S & F CONSULTING FIRM LIMITED
a large professional business service provider in Bangladesh.
Mobile: +880 01914444795
Dhaka, Bangladesh
Required papers to open foreign branch office in 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.
Government of Bangladesh (Ministry of Industries)
- Full name, address, telephone,
fax numbers of the principal company, with country of origin;
- Intended field of business in
Bangladesh through proposed Branch Office;
- Function of the principal
company/firm in brief;
- Date of operation of the
proposed Branch Office;
- Period
for which permission is sought;
- Proposed organizational set up
of the company's Branch Office;
- 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;
- 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
- 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
- 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.
2.
Bangladesh Bank
- Full name, address, telephone,
fax numbers of the principal company, with country of origin;
- Place of incorporation and
registration of the principal company in the country of origin;
- Authorized and paid-up share
capital of the principal company, both equity and preferential (if
applicable);
- Name, address and nationality
of the Directors of the principal company as well as their place of
permanent residence;
- 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);
- Particulars of the activity
(trading/commercial/industrial/consultancy) of the Principal Company;
- 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);
- Source of finance to the
Branch Office in Bangladesh;
- Whether surplus earning, if
any in Bangladesh, to be remitted abroad;
- 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;
- 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;
- 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;
- 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;
- 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;
- List of local employees if
appointed;
- Power of Attorney favouring
the legal representative duly executed.
Board of Investment- Bangladesh
How
can an investor open a new Branch Office/Liaison Office/Representative Office
in Bangladesh?
In
order to open a new Branch Office/ Liaison Office/Representative Office in
Bangladesh, an investor will have to apply in a BOI prescribed form which could
be downloaded from BOI website. In addition, the investor has to submit
(a) The board resolution for opening such office in Bangladesh
(b) Certified copy of Memorandum and Articles of Association and
Certificate of Incorporation
(c) Particulars of Board of Directors
(d) Audit report
(e) All the documents must be attested by Bangladesh
Embassy/High Commission/Consulate Office in the of the investor.
What are the relevant documents/papers
required for registering with the Board of Investment, Bangladesh?
a) Documents required
for local & foreign investment are:
§ Application Form duly filled in
§ Trade License
§ Certificate of Incorporation
§ Memorandum and Articles of Association
§ Registered partnership deed
§ Name and address of other shareholder/director(s) of the project
§ Additional documents for projects in controlled sectors
§ Copy of rental agreement or lease deed for premises or land
purchase document
§ TIN Certificate
§ Registration Fee (Bank Draft)
Where
does an investor apply for registration of investments?
c) In
order to establish branch or liaison or representative office of a foreign
company, you may go online at ORS BOI to
register your project with required documents/papers. If you want to register
manually, please contact Director (Registration & Incentives-1 Commercial),
Board of Investment. Contact Number: +88-02-9562546.
How an
investor can get a new work permit in Bangladesh?
An
investor has to apply in a BOI prescribed form which could be downloaded from
BOI website (www.boi.gov.bd). The holders
of Private Investor (PI) Visa or Employment (E) Visa or E1 Visa may get work
permit in Bangladesh.
Opening a bank account by a foreign
investor
A
non-resident may open with any authorized dealer or branch thereof, a foreign
currency account & non-resident foreign currency deposit account with
foreign exchange brought in from outside the country. A foreign investor may
also open & operate a Taka account freely with any bank while they are a
resident. A non-resident can open a no resident investor’s Taka account with
any authorized dealer in Bangladesh with foreign exchange remitted from abroad,
or by portfolio investment in Bangladesh.
Bringing in cash from
abroad by a foreign investor
A
foreigner may bring in foreign exchange in any form, including cash, without
limit. However, for amounts in excess of $ 5000 a declaration at time of entity
is required.
Note: In order to
establish branch or liaison or representative office of a foreign company, you
may go online at ORS BOI to register your project with required
documents/papers. If you want to register manually, please contact Director
(Registration & Incentives-1 Commercial), Board of Investment. Contact
Number: +88-02-9562546.
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