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The most common form of company incorporated in Bangladesh is company limited by shares. Office of the Registrar of Joint Stock Companies and Firms (RJSC) is the regulatory body responsible for registration of Companies in Bangladesh. In order to register a company in Bangladesh under the Companies Act 1994, one must follow the following step by step procedure.
Obtaining the name clearance is the first step of company registration in Bangladesh. You must chose a suitable business name for your company before proceeding with the registration of the name. It must not correspond with an existing name or any other names that it is so similar with an existing name when the scope of business of the proposed company and the existing company cannot be distinguished.
The following documents would be required to be submitted to RJSC for their verification:
Obtaining and executing the following forms for registering the company in Bangladesh with RJSC:
If it is a foreign company willing to register as a shareholder of the company in Bangladesh, the procedure of the company registration in Bangladesh adds a new clause in it. It is ordained by the laws of Bangladesh and the guideline given by RJSC, the foreign company, must pay its shareholding amount in the proposed Bangladeshi company.
In order to bring the foreign shareholding amount, you will require to open up a temporary bank account through submitting the following documents to the respective banks, which as follows:
After successfully opening the bank account and injecting the share capital ammount, you must abtain an “Encashment Certificate” from the bank which states that the amount required for capital contribution has been duly remitted in the temporary bank account of the proposed company.
In order to register the company with the RJSC, registration fee and stamp duty has to be paid in the prescribed bank of RJSC;
Such government fee shall be determined based on the authorized share capital of the proposed company;
Upon successful completion of all the formalities, a certificate of incorporation has to be obtained from the RJSC.