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.

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:
✅ Preparation and submission of all required documents through the BIDA portal.
✅ Assistance 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 in opening a local bank account for your Representative Office.
✅ 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:
✅ Preparation of the intimation letter and supporting documents for submission to Bangladesh Bank.
✅ Ensuring acknowledgment and securing the receiving copy from Bangladesh Bank.

Ongoing Compliance and Reporting:
✅ Regular reporting to BIDA and Bangladesh Bank to maintain compliance.
✅ Assistance in obtaining work permits for expatriates.
✅ Advisory services on operational and regulatory updates to ensure continued compliance with local laws.

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.

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!