Grow Your Business By Setting Up Liaison Branch Office In Bangladesh
Remote companies arranging to set up their trade operations in Bangladesh have to begin a liaison branch office. It isn’t permitted to embrace any trade or winning action and cannot win any wage in Bangladesh. Costs of a liaison branch office ought to be met completely through the remote trade from your Head Office exterior Bangladesh.
A Liaison Branch Office Can Do The Following:
1.Representing the parent company/group of companies
2. Promoting technical/financial collaborations between parent/group companies and companies in Bangladesh
3. Promoting export/import from/to Bangladesh
4. Acting as a communication channel between the parent company and Bangladesh companies
Our Assistance In Stress-free Liaison Branch Office Setup
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 at first for a term of 3 ( three) a long time, which can be expand afterward. Records Required for liaison office Setup are as takes after:
Get 100% Accurate Set Up Documentation Service In Bangladesh
Registration with the RJSC is essential after receiving approval from both Bangladesh Bank and BIDA. For this reason, the following document will be require:
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.
If you need professional assistance with the representative office or branch office or liaison office or with foreign investment, please contact us now.
FAQ
Liaison office has very limited activities through keeping coordination with the local agent, distributors or exporters’ institutions with the Major via personal contact, by means of electronic media or corresponding work.
Liaison office perform
The liaison office collects business information, gather analytical business data, and carry out essential survey related to its ground of activities as mentioned in their letter of approval. The liaison office is not permitted to receive from the local business activities & the entire establishment, operation & employee management price would have to borne by the Parent company.
The Liaison Office of an overseas parent company shall not be regard as a separate and independent body in Bangladesh. Therefore for all tax purposes, the Government of Bangladesh will tax the income of such entities at upper rates.
Generally ,It takes 7 weeks year to establish branch office and total Bangladesh Business Set up costs in year 1 is 1355134.81 TK
All expenses for setting up a Liaison Office and operating it are fundamentally borne by the parent company which is set up abroad.
