How to Set up Office in a Foreign Country

Introduction

This document is a detail description of all the experiences in setting up the liaison office in Bangladesh. The content covers the process for one specific country, however, it is expected that the basic requirements are the same in many other countries.

The objective of writing this dossier is below:

• A detail understanding of the critical steps involved in setting up the office in a foreign land.
• Understand the documentation requirement at each step.
• Elaborate the content for each document to avoid reworking at the later stag.
• The lead time required for each step.
• Critical evaluation parameters for identifying the service providers.
• Potential roadblocks and how to avoid it.

We assume that following the intricacies in this dossier will avoid many of the uncertainties which one might face in getting through this tedious process.

 

Chapters

1.      Board Resolution -Key elements

2.      Identifying the Local Service Agent

3.      Process to get Permission for opening Liaison office

4.      Process for E Visa

5.      Process to open Liaison Office Bank account

6.      Process to obtain Work permit & VISA for the expat

7.      Process to open the Bank account for the expat

8.      Compliance of Expat to Local manpower ratio

9.      Compliances of Income tax regulations of the state

10.  Renewal of Work Permit

11.  Timelines for Critical activities

12.  Conclusion 

. . . . To be continued