Bangladesh - Apply for Partnership Firms Registration

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Procedure

Apply In Person:

1. To Apply for Partnership Firms Registration, the applicant has to approach the Bangladesh Office of the Registrar of Joint Stock Companies and Firms link
2. An application form will be provided to the applicant by the concerned officer or it can be downloaded from the following link
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach photocopies of the required documents along with the application form while submitting it.
6. Submit all the documents with the completed form to the concerned officer.
7. The fee for this procedure has to be paid as per the authority’s request.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. Once the process gets completed, the applicant gets a call from the office regarding the application.
12. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

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Required Documents

• Application form link
• Partnership agreement duly notarized
• Percentage of the share of profit of each partner.
• Partnership Deed
• Any other documents (if required)

Office Locations & Contacts

Office of the Registrar of Joint Stock Companies and Firms
Head Office
TCB Bhaban (6th Floor),
1 Kawran Bazar, Dhaka - 1215.
Tel: PABX no. +88 02 55013776
Fax: +88 02 8189402,
Email: [email protected]

Chittagong Office
CDA Annex building (5th floor),Kotowali,
Chittagong.
Tel: +88 03 1636225
Fax: +88 03 1630030,
Email: [email protected]

Khulna Office
Tribune Tower, 2B, KDA Avenue, Khulna
Tel: +88 041 720217
Fax: +88 02 8189402,
Email: [email protected]

Rajshahi Office
Sadharan Bima Bhaban, (8th floor), Kazihata,
G.P.O-6000, Rajshahi.
Tel: +88 02588853396
Fax: +88 0721771298,
Email: [email protected]
Contact details link

Eligibility

• Any person who intends to Apply for Partnership Firms Registration is eligible to make this application.

Fees

• Registration fee: BDT. 1000.00
• Registration Filing Fee: BDT 400.00
• For issuance of digital certificate = BDT 00.00

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

• Application form link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name of the firm
• Date of Establishment of the firm
• Duration of the firm
• Principal place of business
• District Bangladesh
• Names of the place (s) of business if any
• Particulars of business, carried on
• The date when each partner joined the firm
• Particulars of partners (Must tally with these in the deed of partnership, if any
• Particulars of minors, if any, admitted to the profit of partnership

Need for the Document

• A partnership is a type of business structure where two or more partners start an entity to do business. For a partnership to exist, there must always be two or more partners.

Information which might help

A Partnership is defined by the Partnership Act, 1932, (the “Partnership Act”) as ‘the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all’. This definition gives three minimum requirements to constitute a partnership:

• There must be an agreement entered into orally or in writing by the persons who desire to form a partnership,
• The object of the agreement must be to share the profits of business intended to be carried on by the partnership, and
• The business must be carried on by all the partners or by any of them acting for all of them. The term ‘person’ is not defined by the partnership act.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• Link
  

Others

LIABILITY

• A partnership is considered as a separate legal identity (i.e. separate from its owners) in Bangladesh only if the partnership is registered.
• All the partners of a partnership are liable severally and jointly for the liability of the partnership.
• The concept of Limited Liability Partnership does not exist in Bangladesh.

TAXATION

• From a tax perspective, partnerships in Bangladesh are not taxed at the entity level and profits are treated as part of each partners’ personal income and are taxed at personal income tax rates.

MEMBERS & MANAGEMENT

• There must be a minimum of 2 partners and maximum of 20 partners.
• The partners can be natural persons or companies.
• Unlike private or public limited companies, a partnership in Bangladesh does not have directors, shareholder or secretary, instead the partners own and run the business.