Employer of Record (EOR) Services in Bangladesh

Using our EOR services in Bangladesh allows you to access the opportunities of the Bangladesh market within days while we take care of the paperwork for hiring your workforce compliantly.

Employer of Record (EOR)

Working with an Employer of Record (EOR) is the sensible and safest route for entering the economy of the People’s Republic of Bangladesh and dealing with its employment legislation and tax laws, to ensure a smooth transition into your new territory.

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Hassle-Free Expansion

Bangladesh is the second strongest economy in South Asia – impressive growth since its birth in 1971. Its location on the eastern seaboard of the Indian sub-continent opens sea lanes into the Indian Ocean, South China Sea and the Pacific – perfect for the exports of ready-made garments, which account for 80% of the country’s global trade. The Bangladesh government attracts Foreign Direct Investment with tax incentives as it focuses on diversifying the economy away from dependence on its apparel and textiles sector, and comes under pressure from Vietnam and other Asian producers.

But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.

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Why Choose an EOR?

Our EOR services in Bangladesh offer our global entity network to companies considering expansion. We become your international employees’ Employer of Record, meaning that we take full responsibility for your employees’:

  • Labour contracts
  • Compliance with Bangladesh laws
  • Tax contributions
  • Payroll

As an Employer Of Record, we conclude an agreement with you and the employee who will be working for your company. We become the legal employer of your new workforce. Your company maintains control over the working relationship, work ethics, tasks, and daily responsibilities of your employee.

The most significant benefit of using our EOR services in Bangladesh is probably that there is then no necessity for you to set up an entity there. This process can take months, and during this period, it is unlikely that you will have legal resources to pay your employees in Bangladesh, resulting in a considerable delay in your Global Expansion plans.

Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to expand your business without red tape globally and at low costs: that is what working with an EOR can do for you. By letting us take care of the hard part, you can focus on the significant part: expanding your business into Bangladesh.

These are the aspects we can take away from you:

  • Registering with the tax and social security office.
  • Immerse yourself in the local laws, customs, and regulations.
  • Get familiar with Bangladesh labour benefits and other contract-related customs.
  • Approach potential employees and make them an offer.
  • Setting up the Payroll system compliantly.
  • Submitting wage tax returns and national insurance forms.
  • Staying up-to-date and compliant with changes in Bangladesh regulations.

Benefits of Using EOR Services in Bangladesh

For Employers

As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Bangladesh payroll, taxes, and other local laws and regulations at Bradford Jacobs.

We can help you with the following:

  • A tailored solution that fits your company’s needs and plans.

  • Local experts inform you about all you want to know about the Bangladesh market.

  • Providing EOR best practices on tax, treaties, expenses, and social security.
  • Fast-paces and efficient hiring.
  • Easy withdrawal from the market without worrying about labour contracts.

  • A hassle-free start of your Bangladesh journey within days.

Benefits of PEO services for employers

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Expert Guidance

Benefits of PEO services for employees

Keeping Your
Employees Happy

For Employees

Employees are the central core of your business. They keep the engine running; therefore, creating a stable agreement that satisfies both employer and employee is essential. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.

We will make sure they enjoy the following:

  • Rapid and transparent onboarding.

  • An employment contract compliant with Bangladesh regulations.

  • A monthly agreed salary paid on time.
  • Excellent benefits such as pensions and insurance.
  • A regular point of contact.

  • Up-to-date information and consultation about changes in Bangladesh regulations.

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