Cost of Company Formation in Bangladesh
Bangladeshi Company Formation Cost/Company Registration cost in Bangladesh
A frequently asked question from clients is: How much does it cost to form a company in Bangladesh? We are writing this article in order to deliver this information.
Company Formation Cost in Bangladesh
In Bangladesh, an entrepreneur can establish a business by adhering to the rules outlined in The business Act, 1994. The Registrar of Joint Stock Companies and Firms (RJSC) oversees the company registration procedure. Depending on the company’s classification, different company creation costs apply. In Bangladesh, the price of forming a corporation can be divided into three categories.
Legal & Miscellaneous Expenses Paid Up Capital Attorney & Other Government expenditures for a limited company in Bangladesh
The sum that must be paid to the government in order to obtain a company’s registration is referred to as the “government cost.” It will rely on the company’s permitted capital.
The Registrar of Joint Stock Companies and Firms (RJSC), a government agency, authorizes the company’s registration. According to the RJSC, The government fee will be BDT 3950 for authorised capital up to BDT 10, 00,000, if the authorised capital is BDT 50, 00000 the government fee will be BDT 38220.
The following website can be used to determine the government charge.
Paid-up Capital
Repaid The sum of money that a business has gotten from investors in return for equity shares is known as capital. Following the company’s incorporation, paid-up capital—also referred to as share capital—may be raised at any moment. Thus, one of the main expenses associated with starting a corporation is the paid-up capital.
- Fees for Trade license in Bangladesh
- All the licensing costs in BD
- Company Incorporation fees in Bangladesh
- Formation Charges for Companies in Bangladesh
- Setup Expenses for Business in Bangladesh
- Registration Charges for Companies in Bangladesh
- Cost of Establishing a Company in Bangladesh
- Fees for Starting a Business in Bangladesh
- Legal Fees for Company Formation in Bangladesh
- Expenses for Incorporating a Company in Bangladesh
- Initial Investment for Company Registration in Bangladesh
Lawyer and Other Expenses
This lawyer and miscellaneous cost section does not have a set fee. It changes based on the specific requirements of the customers.
The Companies Act of 1994 has improved the company formation process in Bangladesh. With the help of its knowledgeable and skilled attorneys, Company Law Firm in Bangladesh (Lawfirm.com.bd) is a full-service law firm in Dhaka that has been handling all kinds of matters pertaining to foreign investments and company formation in Bangladesh. For this reason, feel free to visit our office or get in touch with us through:
CONSIDERATIONS for Foreigners
Foreigners who want to start a business in Bangladesh must examine the following factors:
- You must open a bank account in the proposed company’s name with the name clearance acquired from the Registrar of Joint Stock Companies and Firms (RJSC), i.e. the company registrar, and deposit the initial paid up capital. This is a requirement for company formation in Bangladesh.
- All company incorporation procedures can be completed without your needing to travel to Bangladesh. The lone exemption, depending on the bank, may be opening a bank account.
- Foreign directors and stockholders are permitted.
- If you only wish to incorporate a private limited company and have no plans to relocate to Bangladesh, you do not need to obtain a special Bangladesh visa. You are free to operate your business from abroad and to enter Bangladesh on a business visa whenever necessary to attend to company concerns on a short-term basis.
- If you intend to migrate to Bangladesh to run your business, you must first obtain a work permit.
ESSENTIAL DOCUMENTS
The following information is requested by the company registrar for the purpose of company incorporation in Bangladesh:
- Name of the company. A name clearance is required.
- Articles of Association and Memorandum of Association. RJSC stipulates that the object clause of the MoA be no more than 400 words and seven clauses long.
- Particulars of the Shareholder (National ID if the shareholder is a Bangladeshi)
- Particulars of the Directors (including Tax Identification Number)
- Form IX, Registered Address, and Subscriber Page. A scanned copy in pdf format is necessary.
- For visitors from other countries: Copy of shareholder and director’s passport.
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