Representative Office Setup in Bangladesh
Establishing a Representative Office in Bangladesh is an ideal solution for foreign companies seeking to build a presence in the country without engaging in direct commercial activities. A representative office focuses on liaison, market research, and serving as a vital link between the parent company and the Bangladeshi market.
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Eligibility to Set Up a Liaison Office in Bangladesh
A Liaison Office in Bangladesh can be established by foreign entities meeting the following criteria:
Foreign Companies
Any legally registered company outside Bangladesh that intends to explore the local market or represent its brand
Non-Commercial Operations
Entities that wish to operate without engaging in direct revenue-generating activities. The Liaison Office can focus on market research, brand promotion, and communication
Approval from BIDA
The Bangladesh Investment Development Authority (BIDA) must approve the application for establishing a Liaison Office
Defined Objectives
The office must clearly outline its activities, which typically include market research, communication, and coordination with local partners
Permitted Activities for Representative Offices in Bangladesh (BIDA Guideline 6.3.2)
Permitted Activities
- Liaison Functions: Serve as a communication hub between the foreign head office and local agents, suppliers, contractors, or manufacturers.
- Information Management: Collect, analyze, and share information in the approved areas to support business objectives.
Prohibited Activities
- Commercial Transactions: Representative offices cannot buy or sell goods or services for profit.
- Value-Added Activities: Engaging in activities that add value or generate revenue is prohibited without prior approval.
What We Offer
At AccouSource, we provide comprehensive, end-to-end support to ensure a smooth and hassle-free setup of your Representative Office in Bangladesh. Our specialized services include:
Regulatory Approvals
We prepare and submit all required documents through the BIDA portal and assist in obtaining approval from the Bangladesh Investment Development Authority (BIDA).
Registration with RJSC
Completing the necessary filings to register as a Foreign Company with the Registrar of Joint Stock Companies and Firms (RJSC)
Trade License Acquisition
Full support in applying for and securing a trade license on behalf of the applicant
E-TIN/Tax Registration
Assistance with obtaining a Tax Identification Number (TIN) to meet regulatory requirements
Bank Account and Fund Remittance
Guidance on opening a local bank account for your Representative Office and support with remitting the mandatory USD 50,000 for operational expenses.
BIN/VAT Registration
Assistance with obtaining mandatory VAT/BIN Registration from the National Board of Revenue (NBR)
Reporting to Bangladesh Bank
We prepare the intimation letter and supporting documents for submission to Bangladesh Bank, ensuring acknowledgment and securing the receiving copy from the bank.
Ongoing Compliance and Reporting
We handle regular reporting to BIDA and Bangladesh Bank, assist with expatriate work permits, and provide advisory on regulatory updates to ensure compliance.
What Sets Us Apart?
Expertise
With years of experience, we specialize in setting up representative offices for global clients, ensuring smooth and compliant operations.
Comprehensive Support
From securing regulatory approvals to preparing your office for operations, we manage every step of the process for you.
Local Insights
Our deep understanding of Bangladesh’s regulatory landscape allows us to navigate complex compliance requirements with ease and efficiency.
Investor-Focused Approach
Tailored solutions for FDIs, MNCs, and branch/liaison offices, designed around your ownership goals and compliance needs.
Faster Market Entry
Streamlined processes that reduce delays, helping you start operations in as little as 4–6 weeks.
Our Technology Partnerships
Get Started Today!
Let us simplify the process of setting up your representative office in Bangladesh. Contact us now to discuss your requirements and learn how we can help!