Foreign company registration, Branch office set up, Factory set up, Audit, Tax

Board of investment (BOI) Bangladesh

 

Papers & information are required to open a branch office in Dhaka

In order to establish your branch office in Bangladesh, necessary application in prescribed form has to be submitted to the concerned authorities of the Government for obtaining permission/approvals. The concerned authorities are listed below:

  1. Government of Bangladesh (Ministry of Industries), Dhaka;
  2.  Bangladesh Bank, Dhaka;

To obtain the permissions/approvals of the above authorities, the following information and papers/documents will be required as shown against each authority. The information mentioned below requires to be filed with the said application under the signature and seal of the Managing Director of the principal company. The seal of the Company also has to be affixed thereon.

  1. 1.   Government of Bangladesh (Ministry of Industries)
    1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
    2. Intended field of business in Bangladesh through proposed Branch Office;
    3. Function of the principal company/firm in brief;
    4. Date of operation of the proposed Branch Office;
    5. Period for which permission is sought;
    6. Proposed organizational set up of the company’s Branch Office;
    7. Initial approximate expenditure and operational expenses of the company’s Branch Office and source and nature of inflow of money required for running the Branch Office for the purpose;
    8. Certificate of Incorporation of the principal company and resolution of the Board of Directors to establish a Branch Office in Bangladesh, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin
    9. Memorandum and Articles of Association of the principal company, duly executed, notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin

 

    1. Power of Attorney given in favour of The Law Assistant duly notarized and authenticated by the High Commission of Bangladesh in the country of origin.
  1. 2.   Bangladesh Bank
    1. Full name, address, telephone, fax numbers of the principal company, with country of origin;
    2. Place of incorporation and registration of the principal company in the country of origin;
    3. Authorized and paid-up share capital of the principal company, both equity and preferential (if applicable);
    4. Name, address and nationality of the Directors of the principal company as well as their place of permanent residence;
    5. Any share held in the principal company by Bangladeshi national or company registered in Bangladesh with full particulars (name of the shareholder, nationality, number and value of shares held);
    6. Particulars of the activity (trading/commercial/industrial/consultancy) of the Principal Company;
    7. Name and address of the Bangladeshi agent/representative if any (including nature of activities undertaken or the services rendered by Bangladeshi agent/representative and term including remuneration payable to agent/representative);
    8. Source of finance to the Branch Office in Bangladesh;
    9. Whether surplus earning, if any in Bangladesh, to be remitted abroad;
    10. Whether any foreign personnel will be employed; if so, a list giving the names and nationalities of such persons, their designation, period of employment, for working in Bangladesh and particulars of government approval for their employment;
    11. Certificate of Incorporation of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
    12. Memorandum and Articles of Association of the principal company, duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin – two copies including one original;
    13. Resolution passed by the Board of Directors for establishment of branch/liaison office in Bangladesh duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin-two copies including one original;
    14. Appointment letter of the local Manager/Branch Representative, if any, in the line of a Board Resolution duly notarized and authenticated by the High Commission/Embassy of Bangladesh in the country of origin;
    15. List of local employees if appointed;
    16. Power of Attorney favouring the legal representative duly executed.

 

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