Solutions for your business in Bangladesh
We provide HR, employment, and payroll solutions to support your business expansion in Bangladesh.
Employer of Record in Bangladesh
Employer of Record, or Employee Leasing, in Bangladesh, is a great option for small and medium-size businesses. Hiring staff in Bangladesh via Employer of Record provides more flexibility than setting up a new foreign-owned legal entity and is quicker than setting up your own entity.
We take care of hiring in compliance with local laws and regulations so even if you are unfamiliar with the Bangladesh legal system and employment laws we work on your behalf and handle all matters of employment compliance so that you can focus on building your company in Bangladesh.
Employee Leasing services provide an easier way for scaling up and down before finalizing the commitment of investment in Bangladesh.
Our service includes:
- The hiring of and termination of employees/local labor contracts, including contract administration: engagement, extension termination, and conversion to permanent hire
- On-boarding and off-boarding employees following Bangladesh labor law
- Complete payroll solution and mandatory benefit administration
- Employee management, including employee record retaining, time keeping, bonus and allowance management, expense and claims, and leave employee database management according to the local law
- Payment management, i.e. invoicing customers/clients and salary payments
- Business visa application assistance, if needed
Payroll & Mandatory Benefits Outsourcing in Bangladesh
Complying with local Bangladesh labor laws and regulations is vital to business success. We can assist by acting as your company’s HR department through our customized solutions for your payroll needs in Bangladesh.
We work with local, vetted experts to support our client’s companies and make sure they operate in compliance with Bangladesh labor laws and regulations, avoiding costly penalties.
Our service includes:
- Registration the necessary employment and personnel information for payroll calculation to the custom payroll software.
- Calculation of gross salary, salary deductions (e.g. social insurances, unpaid leaves, provident fund deductions, withholding tax deductions, etc.), and net salary based on information provided by the Company including irregular payments such as incentive/bonus, allowance, severance, etc. if applicable.
- Calculation and submission of income tax statements of an employee and annualized for the current fiscal year, if required.
- Calculation and submission of the payments to Government Treasury.
- New employee registration and Pro-rata calculation for people who join/resign.
- Providing a monthly payroll summary to the Company.
- Monthly generation of pay-slips and sending to employees by email.
- Preparation of annual payroll-related reconciliation report.
- Preparation of annual individual income tax calculation and contribution