Foreign Entity Setup
We Can Assist to Open Liaison & Representatives Office in BangladeshBangladesh is home to more and more foreign companies. They have adopted free industrial policies and provided foreign investors with generous opportunities; thus making Bangladesh one of the emerging centers of foreign investment. With continuous growth of more than 6% in the past decade, and a large local consumer base, the economy is an attractive destination for investment in many industries as a foreign entity.
Get Error-Free Private Limited Company Registration in 5 Steps
According to international practice, there are two types of companies that can be registered in Bangladesh-public limited companies and private limited companies. The type that foreign investors usually choose is a private limited company for foreign entity.
The steps to register a private limited company in Bangladesh are detailed below:
1: Obtain name permission
2: Documentation
3: Bank account related procedures
Step 4: Submit documents to the registrar
5: Post-registration compliance
Be Confident With Our 4 Unique Foreign Entity Setup Process
1. Enlisted Office
Branches should keep an enrolled office and have an organization agent present when open,We will Help you
2. Yearly Return
Enlisted unfamiliar organizations should hold up a yearly get back with RJSC essentially once every schedule year.
3. Budgeting
Enrolled unfamiliar organizations should stop fiscal reports with RJSC basically once every schedule year.
4. Planning
On the off chance that insights concerning your unfamiliar organization, its chiefs or the local specialist change.
Set your worldwide presence in 7 ways
5. Organization Registration
Let a group of neighborhood specialists work with nearby governments to set up your element, saving you time and assets.
6. Set Your Worldwide Presence
Setting up an unfamiliar lawful element brings gigantic potential for development and a novel arrangement of difficulties. Remove the disappointment from element foundation with a group of experienced accomplices to direct you through each progression of the cycle.
7. Finance Services
Hand off precise, effective, and country-agreeable finance the executives, and spotlight on worldwide upheld workers.
Set your worldwide presence in 7 ways
1. Bookkeeping Assistance
Depend on bookkeeping and accounting aptitude to keep up with consistence with neighborhood specialists.
2. Corporate Annual Compliance
Use experienced bookkeepers to get ready yearly fiscal summaries, assessment, finance, and legal returns that cling to nearby guidelines.
3. Warning Services
Zero in on business development while a devoted group handles work contracts, benefits enlistment, and intercompany arrangements.
4. Worldwide Supply Chain
Set up and oversee new worldwide appropriation activities with certainty, while additionally guaranteeing consistence in your current tasks.
Acquire Name Clearance at Zero Hour
The proposed name of the organization should be supported before fuse of the organization in Bangladesh. An application for the name freedom must be recorded to the RJSC alongside the filled in application structure and the proposed name for foreign entity.
Get Perfect Documentation Assistance
The accompanying archives should be ready and ordered with the end goal of the fuse of the organization:
a) Memorandum of Association (MoA) and the Articles of Association (AoA)
b) Foreign advertisers goal to open an organization in Bangladesh
c) Obtaining and executing the accompanying structures:
The Structures:
1. Filled in Form I: Declaration on enlistment of Company;
2. Filled in Form VI: Notice of Situation of enlisted office;
3. Filled in Form IX: Consent of chief to act;
4. Filled in Form X: List of people consenting to be chiefs (least 2 chiefs required);
5. Filled in Form XII: Particulars of the Directors, supervisors and overseeing specialists.
Post Registration Compliance
After the enlistment interaction is finished, a Private Limited Company may need to get any or the entirety of the accompanying records:
a) Board of Investment Registration
b) Trade permit from the pertinent City Corporation.
c) Tax Identification Number (TIN) from the National Board of Revenue (NBR)
d) Vat Registration Certificate from NBR
e) Fire Certificate from the Bangladesh Fire Service and Civil Defense Authority (for mechanical endeavors)
f) Environment Clearance Certificate from the Department of Environment, if the organization is engaged with mechanical activities (for modern endeavors)
g) Investor visas, work licenses and representative visas for far off nationals.
Background Verification
The advertisers are needed to open a brief financial balance for the sake of the proposed organization with any planned manage an account with condition that the record will be regularized once the organization is properly enrolled with the organization house as a foreign entity. After the record is made, the capital commitment must be dispatched to the brief record and an Encashment authentication must be gotten from the bank which expresses that the sum needed for the capital commitment has been appropriately transmitted and gotten.
Submission of the Documents to the Registrar
At last, an application must be made to the RJSC alongside every one of the reports executed as recorded above alongside the Government charges. The RJSC subsequent to scrutinizing all archives enrolls the organization for foreign entity and gives a declaration of fuse.
Accompanying The Foreign Entity Setup Act
The Companies Act 1994 arrangements with the legal necessities of organization consolidation and ensuing administration. The legal body under the Act is the Registrar of Joint Stock Companies and Firms (RJSC) which gives the itemized rules from name leeway to consolidation.
Deal with Foreign Entity Setup and Support
From starting arrangement and enrollment to continuous upkeep and revealing, depend on a committed vital accomplice to help you through the cycle.
We use our mastery and associations with neighborhood accomplices in more than 185 nations to assist you with setting up a presence in your ideal country.
Grow Your New Business Sectors With Our Foreign Entity Aptitude
Free up your internal resources and depend on Foreign Entity Setup and Support administrations from a group of specialists so you can zero in on what is important most: developing your business.
Development specialists will work with you to decide the best design for your business and art a custom development intend to guarantee long haul achievement.
FAQs for Register a Foreign Entity Setup in Bangladesh
In Bangladesh, Is there any specific sector where foreign investment is regulated?
Yes. In Bangladesh private investment, local as well as foreign, is restricted in four sectors. It was mentioned in the Industrial Policy 2010. Those 4 sectors are:
- Arms & ammunition & other military equipment and machinery
- Nuclear power supply
- Security printing and minting
- Afforestation or mechanized extraction within the border of kept forest
How long does it take to set up foreign entity in Bangladesh?
In Bangladesh, setting up an entity can take a considerable amount of time, depending on a number of aspects. Normally, process takes 3-4 months before you can begin operating in your new market. The duration often increases due to delays in banking, filing errors, and other administrative tasks.
How to set up my budget for establishing a company?
No matter what market you’re in, setting up a company or entity takes a long time and costs a lot of money. We provide expert consultant to our clients to make use of your valuable resources perfectly and letting you to concentrate on day-to-day operations and handling your global expansion initiatives.
How can you support for Local Entity?
Yes. Eicra.com can supply ongoing services such as human resources, payroll, and welfares administration for your local entity. Moreover, we can also assure your company is in compliance with local tax and company rules.