A Complete Liaison Office Setup Service In Bangladesh

We need to representative and liaison office know at first if we are going to open a representative branch. Accordingly, a liaison office is deliberate as a country office of a foreign entity. Usually branch office is also confined to started any business activity in Bangladesh and cannot have any income in Bangladesh. And liaison means office also known as representative office can have started only liaison activitiesas a channel of communication between head office abroad and parties in Bangladesh also it is not allowed to started any business activity in Bangladesh and cannot have any income in Bangladesh.

So foreign investors who are intending to assume responsibility restricted supervisory, monitoring and marketing actions may open up a liaison or liaison office in Bangladesh without registering a limited company under Bangladeshi laws. If how to open a liaison representative and liaison office the procedure of getting then permission from Bangladesh Investment Development Authority. Then all the procedures have to be follow:

liaison office

Top 4 Liaison & Representative and Branch Services :

  • 1. Formation of a foreign liaison company in Bangladesh.

  • 2. Incorporation foreign company office in Bangladesh.

  • 3. Setting up branch office and also liaison office in Bangladesh.

  • 4. Setting up a foreign company for business in Bangladesh.

Key Facts About Branch Office in Bangladesh

  • 1. A branch office of foreign company can engage in commercial actions with previously approval of Bangladesh Investment Development Authority.

  • 2. Although a branch office has local source of income from the approv field of business activities.

Documents Require for Open a Liaison and Representative Branch Office Approval

1. Memorandum and Articles of Association and  also Certificate of Incorporation of the parent company.

2. Name and also nationality of the promoters of the main company.

3. Application in formal form sign by the authorize person for establishment of branch and also liaison office – 4 copies.

4. In addition company’s board of director’s resolution pertaining opening of office in Bangladesh.

5. Details of demonstrator to be accomplish through the propose branch and also representative office in Bangladesh.

6. Audit Accounts of last financial year of the principal company.

7. Company’s board of director’s resolution regarding opening of office in Bangladesh.

8. Details of activities to be performed through the propose branch and also liaison office in Bangladesh.

Government Fees:

A fee of twenty-five thousand is necessary to be give through bank pay order and at the same time original copy of the pay order have to be Present to the Bangladesh Investment Development Authority.

FAQs For Liasion Office Bangladesh

The Insurance Regulatory and also Development Authority must approve foreign insurance companies’ establishment of Liaison Offices in Bangladesh. Accordingly, the Department of Banking Operations and Development of the Reserve Bank of Bangladesh must approve the establishment of foreign banks’ Liaison Offices in Bangladesh as well as.

Basically a branch office may be set up with the permission of the Reserve Bank of Bangladesh. But the Reserve Bank of Bangladesh scrutinizes the application by considering the track record of the applicant. At this point existing trade relations with Bangladesh, the activities of the company proposing to set up office in Bangladesh, and  also the financial position of the company.

These activities may be perform by branch offices representing their parent / group companies in Bangladesh:
1. Goods exports and also imports.
2. Expertise or consulting services.
3. The company carries out research in areas of interest to the parent company by the time.
4. Establishing technical and financial collaborations between Bangladesh-base companies and their overseas parent company by the time.
5. Representing the parent company in Bangladesh and also acting as an agent for buying and selling.
6. Providing information technology and in addition software development services in Bangladesh.
7. Supporting the product suppler by the parent companies.
8. A foreign airline or shipping company.
9. In general, the Branch Office should engage in the same activity as the parent company.

Project Offices in Bangladesh can open non-interest bearing Foreign Currency Accounts with AD Category – I banks provided that:
1. A Project Office have been establish in Bangladesh, with the approval of the Reserve Bank and the concern Project Sanctioning Authority.
2. A foreign currency payment provision is include in the contract after that sanction the project.
3. Project Offices can open up to two Foreign Currency Accounts, usually one in USD and the another in home currency, 4. provide they are both maintain with the same AD category-I bank.
5. Debits to the account are permit for payment of project relate expenses, and at this time credits are allowed for foreign currency receipts from the Project Sanctioning Authority and remittances from parent/group company abroad or international financing agencies.
6. It is the responsibility of the branch concern of the AD to ensure after that only the authorize debits and credits are permit in the Foreign Currency Account. Further, all Accounts will be entirely scrutinize by the respective AD bank’s concurrent auditor.
7. As soon as the Project is completed, the Foreign Currency accounts have to be closed.

The following in general conditions apply to liaison project offices of foreign entities in Bangladesh:
1. No one who is a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran, China, Hong Kong or Macau can establish in Bangladesh a Branch, a Liaison Office, a Project Office or any another type of business without prior permission from the Reserve Bank.

2. Companies establish abroad are not allow to establish Liaison /Project Offices in Bangladesh.

3. Liaison offices of foreign entities, except for branch/project offices, may acquire properties for their own use and for permissible/incidental business activities but may not lease or rent out these properties.

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