Success tips when doing business in Bangladesh in 2021
- Government agencies play an important role in doing business in Bangladesh. All businesses deal with government agencies on a regular basis, and foreigners setting up a business in Bangladesh should exercise restraint and be patient as much as possible, despite having to potentially deal with extensive red tape, as authorities will always have the final say in any administrative matter;
- As not all local Bangladeshi companies are well-versed with international trade, we encourage our Clients to consistently use and sign contracts of service with their suppliers and counterparties in Bangladesh;
- Your joint venture partner or Bangladesh shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including knowledge which would help your company succeed in Bangladesh;
- When you’re starting a new business it’s important to find out which of Bangladesh’s registrations and licenses apply to your firm. Navigating this system can be a complex task, as different branches of the government will handle registration and licensing for various aspects of your business.
Frequently asked questions
What is the minimum share capital requirement for starting a business in Bangladesh?No minimum paid up share capital is mandated when registering a company in Bangladesh.
How many directors and shareholders are required for registering a company in Bangladesh?Only 2 directors and 2 shareholders are required for business registration in Bangladesh.
Is it mandatory to have a resident director or shareholder for Company Registration in Bangladesh?No. It is not necessary to appoint a resident director or shareholder for registering a new company in Bangladesh.
Is a company secretary mandatory for company registration in Bangladesh?No. A company secretary is not required for opening a business in Bangladesh.
How to register a business in Bangladesh?
For business registration, our Client will be required to i) reserve the company name ii) supply the Bangladesh office lease agreement iii) sign the company setup forms iv) register for tax and social security and v) obtain a business license.
Healy Consultants’ experts are Bangladesh company registration specialists and will assist our Clients at every step.
Can Healy Consultants assist my firm with Bangladesh subsidiary company registration?Yes. Our Bangladesh company registration services include i) business registration ii) business license registration iii) immigration solutions iv) employment strategies v) business banking solutions and vi) office rental requirements.