Branch Office Registration Procedure in Bangladesh
Among the many options to start a business by establishing an entity in Bangladesh, a branch office is one of the most viable options for foreign investors as it is hassle-free to set up.
a 100% foreign owned company in Bangladesh which simply involves the registration of a branch of a foreign company that has been established outside of Bangladesh.
Bangladesh has been a hub for foreign investors in recent years, the Bangladesh branch registration regulations provide flexibility in not requiring the establishment of a fully committed company in Bangladesh without Just register the branch of the parent company and carry out all the formalities and activities that a company in Bangladesh is free to carry out. Below mentioned are the procedures for establishing a branch in Bangladesh.
Branch in Bangladesh is a development project that carries on business and moves indistinguishably from the parent company outside Bangladesh, by being approved by the Bangladesh Investment Development Authority (BIDA) to Branch establishment and management.
How to Incorporate a Branch Office in Bangladesh?
- Prescribed application form,
- Memorandum of Association (MoA) and Articles of Association (AoA) of the principal Company;
- Certificate of Incorporation of the principal Company;
- Name and nationalities of the directors of the principal Company;
- Board resolution to open a Branch office in Bangladesh;
- Audited accounts of the last financial year;
- Proposed organogram of the office showing the posts to be occupied by expatriates as well as local personnel;
- List of activities of the proposed office.