The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in almost all of the world's countries. While it was once a complicated corporate endeavor to establish an international business, it is now commonplace with the help of experienced legal and economic advisers.

The advantages of forming a company in a foreign country are as numerous as they are obvious. Many countries offer specific location-based benefits, ranging from natural resources and established infrastructure to favorable laws and regulations that encourage growth in a specific industry. Likewise, it may be difficult to establish a venture or acquisition in one's home country because of disadvantageous situations: political or regulatory environments, lack of resources, and more. In this situation, it is useful to consider an overseas option that offers greater opportunities for growth, development, and success.

Company Registration in Bangladesh
When establishing a company in Bangladesh, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors that will affect the establishment and growth of one's business; failure to do so could result in unintended consequences. Poorly-researched and tone-deaf international launches often end in disaster, as time, money, and energy is lost because of poor planning.


Legal documents
Each country of the world presents its own set of intricate challenges with regard to forming, developing, and sustaining a business. Owners, financiers, and investors must enter into these engagements with the support of a knowledgeable and experienced legal team. Only someone with detailed knowledge of local and international corporate law will be able to set up an overseas business while avoiding the pitfalls that affect many new companies.

Additionally, shrewd businesspeople may consider opportunities to invest in overseas businesses without actually forming their own companies. In these situations, it still benefits the investor to team up with a knowledgeable adviser in global economics and litigation. International investments create a truly diverse portfolio that offers opportunities for growth that were unthinkable just decades ago.

Potential investors, venture capitalists, and entrepreneurs should consider existing infrastructure in Bangladesh when planning the launch of a new business. While substantial infrastructure and systems can help to make the business establishment a smooth process, it could also represent market saturation and diminished potential for growth. On the other hand, a lack of infrastructure often serves as a major hindrance to growth; however, lack of infrastructure indicates a clear market opening for a creative and efficient new business.

Bank Account Opening in Bangladesh
In conjunction with company formation, it will be necessary to open one or more bank accounts in Bangladesh. Confidus Solutions offers the ability to open a bank account in over twenty jurisdictions, making it easy for you to avoid challenging language barriers or bureaucratic hangups.

Virtual Office in Bangladesh
With a registered address being a necessity for international business, Confidus Solutions enables overseas investors to set up a virtual office in Bangladesh. This address will allow international entrepreneurs to accept mail, arrange shipping, and set up a registered bank account in the country of their business.

Tax regulations
If you are in the process of researching company formation in Bangladesh, contact a lawyer or consultant with extensive experience in the area which you are considering. This adviser will be able to assist you with everything from laws and tax structures to local support staff. You will need to consider every aspect from the local office to your highest organization structures; be sure to enlist the best mentors possible as you enter this exciting yet challenging process.

The financial statement is a report developed and published by management to show the company's performance and financials to creditors, banks, partners and investors. It is one of the basic tasks of the entire financial accounting. From this report, investors and creditors can learn all about the company's profitability and fortunes, and become acquainted with other relevant information that may indicate the company's ability to invest or borrow.

Complexity level of annual financial statement
Preparation of financial statement can be straightforward and easy, but at the same time it can be quite challenging for many inexperienced accountants. The complexity level of preparing the financial statement mostly depends on:

For Trading Companies:

Number of transactions throughout the fiscal period;
Number of suppliers and clients of the company;
Complexity and volume of the accounting documents supporting transactions (i.e., agreements, incoming and outgoing invoices, transportation documents, CMRs, export declarations, etc.);
Number of employees;
Volume of fixed assets, loans, interests, taxes and other factors.
For Holding Companies:

Number of subsidiary companies;
Volume of dividends distributed from the subsidiary companies;
Number of employees;
Volume of fixed assets, loans, interests, taxes and other factors.
Confidus Solutions team of qualified bookkeepers and lawyers will consult you regarding complexity level of your accounting.

