Company Formation in Bangladesh – SK Patodia

Officially known as the People’s Republic of Bangladesh, the country is deemed to be one of the emerging economies of the world. Currently, the economic indicators of Bangladesh display an upward trend. The major contributors to the economic growth of Bangladesh are agriculture, transport and communication, power and energy and industry. Additionally, the manufacturing sector has shown remarkable growth over these years. Bangladesh has also signed treaties for avoiding Double Taxation with countries such as India, Canada, United Kingdom, Sweden, Malaysia, Singapore etc. Following are the reasons why starting a business in Bangladesh is an ideal choice for businesspersons.

  • Bangladesh provides an abundance labour force that is available economically.

  • The government of Bangladesh offers a Tax holiday for new companies incorporated in Bangladesh for around 5-9 years on some conditions.

  • It has the lowest inflation rate in Asia.

  • The work and residency permits are easily available for doing business in Bangladesh.

  • It has also established Export Processing Zone in order to encourage the level of exports.

  • Minimum 2 Directors (no requirement for a Local Director)
  • Minimum 2 Shareholders (The Director and the Shareholder can be the same person)
  • The Shareholder can be person as well as a legal entity
  • The company can be incorporated at a Nominal Share Capital at BDT 1
  • Locally registered office address

  • Details of Directors/ Shareholders
  • Passport copies of the Directors/Shareholders
  • Memorandum of Association
  • Articles of Association

  • Preparing relevant documents pertaining to Company Formation in Bangladesh
  • Name Reservation
  • Company Registration
  • Scheduling a meeting with the bank officials to open a Corporate Bank Account
  • Registering the company with Tax Authorities
  • Provision for a locally registered address
  • Obtaining Name Clearance Certificate, Certificate of Incorporation, Certified copies of MOA & AOA and Form XII
  • Post Company Incorporation Services (if required)

It takes 2 - 3 weeks in order to incorporate a company in Bangladesh.
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