Case Study On Business Documentations: Branch Office Setup
Posted: Jun 26, 2022
Liaison Office Registration Made Easy
A liaison office in Bangladesh is typically made up of smaller sections representing various parts of the organization, such as HR department, sales, and accounting. Many client-specific administrative concerns can be conducted closer to clients by setting up branch office in Bangladesh.
A liaison office in Bangladesh is a more autonomous institution that does business with its own name while still acting on behalf of the parent corporation. The local rules regulating the international parent business apply to setting up branch office in Bangladesh.
The parent firm is responsible for its branch office in a foreign country, which is known as a branch office setup.
The ability to conduct business through a liaison office in Bangladesh is provided by the fact that investors can avoid having to open a company through the usual registration process.
It may sound right to setting up branch office in Bangladesh farther apart in more rural locations.
Problems Occurred With Documents Required For Liaison Office
A world known multinational corporation contacted us for their branch office setup in Bangladesh. But they were not familiar with the laws and regulations and also about the documents required for liaison office setup. Due to demographic challenges, they could not gather enough information themselves to start the business process. As this was their first liaison office in Bangladesh, we first had to prepare a list of all the Licenses and Approvals they will need for their liaison office registration.
Documentation Services We Provided
Application form for branch office setup filled out and approved by the authorized personnel.
The parent company's Memorandum of Organization, Memorandum of Incorporation, and Articles of Incorporation.
Identities and ethnicities of the parent company's directors or promoters.
The parent company's audited financial statements for the previous fiscal year.
The board of directors of the company has approved the decision of setting up branch office in Bangladesh.
The office's proposed organizational structure, which includes both foreigners and local staff.
Information on the activities of the liaison office in Bangladesh and a letter forwarded.
Advantages Of Our Liaison Office Registration Services
Greater Control: In terms of decision-making, the parent corporation manages the activities of a liaison office in Bangladesh totally.
Cost Effective: Because there are no share capital restrictions, setting up branch office in Bangladesh will be substantially more cost effective.
Business Recognition: Setting up branch office in Bangladesh can offer numerous advantages, ranging from increased brand visibility to reduced business risk.
Access to New Market: When offering products and services, a business with a liaison office in Bangladesh will be able to reach new clients.
Tax Advantages: Any double tax treaties negotiated by the country will apply to a liaison office in Bangladesh.
Barriers In Bangladesh Market
Lack of Accessibility: Access to documents required for liaison office is critical for boosting productivity, cooperation, and avoiding delays.
Documents Modification: Every change to documents required for liaison office must be copied and submitted to the appropriate stakeholders.
Time and Cost Consuming: Submitting applications and getting approvals for liaison office registration always take up time and the fees are quite expensive as well.
We submit all the documents required for liaison office to the Bangladesh Investment Development Authority physically. We obtain the approvals for you within just one month period. So, reach us today to get the fastest documentation process for liaison office registration.
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