Only Bangladesh citizens can qualify to be admitted as an advocate and have the right to practice the profession in the country. Only locally licensed lawyers are allowed to establish law practices in Bangladesh. Hence, as per the OECD FDIRRI methodology, foreign participation in the legal services sector is considered prohibited.
"19. (1) Save as otherwise provided in this Order, no person shall be entitled to practise the profession of law unless he is an advocate.
 (2) Subject to the provisions of this Order, the rules made thereunder and any other law for the time being in force, an advocate shall be entitled as of right to practise throughout Bangladesh, and to appear, act and plead before any court, tribunal or revenue authority in Bangladesh.
[...]
21. (1) No advocate other than an advocate 18[permitted to practise before the High Court] immediately before the commencement of this Order shall be permitted to practise before the High Court unless-
(a) he has practised as an advocate before subordinate courts in Bangladesh for a period of two years;
(b) he is a law graduate and has practised as an advocate before any High Court outside Bangladesh notified by the Government in the official Gazette;
(c) he has, for reason of his legal training or experience, been exempted by the Bar Council from the foregoing requirements of this clause on the basis of the prescribed criteria.
(2) Permission to practise before the High Court shall be given in the form prescribed by the Bar Council on proof that the fee prescribed under Article 22 has been paid and that the relevant condition laid down in clause (1) are duly satisfied.
[...]
27. (1) Subject to provisions of this Order and the rules made thereunder, a person shall be qualified to be admitted as an advocate if he fulfils the following conditions, namely:-
(a) he is a citizen of Bangladesh;
(b) he has completed the age of twenty-one years;
(c) he had obtained-
(i) 19[ * * * ] a degree in law from any university situated within the territory which forms part of Bangladesh; or
(ii) before the 26th day of March, 1971, a degree in law from any university in Pakistan 20[:
Provided that the Bar Council may recognise such degree obtained by such person after the 25th day of March, 1971, if it is satisfied that he was prevented by circumstances beyond his control from returning to Bangladesh after that date; or]
(iii) before the 14th day of August, 1947, a degree in law from any university in any area which was comprised before that date within India as defined by the Government of India Act, 1935; or
(iv) a bachelor's degree in law from any university outside Bangladesh recognised by the Bar Council; or 21[* * *] he is a barrister;
(d) he has passed such examination as may be prescribed by the Bar Council; and
(e) he has paid such enrolment fee and fulfils such other conditions as may be specified in the rules made by the Bar Council.
22[(1A) Notwithstanding anything contained in clause (1), a person who has, for at least seven years, been a Mukhtar may, subject to the other provisions of this Order and the rules made thereunder, be admitted as an advocate if he fulfils the conditions specified in sub-clauses (a), (b), (d), and (e) of clause (1).]
(2) Before a person is admitted as an advocate, the Bar Council may require him to undergo such course of training as it may prescribe.
(3) A person shall be disqualified from being admitted as an advocate if-
(a) he was dismissed from service of Government or of a public statutory corporation on a charge involving moral turpitude, unless a period to two years has elapsed since his dismissal; or
(b) he has been convicted for an offence involving moral turpitude, unless a period of five years or such less period as the Government may, by notification in the official Gazette, specify in this behalf, had elapsed from the date of the expiration of the sentence.
[...]
41. Any person who is not an advocate and practises the profession of law and any person who is not entitled under this Order to practise in the High Court practises before that Court shall be punishable with imprisonment for a term which may extend to six months.[...]" (The Bangladesh Legal Practitioner's and Bar Council Order, 1972 (PRESIDENT'S ORDER NO. 46 OF 1972)

The Bangladesh Legal Practitioner's and Bar Council Order, 1972 (PRESIDENT'S ORDER NO. 46 OF 1972 
[<a href="http://bdlaws.minlaw.gov.bd/act-details-387.html">Order</a>]