Monday, 9 August 2021

Full Process of Limited Company Registration in Bangladesh

 You might know about Process of limited company registration in Bangladesh but do not know the exact procedure A-Z. Let, discuss in detail step by step: 

Step 1: You have to have a company name clearance 

Step 2: Appoint a lawyer or expert who will prepare documents as needs

Step 3: Lawyer will prepare draft MoA, AoA and form XII, IX, VI and so on

Step 4: Entrepreneurs will check objective clauses those are prepared by lawyer before final submission to RJSC through online

Step 5: Pay fee to schedule bank

Step 6: Lawyer will contact the officer of RJSC and request to check all of them and approve the file

Step 7: You will receive copies of RJSC through email if no problems are found by the officers

Step 8: Apply for Trade License

Step 9: Apply for TIN and VAT certificate

Step 10: Apply for membership of chamber of commerce and ERC & IRC in case of export and import business. 

By the way, to register a limited company you must decide who is the Chairman, Managing Director and Directors of the company. Moreover, you have to decide number of shareholders and their share proportion with value of shares. The directors will discuss with lawyer / expert about business objectives as nature of business. They will decide investment capital and authorised capital as well. 

Post company registration

You must know that 30 June is closing month in Bangladesh as law. So, you as director and shareholder must submit annual income and loss report to RJSC by lawyer to avoid financial penalty. Company accounts will be audited by auditor and submit income tax by the time by income tax practitioner to be regular company. In case of any sales of the company must submit VAT those are already paid and deducted with reference documents. 

Cost of company registration and business licenses

To register a limited liability company might cost in Taka 8000 as minimum and maximum is depended on authorised capital. To check costing can visit the link of RJSC and click on free calculator. Put authorise capital amount and select company registration and have look it. 

Trade license cost might in Taka 7000 and VAT registration in Taka 7000. ERC and IRC fee depend on yearly expenses of import and export goods. 

1. Duration of company registration: 3-4 days

2. Trade license: 2-3 days

3. VAT registration: 4-7 days

5. TIN: 1-2 days

6. ERC and IRC: 10-15 days

Contact us: +8801319340140 (WhatsApp available), Email: info at sfconsultingbd dot com. 

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