Proprietorship Business Registration in Bangladesh

Proprietorship Company Registration in Bangladesh

In Bangladesh it is very straightforward to start a proprietorship business. A sole proprietorship also referred to as a sole trader or a proprietorship, is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.

Note: This option is not open for foreign investors looking to start business in Dhaka or Bangladesh.

The procedure for starting a  proprietorship business is outlined below:

1. Choose a Name for the business in Bangladesh

2. Rent a commercial space for starting the business

3. Fill out the trade license application form from your local government/city corporation/union etc.

4. Apply and obtain a trade license

5. Apply for e-tin certificate

6. Open a Bank Account in the name of the business

That's it! You are all set to start your new business.