Your Gateway to Business Success in Bangladesh
Comprehensive Company Registration Services
Navigate the complexities of company registration with ease. Our expert team provides tailored solutions to ensure your business complies with all legal requirements in Bangladesh.
Expert Legal Guidance
Our seasoned legal professionals offer unparalleled advice to streamline your registration process.
Seamless Process
Experience a hassle-free registration journey with our step-by-step assistance.
Understanding Company Registration
The Essentials of Registering a Business in Bangladesh
Registering a company in Bangladesh involves several critical steps, including obtaining a Tax Identification Number (TIN), securing a Trade License, and registering for VAT. Each of these steps is crucial for ensuring your business operates legally and efficiently. Our firm specializes in guiding entrepreneurs through this process, ensuring compliance with all local regulations and helping you establish a strong foundation for your business.
Step-by-Step Guide to Essential Registrations
Obtaining a Tax Identification Number (TIN)
Start by applying for a TIN through the National Board of Revenue. This is a mandatory step for all businesses operating in Bangladesh.
Securing a Trade License
Apply for a Trade License from your local city corporation. This license is essential for legally conducting business activities.
Registering for VAT
Complete the VAT registration with the Customs, Excise, and VAT Department to ensure compliance with tax regulations.
Essential Insights for Foreign Investors
Bangladesh offers a favorable environment for foreign investors, allowing 100% ownership in most sectors. This provides significant control and flexibility for international businesses looking to establish a presence in the country.
Profits generated by foreign-owned companies in Bangladesh can be fully repatriated, ensuring that investors can efficiently manage their earnings and financial strategies across borders.
The employment ratio permits hiring foreign nationals at a 20:1 ratio with local employees, facilitating the integration of international expertise within local operations.
Company Registration Costs and Timelines
Activity
Name Clearance
Drafting MoA & AoA
RJSC Registration Fees
Cost
USD 10–50
Varies (depends on legal fees)
USD 500 (approx.)
Timeframe
1–2 working days
2–3 working days
3–4 working days
Trade License
USD 200 (approx.)
3–4 working days
BIDA Registration
Common Queries on Company Registration
Understanding the intricacies of company registration in Bangladesh is crucial for both local and foreign investors. Here are some frequently asked questions to help guide you through the process.
What are the benefits of 100% foreign ownership?
100% foreign ownership allows complete control over business operations and decision-making, providing flexibility and autonomy in managing the company.
Is it necessary to have a local partner for company registration?
No, it is not mandatory to have a local partner. Foreign investors can fully own a company in most sectors without local partnership requirements.
How can profits be repatriated from Bangladesh?
Profits can be repatriated through authorized dealer banks, following the guidelines set by the Bangladesh Bank, ensuring smooth financial transactions.
What is the process for obtaining a Trade License?
A Trade License can be obtained from the local city corporation by submitting the necessary documents and paying the applicable fees. It must be renewed annually.
Are there any specific tax incentives for foreign investors?
Yes, Bangladesh offers tax holidays and reduced corporate tax rates for certain industries, which can significantly benefit foreign investors.
What are the corporate tax rates in Bangladesh?
Corporate tax rates in Bangladesh range from 22.5% to 45%, depending on the sector, with potential tax holidays for select industries.
Benefits of Company Registration
Strategic Advantages in Bangladesh
Establishing a business in Bangladesh offers a wealth of opportunities, including access to a burgeoning market and a strategic location for regional trade. The government provides numerous incentives for new businesses, making it an attractive destination for both local and international entrepreneurs. Navigating the registration process with the help of seasoned professionals ensures compliance with all legal requirements, paving the way for a successful business venture.
With a robust legal framework and supportive economic policies, Bangladesh is poised to be a prime investment hub in South Asia. The ease of repatriating profits and the allowance for full foreign ownership in most sectors further enhance its appeal. By partnering with TRW Bangladesh, you can leverage expert insights to streamline your company registration process, ensuring a smooth and efficient setup.