Fast Easy And A Hassle-Free Setting Up Liaison Office
Many foreign corporations establish liaison office in Bangladesh to conduct liaison activities on behalf of their parent corporations. The Liaison Office is not permitted to engage in any business or commercial activity in Bangladesh to produce money, as it is not subject to corporate tax in Bangladesh.
The office often promotes the patent office's activities in Bangladesh as far as the Board of Investment, Bangladesh permits, without engaging in revenue-generating activities. The liaison office acts as a link between the Parent Office in another country and the parties in Bangladesh. We payroll bangladesh help you to set up a liaison office.
5 Special Services For Liaison Office
1. Preparation of documentation for pre-registration
2. Filling out the application and following up on it
3. Following processes must be completed (Tax and VAT registration, bank account, etc.).
4. International employees must apply for a visa and a work permit.
5. Renting an office and hiring local employees6. Accounting, HR administration, payroll, and tax issues 7. Our end to end process must impress you.
Our Key Facts Of Liasion Office In Bangladesh
In Bangladesh, the liaison office and the representative office are the same thing. The Liaison/Representative Office of a foreign corporation is limited in what it can accomplish:
Maintain correspondences, personal contracts, and other electronic media to maintain liaison/coordination between principal and local agents, distributors/exporters' institutions.Analyze and publish business information regarding its actions as stipulated in the approval letter. A Liaisonoffice in Bangladesh will have no local revenue.
Registration With The Payroll Bangladesh
After receiving approval from both Bangladesh Bank and BIDA, you must register with the RJSC. The following documents are required for this purpose:
1. Letter of approval from BIDA.
2. Bangladesh Bank's approval letter.
3. Copy of the memorandum and articles of the company or other constitutional documents.
4. The address of the company's registered or principal office.
Why Choose Payrollbangladesh For Your Liaison Office Management Services
Our service is used to represent a foreign company with the primary goal of understanding and exploring business conditions, business environment, market nature, and conducting market research for the parent company's product to provide and seek additional information from prospective customers or vendors.
Activities Required To A Liasion Office:
4 copies of an application for the establishment of a branch, liaison, or representative office in the right form, signed by the authorized person. The Articles of Association serve as the foundation for the Certificate of Incorporation. The names and nationalities of the main company's promoters. The large company's audited financial accounts from the previous fiscal year.
Documents (items 2-5) must be attested by the appropriate nation's Bangladesh mission in the corresponding country's Bangladesh business local business.
BIDA must receive all documents in four copies. After analyzing the above-mentioned information, BIDA may demand additional paperwork. Before being submitted, any documents that are not in English must be translated into English.
Our Management Services Take Care Your Full Business Process
Total business office setup services in Bangladesh
Liaison offices or representative offices are used by companies that want to establish a presence in Bangladesh but don't want to start doing business there right now. Our services must obtain approval from the Bangladesh Investment Development Authority (BIDA).
Get in touch with us immediately if you want to learn more about how a company is founded in Bangladesh. Our firm's lawyers have extensive experience and are available to assist you at any time. The procedures for establishing a Representative office are substantially identical, according to the BIDA Guidelines.: