Eligibility Criteria for Company Registration in Bangladesh
Starting a company in Bangladesh requires meeting specific eligibility criteria, ensuring the business is legally recognized and operational. Below are the primary requirements for company formation:
Minimum Shareholders: For a private limited company, at least two shareholders are required. In the case of a public limited company, the minimum number of shareholders is seven. Shareholders can be individuals or corporate entities.
Minimum Directors: A private company must have at least two directors, while a public company requires a minimum of three. Directors can be foreign nationals, but at least one director must be a resident of Bangladesh.
Registered Office: The company must have a registered office within Bangladesh, where official communication and notices will be sent. The office address must be properly documented.
Capital Requirements: The minimum paid-up capital for a private limited company is BDT 1, while for a public limited company, the minimum capital is BDT 1,000,000. However, additional capital may be required based on the nature and scale of the business.
Business Purpose: The company must have a clear business objective defined in its memorandum of association (MOA). This ensures the company’s activities align with legal and regulatory standards in Bangladesh.
Legal Documents: Essential documents include a copy of the national ID/passport, proof of address, and the company’s MOA and Articles of Association (AOA). These need to be filed with the Registrar of Joint Stock Companies and Firms (RJSC).
Meeting these eligibility criteria is essential for enterslice.com/bd/company-formation-bangladeshcompany registration in Bangladesh ensuring compliance with the country’s business regulations.