Setting Up Business in Bangladesh

Company name:

The name must be approved before establishing a company in Bangladesh.

Directors:

At least two directors are required. A bishop can be a local or a foreigner. The bishop must be at least 18 years of age and must not be civil or guilty of any sort of conduct in the past. It is important by law that the bishop must be a qualified shareholder of the Ahluwalia Association. Non-natural shareholders (such as a company) can choose candidates.

Shareholders:

The shareholder of private limited company can be from 2 to maximum 50 people. The director and shareholder can be same person. The shareholder can be a person or another legal business entity. In most areas, after the incorporation process is complete, 100% domestic or foreign equity contributions are allowed, new shares are issued, or a Bangladesh company can move to another company.

Authorized Capital:

You must make the approved capital in association memorandum and association terms. The maximum amount of shared capital that a company can issue to its shareholders. The proportion of authorized capital is irrelevant. There is no minimum or maximum limit on the official capital of Bangladesh.

Paid Up capital:

Minimum paid up capital for registering a company in Bangladesh are Taka 1. Capital paid by the company (also known as capital stock) can be extended at any time.

Registered address:

To register your company in Bangladesh, you must provide your local address in the form of your company's registered address. The registered address may be a physical address (which may be a residence or business address) and cannot be a P.O Box.

Memorandum and Articles of Association: 

Every company to be incorporated needs to prepare a memorandum of association (MoA) and articles of association (AoA).