Bangladesh branch office open

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

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