Best Law Firm in Bangladesh for Company Registration – Step-by-Step Legal Process
Top Legal Services in Bangladesh for Company Registration - Complete Legal Guidance
Do you wish to establish a business in Bangladesh? As a local or foreign entrepreneur, you can register a company in Bangladesh with ease now—if you have the right legal assistance. We are the leading law firm in Bangladesh for company registration as we ensure compliance and offer a seamless process.
Why Bangladesh Stands Out for Company Registration?
Bangladesh has emerged as one of the most attractive regions for new businesses. The country continues to record robust GDP growth (6-7%) and has a young and cheap workforce together with a welcoming government. This is very supportive of both new local startups as well as foreign businesses. It is also rewarding in terms of repatriation of profits and in other provisions like owning 100% shares in most sectors.
Company Registration in Bangladesh – Category List
As per the Companies Act of 1994, registered entities are only regarded as companies. Most people prefer to register under these categories:
- Private Limited Company (most common)
- Public Limited Company
- One Person Company (OPC)
- Companies Limited by Guarantee
- Unlimited Liability Companies
Out of these, the Private Limited Company stands out the most for both local and international investors due to its ease of use, legal defense options, and greater flexibility.
A Guide to Registering a Company in Bangladesh Step by Step
Step 1: Choosing The Appropriate Type of Business For You
Deciding the kind of company you want to set up is your first step towards achieving your dreams. If you are searching for limited liability, a Private Limited Company is best for you and requires only 2 to 50 shareholders. If you have larger plans or want to go public, then you could consider a Public Limited Company.
Step 2: Name Clearance Application from RJSC
After deciding the name of your company, apply online in the RJSC portal for name clearance. After doing the registration and verifying availability RJSC will grant a Name Clearance Certificate which is required for all the further steps.
Step 3: Drafting Memorandum and Articles of Association
The Memorandum of Association includes your company’s objectives and the shareholding structure. The Articles of Association cover internal company rules relating to boards, their power, meetings, and director appointments. A legal consultant prepares the documents to be signed by the shareholders and directors, and those are filed with the registrar of the company.
Step 4: Secure a Provisional Bank Account
Following the name clearance, the next step is to set up a bank account in the name of the company. For foreign investors, the paid-up capital must be wired into the account—preferably exceeding USD 100,000 to enable the issuance of work permits and additional incentives from BIDA. After disbursement, the bank will provide an Encashment Certificate.
Step 5: Submit Documents to RJSC
The MoA, AoA, form for directors, and Encashment Certificate are required documents. Make sure to also submit an electronically signed Government Fee Payment Receipt. RJSC will process the payment and carry out the required company registration.
Step 6: Receive Certificate of Incorporation
RJSC will provide you with the certificate of incorporation along with certified copies of the company MOA/AOA and the directors list, provided that everything is compliant. This legally registers your company in Bangladesh.
Step 7: Post-Registration Compliance
Following incorporation, the company also needs to secure:
Taxpayer Identification Number: provided free of charge and processed online through NBR.
Trade License: issued by the municipal corporation.
Value Added Tax: issued by the Customs and VAT Commission.
Fire License: granted under the Fire Prevention Act, 2003.
Environmental Clearances: provided for businesses with a known environmental impact.
Legal Considerations for foreign investors
Most sectors are open to 100% foreign ownership in Bangladesh. Foreign directors can be appointed, but the company needs to maintain a local office. Foreign employees require work permits and must adhere to a 1:20 local to foreign staff ratio. Company registration can be done through a law firm remotely.
Why Work with the Best Law Firm in Bangladesh?
At The Justice Corner, we make sure that your company registration is smooth every step of the way. As the leading law firm in Bangladesh for company registrations, we offer:
- Remote registration services
- BIDA support for foreign investors
- Full compliance with tax and licensing
- Documentation in English along with global support
- Customized legal strategies specific to your business
Do you need assistance with Company Registration in Bangladesh?
Our specialists are ready to assist. We cover everything from name clearance to VAT registration and BIDA approvals. Regardless if you are a startup, SME, or multinational, we ease and secure your entry into Bangladesh.
How long does it take to register a company in Bangladesh?
On average, the time frame from name clearance to certificate issuance is 7-10 working days.
Can a foreigner open a company in Bangladesh?
Definitely. Foreign nationals are able to register a company in most sectors at 100% ownership.
How many directors are needed?
A minimum of 2 for private limited companies and 3 for public limited companies.
What’s the cost of company registration?
Registration cost varies based on authorized capital and other service fees. Reach out for a bespoke quote.
Is there a minimum capital requirement?
There is no official minimum, however, foreigners will have added advantages if they start with a capital of USD 100,000.