Company Formation is the first steps of a Limited Company Registration at RJSC (Office of the Registrar of Joint Stock Companies and Firms) in Bangladesh. If two or more person want to open a limited company business in Bangladesh. At first Select a good name (proposed name of the Company) to collect a Name Clearance Certificate from RJSC. After collecting Name Clearance Certificate we prepare Memorandum of Association and Articles of Association and paying Govt. fees of the company (Government registration cost by depending on Authorization capital of the Limited company) at selected Bank of RJSC in Bangladesh.
Basically, two kinds of limited company business available in the country Privet Limited Company and Public Limited Company; Privet limited company has to at list 2(two) Director or Share holder and highest 50 (Fifty) Director or Share holder in the company and public limited company at least 07 (Seven) Director or Share holder and maximum unlimited number of Director or Share holder limited by the shares following The Companies Act,1994. Know more about Joint Stock Company.
Company registration/ formation first step Name clearance of the company’s name (proposed name of the Company) from RJSC. There are three kinds of Privet limited company existing here such as local company (All Directors are Bangladeshi), foreign company and Joint Venture Company. Foreign company means100 % share holders are foreign Country’s citizen, Joint Venture Company means local Director/Share holder and foreign Director/Share holder are agreed jointly operating the company, sharing risk and profit & loss of the business by forming company registration at RJSC. Local company there cent percent Director/Share holders are Bangladeshi citizen.
Information Needs for Company Registration at RJSC in Bangladesh:
A list of information which is needed to prepare for local limited company, 100% Foreign company and Joint Venture Company’s Memorandum & Articles of Association.
- Select a good name of company name (proposed name of the Company)
- To apply for company’s name (proposed Company) at RJSC
- Company’s Name clearance certificate (approving by RJSC)
- All Director & Share holder’s Name
- All Director & Share holder’s Date of Birth
- All Director & Share holder’s Address
- All Director & Share holder’s TIN Certificate (Taxpayer’s Identification Number).
- All Director & Share holder’s (Voter ID Card) National ID Card
- All Director & Share holder’s Cell / Mobile Phone Number
- All Director & Share holder’s Email Account
- To be mentioned all Director and Share holder’s number of share
- To be mentioned number of qualifying share of the Director of the company
- To be mentioned Registered Office Address of the company
- To be mentioned who are the Director, Chairman and Managing Director of
- To be mentioned Company’s Authorized capital and Paid up capital or
(Business Capital) of the company.
Company Formation and Company Registration are same meaning of(LLC) Limited Liability Company registration at RJSC (Office of the Registrar of Joint Stock Companies and Firms) in Bangladesh. Company formation first steps is Name clearance of the company’s name (proposed Company) from RJSC and to pay Bank deposit at selected bank of RJSC and take name clearance certificate for preparing Memorandum of Association and Articles of Association( Here mentioned all kinds of business and company operating rules & regulations) of public or privet (LLC) limited liability company in Bangladesh.
Now, Bangladesh government cordially encourage to invest local and foreign Enthusiastic entrepreneur into our country’s profitable business sector. There are huge lucrative opportunities laying on here for investing business capital and earning more and more than other countries in many ways. The leading business sectors are frozen food, sea food, Ready made garments, fruits & vegetables, jute products, leather goods, IT sector, International Call Center, shrimp lobster & eel fish, Crab and Tortoise, food Processing industry, agriculture, handicrafts, leisure hospitality & truism sector to attract foreign, joint venture, international and multinational investment to develop this particular sector for earning handsome money all the way.
Now Bangladesh is one of the leading potatoes exporting country in the world. Its favorable climate and cheap labor helps to yield high quality and low price potato supply into the global market. Potato exporting is a one of the most profitable business, so local or foreign entrepreneurs could start this business by Register a Company in Bangladesh. For start Export Business needs Export Registration Certificate and it should be collect from
International, Multinational and Foreign entrepreneurs would commence lucrative business in Bangladesh by taking company registration from RJSC, however, it may be Foreign Company, Joint Venture Company or to establish Branch Office, Liaison Office, Country office or Regional Office in Bangladesh.