One or more foreign entrepreneur can set up a Joint Venture Company in Bangladesh with collaborating of one or more Bangladesh entrepreneur. The Register of Joint Stock Companies & Firms (RJSC) is the only authority to register Joint Venture Company in Bangladesh.

To set up Joint Venture Company in Bangladesh at first needs to collect proposed company’s name clearance certificate from RJSC. After collecting Name Clearance Certificate need to prepare Memorandum of Association and Articles of Association for the proposed company. A Joint Venture Agreement should prepare for the proposed company.

A probationary bank account should open to any commercial bank in Bangladesh by submitting Name Clearance Certificate, signed Memorandum of Association and Articles of Association along with a board resolution’ As inward remittance an amount of foreign exchange equivalent to portion of paid up capital or more must be brought in Bangladesh for foreign director(s) after getting Name Clearance Certificate to register the company with RJSC. To know more about RJSC activities.

Steps of set up a Joint Venture Company in Bangladesh

Following Steps should follow for registering Joint Venture Company in Bangladesh with RJSC:

• Submit Memorandum of Association and Articles of Association by online.
• Submit scan pages of Subscribers details and Form IX with duly signed.
• Provide Joint Venture Agreement to RJSC for the proposed company.
• Provide Encashment Certificate to RJSC for the proposed company.
• Pay registration fees to schedule commercial bank for the proposed company.

After reviewing all the documents if RJSC satisfied then issue Incorporation Certificate for the proposed company.

Post Registration tasks after getting Incorporation Certificate of newly registered Joint Venture Company in Bangladesh:

• Collect Trade License
• TIN Certificate for the newly registered Joint Venture Company
• Regularize Bank Account for the newly registered Joint Venture Company
• VAT Certificate
• Import Registration Certificate (In case of Import Business)
• Export Registration Certificate (In case of Export Business)