Strategic Representative & Liaison Office Setup Services in Bangladesh
As a premier 360-degree corporate service provider, Outsourcing BD delivers end-to-end solutions for foreign entities seeking to establish a Liaison, Branch, or Representative Office in Bangladesh. Navigating the multifaceted regulatory landscape requires precision and local expertise. Our dedicated team of office establishment specialists streamlines every stage of the process, ensuring your entry into the Bangladeshi market is seamless, compliant, and efficient.
A Branch or Liaison Office in Bangladesh serves as a legal extension of the foreign parent company. Once registered with the Bangladesh Investment Development Authority (BIDA), it operates under the specific mandate of the head office.
- Naming Convention: The office name must strictly correspond with the Foreign Headquarter Company’s legal name.
- Legal Identity: While considered an extension and not a separate legal entity, it must strictly adhere to the BIDA guidelines and the parent company’s Memorandum and Articles of Association (MoA & AoA).
Why Come Into Contact With Our Representative Office/Branch/Liaison Office Services?
Essential Documentation for Legal Branch Office Incorporation
To ensure a seamless registration with the Registrar of Joint Stock Companies and Firms (RJSC) following BIDA and Bangladesh Bank approvals, the following documents must be prepared. Outsourcing BD provides full assistance in verifying and organizing these records to meet all regulatory standards.
The 8 Mandatory Documents for Setup:
We Ensure Your Legal Entity Successfully & Affordably
Records should be submitted to BIDA genuinely or through the site of the association. BIDA will put the application and reports to the Inter-Ministerial Committee.
Generally, the authority gives endorsement to open a delegate or branch or contact office at first for a time of 3 (three) a long time which can be broadened later.
The Committee will at that point survey the archives and may request more records or an actual presence. In the event that the panel is happy with every one of the introduced reports, they will give the endorsement. The Inter-Ministerial Committee for the most part sits double each month; the standard timetable is one month or less per regulation.
After gaining the endorsement for opening a Representative or Liaison Branch office, a ledger should be opened in any planned bank in Bangladesh. An measure of unfamiliar trade that is comparable to US$ at least 50,000 should be acquired as internal settlement in Bangladesh inside 02(two) months from the date of issuance of the BIDA consent letter.
- All documents (items 2-5) must be certified by the relevant Bangladesh mission of the relevant country in Bangladesh/the respective country’s Apex Chamber of Commerce/local Chamber of Commerce.
- If any document is not in English that must be translated into English before submission.
- 4 copies of all the documents must be submitted to BIDA.
- BIDA may request more documents after reviewing the above documents.
To open a branch/liaison/representative office a fee of BDT 25.000 (Twenty five thousand) is required to be paid via bank Pay Order. Then the original copy of the Pay Order needs to be submitted to the BIDA.
Strategic Requirements for Branch Office Setup in Bangladesh
To ensure a successful application with BIDA, the parent company must provide the following documentation. Outsourcing BD ensures that every document is meticulously reviewed for compliance before submission to avoid any delays or rejections.
Checklist of General Requirements:
- Prescribed Application Form: Four (4) complete sets of the official BIDA application form, duly signed by the authorized signatory.
- Corporate Charter: Authenticated copies of the Memorandum and Articles of Association (MoA & AoA) and the Certificate of Incorporation of the parent company.
- Global Leadership Profile: A detailed list including the names and nationalities of all Directors and Promoters of the principal foreign company.
- Financial Transparency: Certified Audited Financial Statements from the most recent financial year.
- Board Resolution: A formal resolution passed by the parent company’s Board of Directors authorizing the establishment of a physical office in Bangladesh.
- Proposed Organizational Structure: A comprehensive Organogram detailing the hierarchy and specifically identifying positions to be held by both expatriate and local personnel.
- Scope of Operations: A detailed descriptive brief outlining the specific duties, activities, and responsibilities to be undertaken by the proposed office.
- Official Forwarding Letter: A formal cover letter (Forwarding Letter) summarizing the intent and detailing the enclosed documentation.
