Forhad Hossain

Md Forhad Hossain
(BA-Hons, MBA, LL.B, LL.M)
Managing Director

Feel free to contact me for any
service related issue

Forhad Hossain

Customer Service

  • Branch, representative and liaison office

Our service area: Bangladesh branch office open of foreign company;

  • Branch, representative, liaison office set up permission from BOI, BEPZA (free zone area)
  • Work permit and directors visa (PI and E Visa)
  • Income tax and audited Accounts service

Procedure of branch and liaison office open in Bangladesh

  • Forward an application to BOI (Board of Investment) after filling up
  • Collect prescribe form from BOI office or our office
  • Company name shall remain the same as the parent company, no separate name is a need.
  • Let, the parent company name is XYZ LIMITED, here the same name will appear.
  • Name reservation is not required in Bangladesh for the branch office.
  • Be prepare following attested papers from the embassy of Bangladesh and notarized where parent enterprise is located:
  • Incorporation certificate of the parent company
  • MoA and AoA of the main corporation
  • Board meeting resolution from the parent company to set up a liaison office
  • Accounting and audit report of the year of the parent company
  • Provide business activities of the branch office in company letterhead
  • Expected date of starting operation in Bangladesh business to open a branch office
  • Expected initial expenditure information fill up in the prescribed form of BOI
  • Mention in application form source of finance to invest in Bangladesh
  • Power of Attorney of the lawyer or attorney or legal representative
  • An attorney shall responsible to forward all required papers to BOI to open a liaison office
  • Ensure US Dollar 50 thousand (fifty thousand) to remit in company account in Bangladesh
  • Provided that 5 percent additional charge shall be applicable if the said amount is not transferred by 2 (two) months from the date of permission
  • Enclose office rent or lease documents
  • Enclose  foreign manpower list in the letterhead of the company
  • To remember, foreign employment ratio is 1: 5, one foreign is equal to five local employees
  •  

Time Line of Branch Office Approval

  • 30-45 days need from application date
  • As one meeting hold once in month, sometimes 2 meeting holds when more applications are submitted
  • Additional time or second meeting might need if application is rejected for lack of papers
  •  

Fees of opening branch and liaison office

  • Taka 35000/- Chalan to government, Sonali Bank
  • Office expenses of Taka 10000/-
  • Professional Fees might Taka 30000-50000

Post-Registration of branch office

  • Permission is given for 2 years normally
  • Open a bank account in any scheduled bank
  • Remit USD 50000/- as a requirement within maximum of 2 months.
  • Do not forget to apply before three months of the period ending to renew the permission along with requiring papers

Apply for PI and E Visa

  • Employees and investors both can apply for visa
  • Visa is approved for 3-5 years
  • Supporting papers are:-
  • Academic certificate and any experience papers
  • Appointment letter from branch office
  • Passport and photograph
  • New paper advertisement copy
  • Branch office open permission copy
  • Number of employees list
  • Salary as schedule of appointment for foreign staffs
  • Foreign employee is generally appointed as country manager
  • Technical and engineer foreign staffs are tax free for first 3 years.

Advantages of representative and liaison office

  • Tax free
  • Eligible to hire foreign staffs
  • Foreign technical staffs are tax free for first 3 years
  •  

Disadvantages of branch and liaison office

  • USD 50000 has to remit at beginning and renewal
  • Permission is approved for 2 years only
  • Branch office is not permissible to receive or credit any payment from customers
  • Limited of business activities
  • Branch and representative office can not sale service and goods
  •  

Other information of branch and representative office

  • Collect form 18B from the central bank (Bangladesh bank) to withdraw the remit amount.
  • Remittance amount is allowed to use ONLY for carrying on operation purpose in Bangladesh
  • Branch office, liaison or representative all are same rules.
  • No single money can transfer from branch account to any country
  • Additional permission is need from Home Ministry to Bangladesh to open branch office, rep and liaison office
  • Income tax shall be applied on the project base office
  • Provided that all 18 terms and condition have to follow by the branch office, representative and liaison office

Branch office application form

  • Branch office application form in Bangladesh

Contact us: +8801790220728 (Only WhatsApp call and text), Mirpur-1, Dhaka, Bangladesh

Article Reviewed By

Md Forhad Hossain

(BA-Hons, MBA, LL.B, LL.M)

Meet Md. Forhad Hossain – is an expert in company registration with over 14 years of experience. He has helped more than 400 businesses in Malaysia and over 7,000 clients from around the world start their journey successfully.

Forhad is passionate about making business registration simple and stress-free. His knowledge and dedication have earned him the trust of entrepreneurs worldwide.

If you’re looking for someone to guide you, Md. Forhad Hossain is the name you can Rely on.

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Business Consultant Since 2012