Liaison Branch 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 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.

Investment

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:

The name of the Liaison Office

Structure of the corporation

Memorandum and Articles of Association

Agreement and Articles of Association.

Expenses by the parent company abroad.

USD 50,000 (+)  inward remittances

Your Business licenses

Registration with RJSC

Corporate TAX and VAT

Proposed Shareholders Organogram

Forwarding Letter

Local Compliance

Liaison Branch Office

A Liaison or 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.

branch office

How to Set Up in Bangladesh

Registration with the RJSC is essential after receiving approval from both Bangladesh Bank and BIDA. For this reason, the following documents will be required:

  1. BIDA’s approval letter.
  2. Bangladesh Bank’s approval letter.
  3. A certified copy of the company’s memorandum and articles of incorporation, or other legal documents.
  4. The entire address of the company’s registered or principal office.
  5. A list of the company’s directors and secretaries, if any.
  6. The name and address of one or more people residing in Bangladesh who are authorized to accept service of process and any notice or other document necessary to be served on the firm on behalf of the company.
  7. The entire address of the company’s office in Ballades, which will be considered the company’s major place of business in Bangladesh.
  8. Some 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.