Around 12,879 new company incorporation in Bangladesh in the recently concluded budget year, demonstrating economic optimism in the country’s economy despite the protracted coronavirus pandemic.

According to information from the Ministry of the Registrar of Joint Stock Companies and Firms, this year saw the most new firms registered (RJSC).

However, every public company, every private company, every liaison office or branch of a foreign company, trade organization, society, and partnership firm must obtain name approvals from the RJSC office and register their names.

It is heartening that the number of new businesses registered has increased despite the pandemic. The expansion demonstrates that there are sufficient commercial opportunities in the economy.

From USD 524.5 billion on October 21, 2022, to USD 561.2 billion as of December 2, 2022, it has increased, representing over nine months’ worth of anticipated imports for 2022–2031.

OPC refers to a business entity established with just one member, as opposed to the conventional need of two members for private businesses. The law was adopted by the legislature in November 2020.

There are 272,598 firms in Bangladesh that have registered with the RJSC office. There are 3,631 public limited companies. Among them, as well as 197,564 private limited companies, 1,013 liaison offices of foreign corporations, 53,600 partnership firms, 1,159 trade organizations, and 15,507 societies.

Overview of The Segment

Private limited liability corporations, or private limited companies, make up the bulk of registered business entities in Bangladesh. The shareholders of a private limited company in Bangladesh are solely accountable for the share capital. They have put in that company, which is a separate legal entity.

In accordance with the Companies Act of 1994, any adult (foreign or native) may register a business in Bangladesh.

You must present your organization to people who reside in other countries if you want to run a worldwide business. To determine which nation is the best choice for expansion and how to introduce oneself, you must perform extensive research.

It makes sense that you would want to attempt another country after successfully expanding to and establishing yourself in another, and then another, and yet another. Global corporations got their start in this way, and today they operate in a huge variety of nations.

The Influence of COVID-19 on Company Incorporation

Lockdowns brought on by Covid appear to have had no effect on company registration. In comparison to 2019, there was an increase of about 10% in the number of businesses registered in 2020.

Additionally, compared to 2019, 85% fewer businesses closed in the year. The number of active businesses increased by 234% throughout this time as well.

There will be immediate and long-term effects on the global economy from these shifts. One excellent illustration of that in the US is company incorporation.

By October 2020, there has been a 38.5% rise in business applications compared to the same period in 2019.

Between now and 2027, a once-in-a-lifetime wave of capital expenditure on physical assets will generate significant near-term growth. This infusion of nearly $130 trillion in capital will go into initiatives to renew and switch to renewables crucial infrastructure.

5 Benefits of Company Incorporation

The particular way your firm is set up will determine the legal form of your organization and the advantages you stand to gain from it.

The choice to incorporate your firm is typically made when the advantages surpass the minimal costs and administrative challenges involved in establishing and maintaining the organization.

  1. Members’ obligations to pay only reach to the scope of their unpaid liabilities.
  2. Shares are easily transferred from one person to another since they are regarded as being on scale with movable property. This feature offers stockholders liquidity.
  3. Experts in the field may be appointed to each position in the organization because management and ownership are separate. As a result, accountability is increased.
  4. The owners of corporations often have limited liability protection and are not typically held personally liable for the debts of the firm, which is one of its key advantages.
  5. The ability of firms to deduct expenses like health insurance costs, self-employment tax savings, and life insurance is another perk of incorporation.
  6. Including strengthens credibility and might enable you to connect with prospective new partners and clients.


1. What is a company incorporation service?

A company refers to a grouping of people who are doing business together and have similar goals and objectives under a shared company name with corresponding liabilities. It is a legal person who has rights apart from the company’s members.

2. What are the four different ways to incorporate a business?

The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures.

3. Will a business formation agent be necessary?

A company formations team can speed up your application, save you time and money, and provide you with extra services like assistance with opening a bank account, registered office and service address facilities, business telephone services, and VAT registration.

To Summarize

Do you want company incorporation in Bangladesh? Fill out the following form to get in touch with OutsourcingBD. With the assistance of our advisers, you can establish a business in Bangladesh.