The university was founded by Muhiuddin Khan Alamgir, former Home Minister and Bangladesh Awami League politician.
It has been accredited by the Government of the People's Republic of Bangladesh, curricula and academic while its programs have been approved by the University Grants Commission (UGC).
It was established under the Private University Act 2010 with the approval of the Government of Bangladesh on 14 March 2012 for awarding degrees in various fields.
The President of the People's Republic of Bangladesh is the chancellor and Professor Eng.
Alim Dad is the Vice-Chancellor of European University of Bangladesh.