Company Formation, Registration, Process, Doing business in Bangladesh

Company Formation, Registration, Process, Doing business in Bangladesh

Required documents are: 

Other: 

1. Factory: Approval of Factory Plan

2. Bonded Warehouse License

3. Registration of Local Investment Project

• Memorandum & Article of Association

• Trade License

• Tax Certificate (Company & Individual)

• Encashment Certificate against Paid Up Capital (Encashment shall be issued by schedule bank of Bangladesh)

• Passport copy

• Address in Bangladesh & Contact detail

• PI Visa (For investors) & EI Visa (For foreign employee) from BOI

• USD 50,000 has to deposit in terms of PI & EI Visa & inward remittance, Office expenses & so on as government rules. 

As rules of government body overseas entrepreneur can set up liaison office.

  

Why foreign investors plan to setup business in Bangladesh? It’s not the biggest economically developed countries. GDP is not higher; fdi is not much higher than many countries of Asia. Entrepreneurs plan to register a company in Bangladesh due to recognition and earning expected amount from investment capital. Many sectors are remarkable for business in Bangladesh like real estate, restaurant, IT, consultancy, online, cleaning, Garments, chain shop, glossary, service business, manufacturing, assembling and many more.

Every investor plans to do business expecting a good return and repatriate the profit to mother country. Bank account opening as foreigners is not difficult but only registered business entities are allowed to open account. New company registration in Bangladesh as foreigner is not same like other country and not free from burocracy. Every government tries to increase foreign direct investment-fdi and attract the foreign entrepreneur to invest. The following services are provided for the foreign entrepreneurs: a) Foreign business registration b) income tax filing c) accounts and audit service d) virtual office rent e) nominee directorship f) Repatriate consultancy g) annual return filing h) company secretarial

Foreign Company Registration in Bangladesh, Company Formation in Bangladesh

Company formation, registration, doing business in Bangladesh