How to Set Up Your Liaison Office in Bangladesh: A Practical Roadmap

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 How to Set Up Your Liaison Office in Bangladesh: A Practical Roadmap

For foreign companies, establishing a liaison office in Bangladesh is a streamlined process when you know the essential steps. If you're looking to explore the market, build a network, and represent your parent company, here is a straightforward roadmap.

The central pillar of this process is liaison office registration in Bangladesh through the Bangladesh Investment Development Authority (BIDA). Securing their approval is your first and most critical milestone.

Let's break down the key steps:

  1. Secure BIDA Approval: This starts with a detailed application submitted to BIDA via their One Stop Service (OSS) portal. You will need a suite of documents, including your company's Certificate of Incorporation, audited financial statements, a board resolution, and a detailed company profile. All foreign documents must be notarized and attested by the Bangladeshi Embassy in your home country.

  2. Open a Bank Account and Remit Funds: Once approved, you must open a corporate bank account with a scheduled bank in Bangladesh. The foreign parent company is required to remit at least USD 50,000 into this account to fund the office's operations.

  3. Complete Post-Approval Registrations: After setting up the bank account, the office must report to the Bangladesh Bank. The final step involves registering with the Registrar of Joint Stock Companies and Firms (RJSC) and obtaining a trade license from the local city corporation.

The entire journey for a compliant liaison office registration in Bangladesh usually takes between two and three months. The permission is valid for three years and is renewable. Remember, a liaison office is a non-commercial entity, making it a cost-effective and efficient way to establish your initial presence.

Understanding the specifics of liaison office registration in Bangladesh is the first step toward a successful market exploration.

Location: London, UK

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