Q1: Minimum capital requirement?
No minimum capital is required; fees depend on authorized capital.
Q2: Who can register?
Only Bangladeshi citizens aged 18+ with sound minds.
Q3: Registration timeline?
10-20 working days depending on document completeness.
Q4: Role of nominee director?
Ensures business continuity in case of owner incapacity.
Q5: Annual compliance requirements?
File annual returns, audited statements, board meetings, and tax filings.
Q6: Can an OPC convert to a private limited?
Yes, it is mandatory if paid-up capital > BDT 50 lakh or turnover > BDT 2 crore.
Q7: Can a home address be a registered office?
Yes, with ownership or landlord NOC.
Q8: Suitable businesses?
Consulting, e-commerce, IT startups, creative services, trading, and small manufacturing.
Q9: Adding a partner later?
Requires conversion to private limited company.
Q10: Is an audit mandatory?
Yes, audited accounts are required; relaxations may apply for small turnovers.
Q11: Can a nominee director change?
Yes, by filing appropriate forms with RJSC.