Joint ventures in which the foreign partner provides the foreign exchange capital, equipment, technology, and expertise are particularly welcome. One hundred percent foreign ownership is permitted. According to the policy, no permission of the government is required to set up a joint venture project. Aside from completing its two-page registration application, the BOI does not require any additional documentation. Joint ventures with public sector corporations are also allowed, although clear policies and regulations do not always exist.
Foreign investors establishing enterprises in Bangladesh normally form corporations.
Companies of either type may be limited or unlimited. The liability of the shareholders of a limited company is restricted to the amount of share capital subscribed by them or held in their name. The liability of the shareholders of an unlimited company is not as restricted. A private company requires a minimum of two shareholders, and its total number of shareholders may not exceed fifty. Any foreign firm incorporated outside of Bangladesh must be registered in Bangladesh in order to carry out business.