this jurisdiction.

How can I register a company name in Bangladesh?

The registration of a company name begins with the filing of the appropriate documents, Law&Trust helps with preparation and compilation of the necessary documents ensuring it meets the requirements set out by the RJSC, the Company House of Bangladesh with regards to the approval of a company name.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of company registration, formation, and incorporation services with Law&Trust International in Bangladesh include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Bangladesh. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of these services are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide clients with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region, area or state in Bangladesh. Be rest assured that no matter where the new company intends to incorporate in Bangladesh, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Bangladesh.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in Bangladesh, contact Law & Trust International by simply sending an email or call now to take your business to the next level!

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General information
Square147 570.00
Population15 003 900.00
CapitalDacca
Unemployment5.00
State polityunitary republic
The difference of time zones with Moscow+2
Telephone code880
Place in the world in corruption134
locationDelta of rivers Brahmaputra and Gan
Climatetropical
Literacy rate55.00%
Ethnic groups98% - bengalis, 2% came from the northern regions of India
National currencyTaka (BTD, code 50)
USD exchange rate77.70
GDP per capita42
Official languageBengali
Credit ratingВВ
The judiciarySupreme Court - the country's highest judicial body
Legislative authoritiesThe central government has a unicameral parliament (National Assembly)
Corporate information
Opportunity to purchase ready-made companiesНет
Terms of purchasing ready-made company12 working days
The use of the Cyrillic alphabet in the nameНет
Local registered officeДа
Organizational and Legal FormsPrivate Company, Public Company, Foreign Company, Trade Organization, Society, Partnership Firm.
Terms of registration24 hours
Local registered agentНет
Shares and share capital
Standard currencyTaka (BTD, code 50)
Information about the beneficiary is disclosedNo
The minimum amount of paid-in capital, nat. currencynone; currency Taka (BTD, code 50)
The minimum amount of the issued capitalNo
Bearer sharesДа
Terms of payment of the issued capital1 year
Terms of capital payment1 год
Possibility to issue shares without par valueНет
Taxation
VATНет
Basic corporate tax rate25.00%
Capital gains taxДа
Currency controlНет
Corporate tax rates detailsUpdated February 2018: Publicly traded companies generally taxed at 25% rate; banks, insurance companies and financial institutions taxed at 42.5% rate (40% if publicly traded); mobile phone operator companies and companies taxed at 45% rate; all other companies subject to 35% rate. Minimum tax of 0.6% (0.1% for certain industrial undertakings) applies to most companies with gross receipts exceeding BDT 5 million. Branches also subject to 20% tax on remittance of profits abroad.
Stamp dutyДа
Director and Secretary
Minimum number of directors1
The requirement for residency directorsДа
Director of legal entities are allowedДа
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryДа
Requirement to the residense of the SecretaryДа
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryДа
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerНет
Shareholders residency requirementНет
Information about the beneficiary is disclosedНет
Information may be disclosed to the local agentДа
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditДа
The requirement for filing Annual ReturnДа
Open access to the Annual ReturnДа
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)9
Membership in the OECDНет
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
135.00 135.00 441.00 405.00 315.00 234.00 891.00 774.00
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In Bangladesh, Trademark Comprehensive Studies are for word marks only.
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