Liaison Office Setup & Management Services for Seamless Business Expansion
Establish a Liaison Office to Build Strong Business Connections, Facilitate Operations & Expand Your Global Presence
Services You Get from Our Liaison Office Solutions:
● Liaison Office Registration & Approval – Assist in obtaining necessary approvals from regulatory authorities.
● Legal Compliance & Documentation – Ensure compliance with all corporate and foreign investment laws.
● Government & Regulatory Liaison – Manage interactions with local authorities and government agencies.
● Bank Account Setup & Financial Management – Help in opening corporate bank accounts for financial transactions.
● Office Space & Infrastructure Support – Assist in setting up office locations and necessary infrastructure.
● Employment & HR Services – Handle recruitment, payroll, and compliance with labor laws.
● Tax & Accounting Compliance – Ensure VAT, TIN, and financial reporting obligations are met.
● Operational & Administrative Support – Assist in day-to-day business operations and coordination.
● Market Research & Business Networking – Help businesses connect with local partners, suppliers, and customers.
● Exit & Closure Formalities – Provide support for winding up the liaison office if needed.
Liaison Office Registration/Incorporation Procedure in Bangladesh | Corporate.com
A Liaison Office in Bangladesh refers to an establishment that does not engage in any commercial or income-generating activities. Although the BIDA (Bangladesh Investment Development Authority) Guidelines do not explicitly define commercial activities, they suggest that Liaison Offices are not allowed to conduct any activity aimed at generating income. In broad terms, commercial activities are considered to involve actions related to income generation.
Typically, a Liaison Office in Bangladesh serves as a communication channel between the parent office abroad and local parties, facilitating coordination and promoting the parent company’s activities within Bangladesh. However, Liaison Offices are strictly prohibited from conducting any business, trade, or industrial activities within the country.
In Bangladesh, the terms Liaison Office and Representative Office are often used interchangeably, as their functions, permitted activities, and establishment procedures are essentially the same under the BIDA Guidelines.
How to Incorporate a Liaison Office in Bangladesh?
To establish a Liaison Office in Bangladesh, prior approval from BIDA is required. The foreign investor must submit a prescribed application form along with the following documents, which must be attested by either the Bangladesh Embassy or High Commission in the country of origin, or the Apex Chamber of Commerce in the respective country:
Required Documents for Setting Up a Liaison Office:
- Prescribed Application Form: Duly filled, 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 or promoters of the parent company.
- Board Resolution authorizing the establishment of a Liaison Office in Bangladesh.
- Audited Accounts of the parent company for the last financial year.
- Proposed Organogram: A diagram showing the posts to be filled by both expatriate and local personnel.
- List of Activities: The proposed activities of the Liaison Office, clearly outlined on the parent company’s letterhead.
Timeframe for Setting Up a Liaison Office in Bangladesh
Once the above-mentioned documents are submitted to BIDA, it typically takes 2-3 weeks to receive approval to set up the Liaison Office in Bangladesh.
Fees for Opening a Liaison Office
- The governmental fee for opening a Liaison Office is BDT 25,000.
- Additionally, a remittance of USD 50,000 needs to be transferred from the parent company’s account to the Liaison Office’s local account.