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How to set up a Liaison Office in Bangladesh?

Permission from the Bangladesh Investment Development Authority (BIDA) is necessary to set up a Liaison Office. The foreign investor must submit an application in the prescribed form, together with the accompanying papers, which must be attested by the Bangladesh Embassy/High Commissioner of the country of origin or the nation’s Apex Chamber of Commerce:

  1. Apply in a prescribed form, duly filled in, signed, and sealed.
  2. Memorandum of Association and Articles of Association of the principal Company.
  3. Incorporation Certificate of the principal Company.
  4. Nationalities and names of the directors/promoters of the principal Company.
  5. A board resolution for opening a Liaison office in Bangladesh.
  6. Last financial year’s audited accounts of the principal company.
  7. Projected organogram of the office viewing the posts to be occupied by local personnel as well as expatriates.
  8. List of activities on the Company letterhead of the proposed office.

For getting the permission of the Liaison Office a fee of BDT 25,000/- will have to be deposited in any branch of Bangladesh Bank or Sonali Bank by treasury challan.
Liaison Office License would be valid for a period of 3 (three) years, after which the license would have to be renewed by applying to BIDA.
A bank account must be opened in any bank in Bangladesh after getting approval for a Liaison office. As inward remittance, an amount of foreign exchange equivalent to US$ 50,000 or more must be brought to Bangladesh within 02(two) months from the date of issuance of the BIDA permission.
After obtaining approval from BIDA, registration with the RJSC is required for the Liaison office.

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