In Bangladesh, foreign investors can incorporate a fully owned firm, a subsidiary, or a joint venture. Public and private limited companies are the most popular kinds of incorporation. Incorporated companies must follow the Companies Act of 1994 and are allowed to conduct any legally authorized activity and operate in any location in Bangladesh. The processing stages generally take five weeks to complete. Company incorporation in Bangladesh requires the following steps:
Step 1: Getting name clearance from the Registrar of Joint Stock Companies and Firms (RSJC).
Step 2: Preparation of Articles and Memorandum of Association.
Step 3: Opening a temporary bank account for capital deposit. Investors can open temporary accounts through online arrangements for FDI in Bangladesh as per Circular no 11 of the Foreign Exchange Policy Department of Bangladesh Bank issued on May 17, 2021.
Step 4: Submission of application for incorporation with the Registrar of Joint Stock Companies and Firms.
Step 5: Obtain Certificate of Incorporation.