Prepare annual financial statements
The preparation of financial statements can be both a simple and a complicated task. It all depends on the size of your business and the number of monthly transactions. There are degrees that require footnote information. On the other hand, there are financial statements that are presented without footnotes.

The explanations can have different purposes. For example, your bank will usually be content to see some basic financial numbers to ensure your business is in a position to pay off debt. The financial statements or report are typically prepared by translating account audit balances into a set of templates appropriate to a particular country's accounting laws.

Specific requirements for annual financial statements in different jurisdictions
Today, most financial statements are prepared in full accordance with generally accepted accounting principles (GAAP). However, you should always consider the specific requirements for the chosen jurisdiction. For example:

The fiscal year. In the vast majority of countries (particularly EU member states) the financial year ends on December 31st. Other jurisdictions may have different approaches as the financial year may end in different periods depending on the company's registration date, e.g. B. (in Singapore, UK, Hong Kong and others);
Deadlines for submitting annual reports. Depending on the jurisdiction, the timeframe for filing the annual report can vary from a few months to a year: 3 months in Bulgaria and Singapore; 4 months in Latvia, up to 12 months in Cyprus or up to 8 months in the UK;
requirements for the exam. Note that some countries require each company to submit an audited report (Cyprus, Singapore, Hong Kong, Ireland). In other countries, companies can produce an audited report voluntarily or if they meet certain criteria (read more about audit).

A company in Latvia is a great alternative to offshore companies as numerous changes in regulations and laws have been passed by the Latvian government in recent years. Companies in Latvia attract foreign entrepreneurs and investors who are looking for a sustainable and developing business structure and an opportunity to use multiple tax optimization options for their companies.

While there is an option to start your own business, there is another alternative - you can buy an already existing business. A company that was established some time ago and is currently inactive is known as a shelf or readymade company. Shelf companies are either 'clean', meaning there has never been a transaction in that company since inception, or a company with its own history, meaning it has an operational and financial history.

Advantages of acquiring a shelf company
Clean businesses are usually formed for a single purpose, only to be sold after some time. The key advantage of such a shelf company is that the new owner of the company can be absolutely sure that he has no debts or other liabilities to the previous owners. Meanwhile, companies that have previously operated may have some liabilities, and investors should conduct their own due diligence to ensure they are not buying a shelf company with high levels of debt. Still, even companies with an operational history have their own advantages. For example, a ready-made business with a pre-existing history is more credible and easier to get a loan or even open a bank account. Some manufacturers, as well as governments, prefer to do business with a company that excels in durability.

Compared to an opportunity to start your own business, the shelf company might be the right strategy for the following reasons:

Urgency – Starting a new business requires time and resources. If you want to start trading as quickly as possible, a shelf company allows you to start trading almost immediately after purchasing the shares.
Image and Credibility - Recently registered companies often seem unreliable to do business with. A shelf company that was registered some time ago now helps to create a reliable image.
Compliance with formal requirements - in some cases, a company must be of a certain age in order to acquire certain business projects.
Process of a shelf company acquisition
The process of acquiring a shelf company in Latvia is a relatively straightforward process and is usually taken care of by the service provider you have chosen to purchase a shelf company from. The limited liability company is the most common legal form in Latvia, as its shareholders do not assume any personal liability for the company's debts other than from the invested capital. In general, shelf companies in Latvia are provided with an active registration number, a VAT number, no previous activity and an already registered share capital of EUR 2,800. The latter can vary with different service providers and you should be aware of this before choosing your shelf company.

The acquisition of the Latvian shelf company can be carried out either by arranging a notary appointment or by remote issuance of a power of attorney digitally signed with an electronic signature. As a rule, all documents are created by the service provider and the client only needs copies of the partners’ passports, the residential addresses and the new company name (if desired) and contact details. When all the documents are ready and signed by the service provider, they submit the application to the Trade Register, where it takes up to 5 business days to process all the changes. For an additional fee it is possible to speed up the process to 1 business day. After the commercial register has processed the changes, the service provider forwards all legal documents to the new shareholders and your company can start operations.