Branch Office Setup & Compliance Services for Business Expansion
Expand Your Business Operations with a Legally Compliant and Fully Functional Branch Office
Services You Get from Our Branch Office Solutions:
● Branch Office Registration & Licensing – Assist in obtaining government approvals and legal documentation.
● Legal & Regulatory Compliance – Ensure adherence to corporate laws, foreign investment policies, and tax regulations.
● Business Address & Office Setup – Help in securing office space, infrastructure, and operational setup.
● Bank Account Opening & Financial Setup – Assistance in opening corporate bank accounts and financial structuring.
● Tax & Accounting Management – Handle tax registrations, VAT compliance, and financial reporting.
● HR & Employment Compliance – Recruitment, payroll processing, and labor law compliance for branch employees.
● Operational & Administrative Support – Manage daily business operations efficiently.
● Liaison with Government Authorities – Maintain legal standing with necessary filings and corporate governance.
● Market Expansion & Local Business Support – Help establish a local presence and build strong business connections.
● Closure & Exit Strategy – Support in legally winding up the branch office if required.
Branch Office Registration/Incorporation Procedure in Bangladesh | Corporate.com
Among the various options available to foreign investors seeking to establish a presence in Bangladesh, setting up a Branch Office is one of the most viable options. A Branch Office does not require the establishment of a fully incorporated foreign company in Bangladesh. Instead, it involves registering a branch of an already established foreign company outside Bangladesh, making the process more straightforward.
Bangladesh has become a hub for foreign investment in recent years, and the provisions for registering a Branch Office provide the flexibility of conducting business activities without the need to form a fully incorporated entity in the country. Foreign investors can simply register a Branch Office of their parent company and carry out all the business activities permitted for companies in Bangladesh.
What is a Branch Office in Bangladesh?
A Branch Office in Bangladesh operates with the same functions and business activities as its parent company located outside of Bangladesh. To establish a Branch Office, approval from the Bangladesh Investment Development Authority (BIDA) is required.
Once approved, the Branch Office can carry on business in Bangladesh, replicating the business operations of the parent company abroad.
How to Incorporate a Branch Office in Bangladesh?
To set up a Branch Office in Bangladesh, foreign investors must obtain permission from BIDA. The following documents must be submitted to BIDA as part of the application process. These documents should be attested by either the Bangladesh Embassy or High Commission of the country of origin or the Apex Chamber of Commerce in the home country:
Required Documents for Branch Office Registration:
- Prescribed Application Form: Duly filled out, signed, and sealed.
- Memorandum of Association (MoA) and Articles of Association (AoA) of the parent company.
- Certificate of Incorporation of the parent company.
- Names and Nationalities of the directors of the parent company.
- Board Resolution approving the establishment of a Branch Office in Bangladesh.
- Audited Accounts of the parent company for the last financial year.
- Proposed Organogram: A diagram showing the positions to be filled by both expatriate and local personnel.
- List of Activities the proposed Branch Office intends to carry out.
How Much Time is Required to Obtain Approval from BIDA?
Once the required documents are submitted to BIDA, it generally takes 2-3 weeks to receive approval to set up a Branch Office in Bangladesh.
Fees for Opening a Branch Office
- The governmental fee for opening a Branch Office is BDT 25,000.
- Additionally, a remittance of USD 50,000 must be transferred from the parent company’s account to the local branch office’s bank account.