A strategic approach to expansion in Bangladesh
Our comprehensive, end-to-end solutions assist you to quickly establish a legal entity in Bangladesh. By adopting a strategic approach, we enable clients to retain the same quality of legal compliance as their own in-country companies or subsidiaries. Our integrated solutions help our clients to successfully navigate their company incorporation, bank account setup and other registrations.
As a trusted company incorporation partner to our clients, ACE Advisory enables international businesses to establish local entities quickly, reliably, and compliantly in Bangladesh.
Helping you incorporate an entity in Bangladesh
ACE Advisory’s team of company specialists can assist global businesses to quickly and cost-effectively incorporate a company in Bangladesh. Our pre-incorporation PEO solution also allows you to hire team members overseas whilst waiting for your entity to be established.
Pre-Incorporation with PEO
Our PEO services let you begin operating in Bangladesh immediately, while waiting for your entity to be incorporated.
Bank Account Opening Assistance in Bangladesh
We have established working relationships and partnerships with the major international and local banks in Bangladesh and our experts can guide you through the complex KYC and documentation requirements.
Pre-Incorporation Advisory Services
Our team of professionals can help you decide what form of a local entity is best suited to your needs and we are here to explain all options to you while highlighting associated risks. Additionally, we regularly advise international investors on the optimum corporate structure for their company set up in Bangladesh.
Mandatory Registrations in Bangladesh
We are able to advise and assist clients in obtaining all other mandatory registrations that an entity requires to operate in Bangladesh.
Company Incorporation in Bangladesh
Our team of in-country experts work alongside local governments to handle the bulk of the incorporation process in Bangladesh. This saves you valuable time and money.
Complete Corporate Compliance
We specialize in providing full outsourced compliance services to ensure your local entity remains complaint.
The different entity options available in Bangladesh are:
Sole Proprietorship
A sole proprietorship business in Bangladesh can be started and conducted using only a trade license and does not constitute a separate legal entity therefore it is not distinct from the owner/proprietor. A sole proprietorship does not provide limited liability protection and owner’s personal assets are not protected from business risks.
Partnership Firm
A partnership is a business structure where two or more partners start an entity to do business together. A partnership firm is formed under the Partnership Act, 1932. A partnership firm does not provide limited liability protection and partner’s personal assets are not protected from business risks.
Limited Company
- Private Limited Company – This is the most preferred form of business entity. There is no minimum paid up capital required but there needs to be a minimum of 2 shareholders and 2 directors. Bangladesh laws allow 100% foreign ownership (except for reserved industries) and there is no requirement for local directors.
- Public Limited Company – This is usually used for a larger set up with view of potential public listing in the future. The requirements are similar to that of a private limited company with the exception of a minimum of 7 shareholders and 3 directors of any nationality.
Local Office of Foreign Entity
There are three options, Branch Office, Representative Office or Liaison Office in Bangladesh. There is minimal distinction between the three options with the primary difference being that a Branch Office is allowed to obtain waiver for restrictions on local commercial operations while the other two are restricted from such activities.
Type of Investor
Trusted by Many!
"ACE Advisory as a company and its founders are proficient in their work and overall approach. We have had a good relationship with them so far for our consultancy work, accounting services, tax filings, compliances. The most important aspect of the company being they go beyond the written word in the scope by supporting their clients/partners in their emergencies too."
"ACE Advisory was instrumental in establishing our back-office operations in Bangladesh and they continue to provide quality and efficient outsourced finance, accounting, payroll and tax services to us. Their insights helped us rollout a SAP localization in under 3 months and they assume a high level of responsibility for client work, compliance, and filings."
"Critical issues surrounding our entity setup in Bangladesh was resolved smoothly and quickly by ACE Advisory. We have since engaged them for complete back office outsourced services and find their service and support to be professional and of the highest quality at all times. Management does not hesitate to provide services beyond the written scope of work."
"The advice and support provided by ACE has significantly contributed to establishing our business in Bangladesh. We experienced them as proactive and professional business and tax advisors helping us to structure our operations in an efficient manner."
"ACE Advisory’s PEO (PEO is the technical term we use for outsourced employee services where we hire on your behalf) and HR services enabled the rollout of our Bangladesh operations in under a month. Since then and over the last 4 years, ACE Advisory has proven a trusted local partner providing the unparalleled fiduciary services."
"ACE advisory has helped us considerably with the local accounting and financial compliance in Bangladesh. We are pleased with their support on different challenges we faced and with their quality of work."
"ACE Advisory is a reliable consulting firm, and we highly recommend it. ACE Advisory provides professional service at a reasonable fee, and I do appreciate their quick and flexible response to my detailed questions, it enables me to satisfy the requirements of our head office in Japan."
"ACE Advisory is our go to firm for tax advisory work for mutual clients. The partners are highly attuned to the needs of MNCs and foreign investors and are very good at providing quick and reliable advice."
"ACE advisory's quality of service has been remarkable. We sincerely appreciate the level of detail and accountability ACE demonstrated in our engagement"
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© 2024 ACE Advisory. All Rights Reserved.
© 2024 ACE Advisory. All Rights Reserved.