Bangladesh Company Formation

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FEES SCHEDULE

Year 1 incorporation
US$11,400*

Year 2 onwards
US$6,900*

Nominee shareholder/director
US$1,800**

Company de-registration
US$2,450

* Depending on corporate structure and professional services required.

**Excludes US$1,100 refundable deposit.

Bangladesh company formation can be time-consuming and does not possess the strong reputation as a business hub that more developed jurisdictions in the region carry. Bangladesh is, however, rapidly growing and developing freer trade and investment policies. The following information will help to determine whether Bangladesh company formation is the optimum corporate structure to fulfill your business objectives:

Advantages of Bangladesh company formation

Over the past 5 years, Bangladesh has been growing at an annual rate of approximately 6%, mainly due to its limited but progressing industrial and services sectors.

Bangladesh company formation is executed via the Registrar of Joint Stock Companies and Firms (RJSC), the body responsible for ownership related issues as governed by company laws in Bangladesh.

Bangladesh company formation allows for 100% foreign ownership.

There is no minimum capital to form a company in Bangladesh.

Entrepreneurs who undertake Bangladesh company formation are exempt from paying any hiring costs (no security or payroll taxes) when employing personnel in Bangladesh.

Healy Consultants supports clients with their Bangladesh company formation by opening a corporate bank account. Major international banks are present in Bangladesh, including HSBC, Standard Chartered and Citibank.

Disadvantages of Bangladesh company formation

Bangladesh company formation can be hindered by taxation requirements. Corporate taxation rates vary from 35-45% depending on the business sector. �Tax Holiday� and other tax incentives are available.

The cost of company formation in Bangladesh is high (88% of income per capita), although this cost has declined by 6% from 2005.

According to the World Bank's Doing Business 2010 Survey, Bangladesh is negatively ranked as the world's 98th easiest place to start a business. Starting a business in Bangladesh requires several procedures, taking up to two months to complete.

Bangladesh suffers from a substandard international business reputation. The Bangladeshi economy ranks a poor 106 out of 133 countries in the World Economic Forum�s Global Competitiveness Report 2009-2010.

According to the 2010 Index of Economic Freedom by the Heritage Organisation, Bangladesh�s economy is the 137th freest in the world. Although improvements to free trade and investment policies have resulted in improvements within aspects related to business freedom.

Contact Us

For more information on Bangladesh company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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