We assist local entrepreneurs and international investors with navigating Bangladesh Bank compliance, corporate documentation, and top-tier commercial bank introductions. Supporting founders from over 50+ countries.
Your information is secure and will only be used to respond to your inquiry.
Opening a corporate account in Bangladesh requires strict adherence to central bank guidelines, local municipality registrations, and corporate records. We act as your specialized intermediary to streamline onboarding.
Traditional banks are the foundation of business operations in Bangladesh. Required for issuing Letters of Credit (LCs), receiving BIDA-approved foreign direct investment (FDI), and fulfilling local tax/VAT obligations.
Pure digital corporate banking (neobanks) does not exist in standalone form under Bangladesh Bank regulations for full commercial operations. However, licensed Mobile Financial Services (MFS) and payment gateways operate as critical supplemental business channels.
| Provider | Non-resident accepted? | Remote onboarding? | Local address/company requirements | Typical timeline |
|---|---|---|---|---|
| BRAC Bank Limited | Yes (subject to BIDA/FDI approval) | No (in-person signatory verification required) | RJSC registered entity, local Trade License, e-TIN, registered office | 2 to 4 weeks |
| Eastern Bank Limited (EBL) | Yes (requires provider confirmation for specific structures) | No (branch visit required for biometric/signature) | RJSC registration, Trade License, local physical commercial address | 2 to 3 weeks |
| The City Bank Limited | Yes (for registered foreign shareholding entities) | No (physical document submission and director identity verification) | RJSC incorporation, e-TIN, BIN/VAT, registered office address | 3 to 4 weeks |
| Standard Chartered Bangladesh | Yes (established non-resident founders and foreign subsidiaries) | Needs confirmation (director verification can occasionally occur via global SCB branch) | Bangladesh subsidiary/branch office, BIDA registration, local registered address | 4 to 8 weeks |
| HSBC Bangladesh | Yes (multinational and foreign investor accounts) | Needs confirmation (international witness/overseas branch verification possible) | Incorporated subsidiary/liaison office, BIDA documentation, strict minimum capital | 4 to 8 weeks |
| bKash Merchant Account | Only via a local registered corporate entity | Yes (digital portal submission, but requires linked local bank account) | Local Trade License, e-TIN, active scheduled commercial bank account | 5 to 10 business days |
Foreign directors incorporating a private limited company in Bangladesh via RJSC.
International businesses setting up a liaison, branch, or project office under BIDA approval.
Resident Bangladeshi entrepreneurs scaling from sole proprietorship to a private limited entity.
Export-oriented businesses (e.g., RMG, software exports) needing specialized foreign currency accounts (ERC/FC accounts).
Founders needing end-to-end guidance to navigate complex central bank currency regulations.
Individuals seeking personal offshore accounts in Bangladesh.
Unregistered businesses without a Trade License or RJSC corporate identity.
Businesses involved in cryptocurrency, unregulated FX trading, or gambling (prohibited by Bangladesh Bank).
Applicants seeking 100% anonymous ownership or bearer-share banking structures.
Founders expecting guaranteed account approval without formal bank compliance review.
You cannot open a corporate bank account in Bangladesh without a registered legal entity, an issued tax identification number (e-TIN), and an updated Trade License from the local City Corporation or Pourashava. If you haven't formed your company yet, our legal team can handle the entire setup.
We evaluate your company type (Private Limited, Branch Office, Liaison Office), review shareholder structures, and confirm that your Trade License and e-TIN comply with banking guidelines.
We prepare your bank application dossier, including certified copies of the MoA, AoA, RJSC Form XII, board resolutions, and inward remittance encashment certificates where required.
We lodge your application with our designated banking partners, track the review through the bank's internal compliance and AML departments, and manage queries.
The nominated director attends the verification appointment (in-person or via authorized international arrangements where approved). Initial deposits are credited, and corporate internet banking credentials are issued.
Foreign entrepreneurs and non-resident directors can hold shares and manage corporate bank accounts for companies registered in Bangladesh. However, the Bangladesh Foreign Exchange Regulation Act imposes specific procedural requirements.
We regularly assist international founders from various global jurisdictions in establishing banking relationships for their Bangladesh subsidiaries and joint ventures.
Singapore, Malaysia, Japan, South Korea, China
United Arab Emirates, Saudi Arabia, Qatar
United States, Canada, Germany, Netherlands
Everything you need to know about opening a corporate business bank account in Bangladesh.
