Representative Office, Branch, or Liaison Office Set-Up Service in Bangladesh

As a 360-degree corporate service provider, we provide a complete solution for the setup requirements of your liaison office, branch, subsidiary or representative office in Bangladesh.

Setting up an agent or contact office in Bangladesh requires a few stages to be finished at a few specialists’ workplaces. We are a group of office arrangement specialists who can help you in the absolute strategy.

The name of the Bangladeshi Representative or Branch or Liaison Office should compare to the name of the Foreign Headquarter Company. There are some obligatory prerequisites that should be determined to open a Representative Office in Bangladesh.

A Representative or Branch or Liaison Office is an appropriate lawful substance once when enrolled with the BIDA in Bangladesh is considered as an expansion of the unfamiliar organization and not as a different lawful element.

Representative-Office,-Branch,-or-Liaison

Why Come Into Contact With Our Representative Office/Branch/Liaison Office Services

Delegate Office/Branch Office/Liaison Office is an area other than the primary office where the business is directed. Most branch workplaces incorporate more modest divisions of various parts of the organization like promoting, bookkeeping, HR, etc.

REIT Ltd Resources can assist you with setting up your Representative office in Dhaka. As the workplace arrangement specialists, we will finish the entire methodology properly in consistence with the standards and guidelines of the concerned specialists.

Registration With RJSC for Branch Office Setup

After getting approval from both Bangladesh Bank and BIDA, registration with the Registrar of Joint Stock Companies and Firm (RJSC) is required. The following documents will be needed:

  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.

Getting Approval From BIDA and Banking Formalities

Records should be submitted to BIDA genuinely or through the site of the association. In the wake of going through appropriate examination, everything being equal, the authorities of BIDA will put the application and reports to the Inter-Ministerial Committee.

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.

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.

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.

  1. 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.
  2. If any document is not in English that must be translated into English before submission.
  3. 4 copies of all the documents must be submitted to BIDA.
  4. 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.

General Requirements for Setting Up Branch Office in Bangladesh

  1. The application must be done in the prescribed form signed by the authorized person for establishment of branch/liaison/ representative office – 4 copies.
  2. Memorandum and Articles of Association & Certificate of Incorporation of the parent company
  3. Name & nationality of the directors/promoters of the principal company.
  4. Audited Accounts of the last financial year of the parent company need to be submitted.
  5. Resolution of the Company’s board of directors regarding the opening of an office in Bangladesh.
  6. Proposed organogram of the office screening the posts to be occupied by both expatriates and local personnel.
  7. Details of duties and responsibilities need to be performed through the proposed branch/liaison/representative office in Bangladesh.
  8. Forwarding Letter needs to be submitted