Opening Branch Office
Foreign companies are allowed to set up branch office in Bangladesh for the purpose of following activities:
• Export/import of goods
• Rendering professional or consultancy services
• Carrying out research work in which the parent company is engaged
• Promoting technical or financial collaboration between Bangladeshi companies and the parent
• Representing the parent company in Bangladesh and acting as a buying/selling agent in the country
• Providing IT services and developing software in Bangladesh
• Tendering technical support for the products supplied by parent/group companies
• Undertaking activities for foreign airline/shipping companies
Such branch offices could be established with the approval of the government of Bangladesh and may remit outside Bangladesh profit of the branch, subject to applicable Bangladesh Rules & Regulation.
Opening Liaison Office
Foreign corporations are permitted to open liaison/representative offices in Bangladesh (subject to obtaining specific approval) by BB, to undertake liaison activities on their behalf. These offices act as a communication channel between the foreign corporations and Bangladesh customers. Such offices are normally established by foreign corporations to promote their business interests by spreading awareness about their products and also to explore opportunities for setting up a more permanent presence in the country.
A liaison office in Bangladesh is permitted by BB to undertake the following activities:
• Representing the parent company/group companies in Bangladesh
• Promoting export/import from/to Bangladesh
• Promoting technical/financial collaborations between parent/group companies and organizations in Bangladesh
• Acting as a communication channel between the parent company and Bangladeshi companies