OPENING REPRESENTATIVE/LIAISON/BRANCH OFFICE

We provide the following services relating to opening Representative/Liaison/Branch Office, post-permission licenses and reporting under local corporate laws:

Business Permission:

  1. Processing, filing application documents for opening Representative/Liaison/Branch office and obtaining the permission;
  2. Processing, filing documents relating to request for waiver of certain condition of the permission restricting local income of a Branch Office and obtaining waiver letter; and
  3. Processing, filing documents relating to registration of Branch Office with the authority under local corporate law and obtaining the Branch Registration Certificate.

Post Permission Licenses:
Processing, filing of documents relating to the following and obtaining the license:

  1. Central Bank’s permission;
  2. Taxpayer’s Identification Number Certificate [TIN Certificate];
  3. Trade License –  for Branch Office;
  4. VAT registration – for Branch Office;
  5. Chamber Membership – for Branch Office; and
  6. Import Export Certificates – for Branch Office.

Regulatory Reporting:

  1. Preparation and filing of Statement of remittance received from head office and expenditure there-from under Foreign Exchange Regulation law with the Central Bank, Business Permission issuing Authority and Tax Authority on quarterly basis;
  2. Preparation and filing of monthly VAT Report;
  3. Filing of audited Financial Statements of Branch Office with the authority; and
  4. Preparation and filing of annual Salary Statement with tax authority.

Work Permit & Employment Visa:

  1. Processing, filing documents relating to request for recommendation for issuance of Employment Visa for the foreign national to be engaged by the office and obtaining the Recommendation for E Visa
  2. Processing, filing documents relating to Work Permit for expatriate employee of the office and obtaining the Work Permit; and
  3. Processing, filing documents relating to Multiple E Visa according to the Work Permit and obtaining the visa.
  4. Canceling Work Permit in case of early separation of the expatriate with the office.

Payroll:

  1. Calculation of payroll numbers;
  2. Computation of tax liability of the employee;
  3. Preparation of payroll statement and bank advise;
  4. Issuance of Pay Slip;
  5. Processing final settlement bill of an outgoing employee; and
  6. Preparation and filing of annual salary statement with the tax authority.

 

Handling withholding tax on salary and payments to vendors and others:

  1. Advising on applicable rate of income tax to withhold at the time of payment;
  2. Preparation of documents relating to depositing the withholding tax into Govt. Exchequer; and
  3. Depositing withholding tax amount into Govt. Exchequer and collecting acknowledged bank chalan.

Handling Value Added Tax collected at source:

  1. Advising on applicable rate of vat to withhold at the time of payment;
  2. Preparation of documents relating to depositing the vat amount into Govt. Exchequer; and
  3. Depositing vat amount into Govt. Exchequer and collecting acknowledged bank chalan.

Taxation:

  1. Preparation of Income Return, Tax Computation and relevant schedules;
  2. Filing of Income Tax Return with the tax authority;
  3. Responding to any query from tax authority; and
  4. Obtaining Tax Certificate from up to Deputy Commissioner Level.

Others:

  1. Renewal of Business Permission;
  2. Renewal of waiver of restricted condition on local revenue of a branch office;
  3. Renewal of Central Bank’s Permission;
  4. Renewal of Trade License, Chamber Membership, Import Export License and Work Permit;
  5. Extension of visa of the expatriate employee; and
  6. Maintenance of Employees Provident Fund Account.


 
 

House # 7, Road # 14, Sector # 1, Uttara, Dhaka-1230, Bangladesh
Call: 88 01711 262715, email: info@muntaqim.org, web: www.muntaqim.org