How to start company registration in Bangladesh?
October 27,2018,11:17 pm, By admin
“How to start a new business in Bangladesh?” is a common question for new entrepreneur who want to start a new company in Bangladesh and also foreign investor who are looking for invest in Bangladesh. Now Bangladesh Government keen to make better business opportunity for both local and foreign investor to invest in Bangladesh.
In Bangladesh RJSC (Registrar of Joint Stock Companies and Firms) is the only authority to registration or Formation Company. RJSC works under the company law in Bangladesh.
How to start company registration in Bangladesh?
Opening a company business in Bangladesh, at first needed to company registration at RJSC (The Register of Joint Stock Companies and Firms) of the country. Entrepreneur’s first step to select a suitable name for the company to collect Company’s Name Clearance Certificate from RJSC for company registration.
Why start Limited Company in Bangladesh?
Company business is the large part of trade and commerce all over the world. If you start a company business , at first you need a name selection for your company of name clearance certificate and later company registration at RJSC (Office of the Registrar of Joint Stock Companies and Firms ) in Bangladesh. Company formation has a certain process and procedure to set-up of a company business.
Foreign | Joint Venture Company Registration in Bangladesh
Now, Bangladesh is an emerging tiger of South Asian lucrative business arena. So foreign investor coming here to invest on various kinds of business sector , basically they open 100% foreign owned company or joint venture Company in Bangladesh. Moreover, World’s famous company set up Branch Office, Liaison Office or Regional Office in Bangladesh. Now describe the procedure of Foreign and Joint Venture company registration in Bangladesh.
Company Formation in Bangladesh
Company Formation in Bangladesh is an easy process. There are plenty of scopes to start a business in Bangladesh. Now Bangladesh is the second highest garments exporting country in the world. There have more scope to invest in this sector.
A new investor can invest here with a small garments or a Buying House. Other than garments sector one can invest in Leather and Leather Products, Frozen Foods, Jute and Jute Products and Tourism sectors.
How to open a new company in Bangladesh
“How to open a new company in Bangladesh?” is a common question to a new entrepreneur. As an entrepreneur if you want to start your personal business with separate business entity you need to register a company, under the Company Act, 1994.For company registration in Bangladesh you should follow a specific guideline.
Company Registration in Bangladesh
Company registration in Bangladesh is quite critical process. But if you want to start a new company you must register it from RJSC (The Register of Joint Stock Companies and Firms). RJSC is the authority to provide registration certificate or incorporation certificate for a company in Bangladesh.
RJSC Name clearance | RJSC entity name search
RJSC name clearance is the first stapes for a company formation or registration to start business in Bangladesh. RJSC (The Registrar of Joint stock Companies and Firms) is the only legal authority to issue Name Clearance Certificate.
RJSC Name Search | Company Registration in Bangladesh
RJSC name search is the first steps to company registration in Bangladesh. RJSC (The Registrar of Joint Stock Companies and Firms) is the sole authority to provide such legal business entities in Bangladesh. At first you should select a name and apply for name clearance to RJSC, if they are satisfied they will provide you a unique name for your expected company.
RJSC Name clearance | RJSC entity name search
RJSC name clearance is the first stapes for a company formation or registration to start business in Bangladesh. RJSC (The Registrar of Joint stock Companies and Firms) is the only legal authority to issue Name Clearance Certificate.
Name Clearance Terms and Condition:
- The same name is not applicable for Company / formation in Bangladesh, (Which is certified by RJSC). Its hearing sound, written style and sight will not be same all the way.
- Name could not be similar with international company , organization, social & Cultural organization.
- Name cannot be permissible any existing company , business body, Social, Cultural, Entertainment & Sporting organization’s name.
- Company’s name will not be similar Govt. Organization or Company.
- Nationally fame person’s name or famous family’s name need to permission from particular person and take permission to Government.
- If you interested to take freedom fighter related name for your company must be essential approval of Freedom Fighter Ministry of Bangladesh.
- Company’s name could not be similar of Govt. development program or development organization.
- No name will applicable of political party’s slogan, political party’s name and program which are existing now.
- Slang word, Rebuke or……possible for company formation in Bangladesh.
- Cannot select any name which is broken Social, Religious and national harmony.
- Earlier established (at least 10 years old) Social organization’s real name , to attend personally with organizing Committee resolution for registration of social organization’s real name.
- Social, cultural & sporting Organization’s can be limited company by taking Ministry permission otherwise not possible to do.
- Violating any name clearance terms & conditions R, RJSC can change providing name and if name is unchanged a certain time , Registration number will be acquainted of the company.
- Only name clearance is not final settlement of Company Registration/Formation first stapes.
At first you select a name of your company than submit RJSC and pay 600 (Six Hundred) taka to schedule authorized bank of name clearance cost. If you get name clearance from RJSC of submitting company’s name, and make Memorandum of Association & Article of Association. Memorandum of Association describes all kinds of business & activities which will be operate by the company and mentioned of shares distribution of every Director and share holders. All share holder, director, managing director, Chairman signed it for their proposed share.
Article of Association basically written down legal and administrative activities of the company, as like borrowing powers, power of chairman, managing director, director and share holders, general meeting procedure, quorum of meeting, vote of member’s ,qualification shares of directors, quorum of board meetings, number of share of directors and share holder’s and all other operating activities which followed by Company Act 1994.
In Bangladesh Partnership Firm Registration is a common term. There are two types of partnership business in Bangladesh. One is registered partnership firm and another is non registered partnership business. Most of the partnership business is non-registered in Bangladesh.
RJSC Name clearance | RJSC entity name search
RJSC name clearance is the first stapes for a Partnership Firm formation or registration to start business in Bangladesh. RJSC (The Registrar of Joint stock Companies and Firms) is the only legal authority to issue Name Clearance Certificate.
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