Onboarding Business Presence in Bangladesh
Begin Your Expansion Journey Today
Unlock new opportunities by setting up your Branch or Liaison Office in Bangladesh with expert legal guidance.
Legal Framework for Business Establishment
Setting up a Branch or Liaison Office in Bangladesh involves navigating a comprehensive legal framework. Key requirements include obtaining work permits for foreign employees, ensuring inward remittance of operational funds, and adhering to tax obligations. Compliance with local regulations, such as obtaining necessary clearances and licenses, is crucial for seamless operations. Our firm provides expert assistance to ensure your business meets all legal prerequisites efficiently.
Essential Documents for BIDA Approval
- Completed Application Form (4 copies)
- Memorandum and Articles of Association
- Certificate of Incorporation of Parent Company
- Directors’ Names and Nationalities
- Audited Financial Statements
- Board Resolution for Office Establishment
- Proposed Organogram of the Office
- Details of Office Activities
- Forwarding Letter to BIDA
- Attested Documents by Bangladesh Mission
- English Translations of Non-English Documents
- Original Treasury Chalan of Tk. 25,000
- Application Form (4 copies)
- Parent Company Documents Attestation
- Translated Documents in English
- Proposed Office Structure
- Activity Details for BIDA
- Payment Proof of Required Fees
Understanding the Registration Process
Step 1
Document Submission
Gather all necessary documents, including the application form, company incorporation details, and financial statements, and submit them to BIDA.
Step 2
Committee Review
The Inter-Ministerial Committee evaluates the submitted documents and may request additional information or a presentation.
Step 3
Approval Issuance
Upon satisfactory review, BIDA grants approval, typically within one month, allowing the establishment of your office in Bangladesh.
Common Queries About Foreign Office Setup
Explore answers to frequently asked questions regarding the establishment of foreign offices in Bangladesh.
What documents are required for BIDA approval?
You need to submit the application form, company incorporation certificate, directors’ details, audited financials, and a board resolution.
How long does the approval process take?
The usual timeline for obtaining approval from BIDA is approximately one month, depending on document completeness.
Is a local bank account necessary?
Yes, opening a local bank account is required to manage inward remittances and operational expenses.
Are there any tax obligations?
Yes, you must comply with local tax laws, including VAT and income tax, as per Bangladesh regulations.
Can foreign nationals be employed?
Yes, but work permits from BIDA and permission from Bangladesh Bank are necessary for employing foreign nationals.
What is the validity of the initial approval?
The initial approval is valid for three years, with the possibility of extension upon review.
Client Success Stories
“Thanks to TRW law firm, our transition into the Bangladeshi market was seamless. Their expertise in navigating the legal landscape was invaluable.”
John Doe, CEO of Global Ventures
“The team at TRW law firm provided exceptional support throughout our office setup process. Their guidance ensured compliance with all local regulations.”
Jane Smith, Director of International Operations
Expert Legal Guidance for Your Business Expansion
Are you looking to establish a foreign office in Bangladesh? Our experienced legal team is here to assist you with every step of the process, ensuring compliance with local regulations and smooth operations. Reach out to us today to learn how we can support your business goals.