How To Check Company Registration In Bangladesh

Congratulations if you have made up your mind to invest in Bangladeshi companies. The country offers a large marketplace, a skilled workforce, and healthy export relationships. However, it’s important to invest in a registered company.

Registered companies in Bangladesh experience several advantages and are more reliable. If you don’t know how to verify company registration, don’t worry. This article will help you with proper guidance, as well you will receive complete support from Law Advisor BD for your next investment.

Get an Appointment Today!

Please enable JavaScript in your browser to complete this form.
Name

What Is Company Registration in Bangladesh?

how to check company registration in bangladesh

Company registration is a legal process to get government recognition for a business. This establishes the company as a separate entity from its owners, which protects personal assets and grants legal rights. To be eligible for registration, a company needs to meet the following requirements:

  • Minimum paid-up capital that ensures investors of the company’s stability.
  • A minimum of 2 and a maximum of 50 shareholders
  • Each director must be at least 18 years old

A unique name for the business to ensure brand distinction and reduce market confusion, etc.

Steps to Check Bangladesh Company Registration

how to check company registration in bangladesh

Registrar of Joint Stock Companies and Firms is responsible for the company registration in Bangladesh. You can check RJSC registration online for free. Here is how to do it:

  • Step 1: Visit the RJSC website https://app.roc.gov.bd/psp/nc_search. From this page, you can use company information to see if the company is registered.
  • Step 2: You can use the company name entity to check RJSC company registration online.
  • Step 3: Now, click on the “Submit” button to begin the query
  • Step 4: If the company is already registered, then company information will appear.

Why You Should Invest in a Bangladeshi Registered Company

how to check company registration in bangladesh
  1. Limited liability

A registered company is legally a separate entity, according to the Companies Act 1994. It means that as an investor, your personal assets are protected.

You are only liable for the amount you have invested in the company.  This protects your personal wealth that is not related to the business so that you can invest with confidence.

  1. Legal recognition

Registered companies operate under Bangladesh government laws and regulations. For investors, this provides added security by ensuring the company is legitimate and accountable.

Registered public companies often have to publicly share documents, such as financial statements, annual reports, and ownership details. You can access and assess these records to make an informed investment.

  1. Business bank account

Being a separate entity, registered companies can have business accounts under their business name. This keeps the company’s finances separate from personal accounts.

You can track how funds are managed and spent with transparency. It also shows the company is more organized and less prone to financial scams or fraud.

  1. Tax advantage

Investing in registered companies in certain industries offers corporate income tax exemption. This promises a higher return on investment while maintaining legal compliance.

Registered Company Documents in Bangladesh

how to check company registration in bangladesh

While the RJSC company search is a helpful method to check registered company lists in Bangladesh, you should also look for additional documents. Before making any deal, verify the company has the following documents:

1.     Certificate of Incorporation

Certificate of Incorporation: It’s a legal document issued by the Registrar of Joint Stock Companies and Firms. The document serves as proof that a company is officially registered and recognized as a legal entity.

You must ask the company about such documents before investing in them. However, the certificate of incorporation is not required for sole proprietorships or informal businesses.

2.     VAT Registration Certificate

The National Board of Revenue issues the VAT registration certificate. It ensures that the business you invest in complies with Bangladesh’s tax regulations. You will stay safe from potential legal and financial risks.

3.     Trade License

Trade License: A trade license is an official document issued by local municipal authorities in Bangladesh.

This is official permission to operate a business in the country, which ensures the business complies with local regulations. Trade licenses are mostly required for all sorts of businesses, including sole proprietorships.

4.     TIN Certificate

TIN: It stands for a taxpayer identification number, which is issued by the NBR. Registered businesses are given a unique number for tax purposes.

While TIN alone does not ensure a company is registered, it indicates that the business complies with tax regulations, which is an important step toward operating legally and transparently.

Contact Law Advisor BD for Help with Company Registration Verification

Finding a registered company that meets your requirements and budget is often more complicated than it may appear. You can contact us, Law Advisor BD, for assistance.

With experienced advisors, we can help with checking registration as well as with other corporate matters. We are committed to achieving client satisfaction by addressing your needs, concerns, and objectives with utmost empathy.

Final Words

Registered companies in Bangladesh offer more reliability and credibility. You can invest with confidence without worrying about legal issues. It’s possible to check business registration status through necessary documents or online. If you need any help to find the right company and avoid scams, reach out to us, Law Advisor BD. With experienced and expert lawyers, we ensure you are not falling for any traps or scams.

FAQs

You may need to check multiple documents to ensure that a company is legally registered. It includes an incorporation certificate, trade license, TIN certificate, and name clearance certificate. You can also check RJSC company registration in Bangladesh online for free through the official website.

Check the official website of the RJSC Bangladesh. Use information mentioned on the certificate, such as the business name, to check if the company’s details are available on the website. For further assurance, you can also directly contact RJSC to ensure the validity of the certificate.

When checking a company’s registration on the RJSC website, you will find information like the company name, registration number, and type of company.

Investing in an unregistered business itself does not impose a penalty. However, such companies can have legal issues, such as a lack of credibility and potential disputes over ownership. They may not even be eligible to run in the country due to the violation of laws, which may lead to fines and penalties. Therefore, it’s safe to invest in a registered company.

Open chat
Welcome to Law Advisor BD
How can we help you?