How Can I Register My Pvt Ltd Company in Bangladesh?

How Can I Register My Pvt Ltd Company in Bangladesh as local Bangladesh and foreigners through RJSC. Foreigners can register only Pvt Ltd Company as a proprietorship company is not allowed. Character of Pvt Ltd Companies are:

• Limited number of shares
• Number of shareholders are minimum 2 and maximum 50
• Entrepreneurs must buy shares of own company
• Pvt Ltd company is not permissible to sell shares publicly
• Each shareholder must have share certificate
• Only certain number of shareholders are eligible to be director
• The person who does not have qualification of shares can be shareholder only
• Any important decision will be passed by meeting resolution of directors
• Directors will be present in annual general meeting
• Annual return will be submitted to be regular company
• Company must have objectives of business

Steps to register Pvt Ltd Company as local Bangladeshi

• Contact expert who knows way to register company
• Reserve company name by log in to RJSC site
• The person is eligible to process who has registered account
• Never try if you are not well knowing the law and process
• Pay Taka 600 to bank for reservation
• Reserve name is valid for 6 months
• Follow name reservation guide line
• Expert will prepare MoA and AoA along with objectives
• Maximum 6 number of objectives can mention in one business
• Secretary/ Representative/ Expert/ Advocate are eligible to apply
• Expert will fill up form I, IX, X, XII
• Prepare a board meeting resolution before process to register
• Pay government fees, VAT and stamp duty
• Let RJSC officer review all
• Manage them to be faster process
• Receive incorporation, MOA, AOA and Form XII copies in registered email

Steps to register Pvt Ltd Company as Foreign shareholders

• Contact S & F Consulting Firm
• Reserve propose company name by cost of Taka 600/-
• Let expert prepare draft Moa and Aoa
• Open temporary bank account
• Remit paid up capital and collect bank letter
• Submit MOA, AOA, Forms and Bank letter to register company
• Let RJSC officer verify bank letter by courier to bank
• Manage officer to make faster procedure
• Receive certified papers in email

Pvt Ltd Company registration Cost

Post registration

• Apply for TIN
• Obtain Trade License
• Obtain VAT License
• Export, Import licenses if need
• Membership from Chamber of commerce
• Factory set up permission if need
• Map and Fire license, if need
• Manpower permission, if need
• Board of Investment permission, if need
• Submit annual return by 12 months
• Pay tax to NRB
• Prepare audit report

Conclusion- Open Pvt Ltd company in Bangladesh is not easier as non-resident unless contact the expert. Proprietorship business is not allowed for the foreigners. Subsidiary company can be another method of register Pvt Ltd. As parent company will hold majority or full shares. In that case must appoint one local company representative who is responsible for Bangladesh. To complete registration process, it takes 7 to 10 days for foreign shareholding companies.