The Process of PayrollBD Employment & PEO Payroll Services 

Companies wishing to hire and manage teams in Bangladesh can use PayrollBD's professional employment organization (PEO) and employer of record (EOR) services. In Bangladesh, registering a legal entity as a means of employment is an out-of-date procedure that involves both time (months) and money (thousands of USD). PayrollBD's employer of record and PEO services allow businesses to hire and manage employees in Bangladesh in under a week, in complete compliance with local labor rules.

Bangladesh's Taxes and Payroll                

Residents pay income tax at progressive rates ranging from 10% to 30%, while non-residents (excluding Bangladeshi non-residents) pay a single rate of 30%.

 The  Employer of Record in Bangladesh

Employer of Record (EOR) services are for businesses who do not have a legal presence in Bangladesh but want to hire there. PayrollBD is in charge of both employment and full liability.

In Bangladesh, you interview and choose the candidates you want to hire.

PayrollBD negotiates a local labor agreement with your new hire.

Your company and PayrollBD establish a service agreement.

PayrollBD organizes, manages, and performs payroll in Bangladesh while adhering to all local labor rules.

Bangladesh Payroll & PEO Services

Companies with a legal entity in Bangladesh that want to outsource their payroll might use Professional Employment Organization (PEO) services. Your company's and PayrollBD's employment liabilities are shared.

In Bangladesh, you conduct interviews and choose the candidates you wish to hire.

PayrollBD arranges, administers, and performs payroll for your local employees while adhering to all applicable labor rules.

While PayrollBD manages payroll and hr compliance, you maintain a normal working relationship and manage your team in Bangladesh.

 PayrollBD's Bangladesh Employment Services Have a Number of Advantages.

You can pay as you go.

One point of contact for numerous locations with a dedicated account manager

Processing of job applications and terminations

Complete payroll services as well as statutory benefits in accordance with local laws

PayrollBD can help you apply for a VISA for a foreigner if you require it.

Bangladesh's Compliance with Employment Laws

Payroll & Taxes

Employer Expenses

Hours of Work

Contributions are required.

Laws Regarding Termination

Holidays

Types of Leaves in an Employment Contract

Immigration Regulations

            Expenses for employers in Bangladesh

 The employer contributes:

5% A Social Security benefit

Bangladeshi Working Hours and Overtime

The daily working hours are 8 a.m. to 8 p.m. Working hours should be 48 per week. Overtime pay in Bangladesh is required to be paid at twice the standard rate. Each day, up to two hours of overtime is permitted, for a total of 12 hours each week. The annual average working hours, however, must not exceed 56 hours per week.

Holidays in BangladeshPublic Holidays In Bangladesh

Language Martyrs’ Day – February 21

Sheikh Mujibur Rahman’s Birthday – March 17

Independence Day – March 26

Bengali New Year – April 14

Shab-e-Qadr and Jumatul Bidah – April 29

Labor Day – May 1

Eid al-Fitr – May 3-4-5

Buddha Purnima – May 16

Eid-ul-Azha – July 10-11-12

Ashura – August 8

Eid al-Adha

National Mourning Day – August 15

Janmashtami – August 19

Durga Puja – October 4

Eid-e-Miladunnabi – October 9

Victory Day – December 16

Christmas Day – December 25

On a Global Scale, You Can Call Yourself an Employer of Record.

PayrollBD Global is the market's longest-serving employer of record providers, with over a decade of experience. Organizations all around the world rely on our global employment outsourcing solution to rapidly and compliantly expand and hire in over 179 countries. 

We've been around long enough to have encountered just about every worldwide employment situation imaginable, and we know what it takes to get global employment right, thanks to our broad local expertise. Speak with one of our global solutions advisers today to see if the GEO employer of record service is suitable for you.

Conclusion

Looking for a more effective way to hire someone in a foreign country? Get in touch with us. Fill out the form to request a free estimate and speak with one of our professionals.