Department Lawyers

Company formation in Bangladesh is governed by the Companies Act, 1994. Here's a concise overview:

Types of Companies

• Private Limited Company (Ltd): 2-50 shareholders.
• Public Limited Company: 7+ shareholders; can issue shares publicly.
• One Person Company (OPC): Single shareholder.
• Foreign Company: Branch or liaison office.

Key Steps for Formation

1. Name Clearance: Obtain from the Registrar of Joint Stock Companies and Firms (RJSC).
2. Draft MoA & AoA: Define company objectives and internal rules.
3. Registered Office: Provide an official address in Bangladesh.
4. Incorporation: Submit necessary documents (MoA, AoA, forms) to RJSC. Receive a Certificate of Incorporation.

Post-Incorporation

• Issue Share Certificates within 60 days.
• Obtain a Company Seal.
• Open a Bank Account in the company's name.
• Get a Trade License and register for TIN and VAT.

Compliance

• Maintain statutory books, hold AGMs, and file annual returns with RJSC.

Foreign Investment

• Comply with BIDA regulations and report capital to the Bangladesh Bank.

Taxation

• Corporate tax rates: 25% to 45%, depending on the business type.

This process ensures legal recognition and compliance for companies in Bangladesh.