Liaison Office Setup Service in Bangladesh

Remote companies arranging to set up their trade operations in Bangladesh have to begin a liaison office. It isn’t permitted to embrace any trade or winning action in Bangladesh and cannot win any wage in Bangladesh. Costs of a liaison office ought to be met completely through the remote trade from your Head Office exterior Bangladesh.

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A Liaison Office Can Do the Following:

  • Representing the parent company/group of companies in Bangladesh 
  • Promoting export/import from/to Bangladesh
  • Promoting technical/financial collaborations between parent/group companies and companies in Bangladesh
  • Acting as a communication channel between the parent company and Bangladesh companies

Setting Up Liaison or Branch Office as Local Representative

Endorsement of Bangladesh Speculation Advancement Specialist (BIDA) is the essential necessity for setting up a Department or liaison office in Bangladesh. A liaison office must take an endorsement from the Bangladesh Venture Advancement Specialist (BIDA) for the foundation of the Bangladesh liaison office. 

A Department or liaison office may be a legitimate lawful substance once enlisted with the BIDA in Bangladesh. It is considered an expansion of the outside company and not as a partitioned lawful substance. 

Not at all like a Bangladeshi auxiliary company, the parent company of a Department or liaison office is certainly at risk for all the obligations and liabilities of the Department or liaison office. Usually, consent is given to the opening of a department or liaison office at first for a term of 3 ( three) a long time, which can be expanded afterward. Records Required for liaison office Setup are as takes after:

A Liaison Office, Branch Office & Subsidiary Company

Branch Office or Liaison Office or Subsidiary Office will get to report to Bangladesh Bank within 30 (thirty) days of getting consent from Bangladesh Speculation Advancement Specialist. We’ll 

upgrade this segment once Bangladesh Bank distributes any notice in this regard.

How to Set Up a Branch or Liaison Office in Bangladesh

After obtaining approval from both Bangladesh Bank and BIDA, registration with the RJSC is required. The following documents will be required for this purpose:

  1. Approval letter of BIDA.
  2. Approval letter of Bangladesh Bank.
  3. Certified copy of the memorandum and articles of the company or other constitutional documents.
  4. The full address of the registered or principal office of the company.
  5. A list of the directors and secretary, if any, of the company.
  6. The name and address or the names and addresses of one or more persons resident in Bangladesh, authorized to accept on behalf of the company service of process and any notice or other document required to be served on the company.
  7. The full address of the office of the company in Ballades which to be deemed its principal place of business in Bangladesh.
  8. And few other documents

If you need professional assistance with the representative office or branch office or liaison office or with foreign investment, please contact us now.