- Overview: Bangladesh
- Expand without a company set up
- Global PEO and payroll
- Global HR Compliance
- Work permit for hiring expats via PEO
- Contractor vs. employee: which is better?
- Global Payroll Calculator
Global Employer of Record (EOR) in Bangladesh
Expanding your business globally often involves complex challenges, especially when it comes to legally onboarding and payrolling employees in foreign markets like Bangladesh. The process usually necessitates establishing a legal entity within the country, a requirement that can be time-consuming, expensive, and fraught with complexities.
Express Global Employment provides a streamlined solution to this challenge through our Global Employer of Record (EOR) services. Catering to direct employers and service companies representing international clients, we specialize in making your expansion into Bangladesh as smooth as possible. Partner with Express Global Employment and let us manage your global employment and HR needs, freeing you to focus on your core business objectives.
Understanding Global Employer of Record
What Is a Global Employer of Record?
A Global Employer of Record (Global EOR) is a third-party organisation that shoulders the legal and administrative responsibilities of hiring, employing, and managing staff on behalf of a client company. Unlike a standard Employer of Record, a Global EOR can operate across multiple countries, offering a unified solution for managing international employees.
This international talent engagement model is especially advantageous for companies expanding into new markets. Typically, such expansion would require establishing a local legal entity, a time-consuming process laden with bureaucratic hurdles. Global EOR circumvents this necessity. It allows companies to deploy staff in multiple jurisdictions without navigating the complexities of local employment laws, tax structures, and compliance norms. This streamlined approach eliminates the daunting upfront investment and operational costs of establishing a foreign subsidiary or business unit.
The flexibility of a Global EOR model makes it ideal for market testing and agile operations. Companies can quickly enter and exit markets, scaling their workforce up or down based on real-time needs and market conditions. Not only does this minimise risk, but it also preserves the company’s existing tax structure and corporate governance framework. The result is a more efficient, compliant, and strategic approach to international business expansion.
Eliminating the Barriers to Global Expansion
A Global EOR eliminates the need for a company to go through the complex and costly process of setting up a legal entity in a foreign jurisdiction. This includes navigating the complex web of local labour laws, tax regulations, and compliance requirements, which often vary significantly from one country to another.
Streamlining Talent Acquisition and Management
A Global EOR plays a vital role in talent acquisition and management. With businesses looking to tap into global talent pools, a Global EOR can hire and manage employees on behalf of a company, ensuring compliance with local laws and offering standard or required benefits in the specific country.
Simplifying Payroll and Benefits Administration
The third aspect revolves around payroll and benefits administration. Companies do not have to familiarise themselves with the nuances of local payroll regulations or benefits structures. The Global EOR takes care of all these tasks, including tax withholding, social security contributions, and other local compliance requisites.
Risk Mitigation and Compliance
Lastly, risk mitigation is a huge benefit that a Global EOR provides. By outsourcing employment to a Global EOR, companies can mitigate risks associated with non-compliance with local employment laws and regulations. The EOR assumes responsibility for legal challenges that may arise from the employment relationship, thereby shielding the client company from potential liabilities.
A Global Employer of Record serves as a one-stop solution for companies looking to expand globally, hire internationally, and manage cross-border teams without the hassles and risks of navigating foreign legal landscapes. It’s a modern solution to age-old challenges that globalisation poses, enabling businesses to focus on growth rather than getting entangled in administrative complexities.
Global Employment Solutions in Bangladesh
All-In-One Global Employment Solution
Employing globally is no longer a maze of local setups and legal hurdles. With Express Global Employment, you can build a global team seamlessly. Benefit from our comprehensive, compliant, and efficient global employment solutions that eliminate the complexity of international hiring. From contract generation to seamless integration, we ensure that your expansion is as limitless as your ambition.
Global Mobility Support
Our global mobility support is about turning complexity into simplicity. We expedite onboarding and immigration procedures, ensuring your global talent is ready to engage and deliver results swiftly. By eliminating red tape and administrative burdens, your team can focus on what they do best, propelling your business forward in every corner of the globe.
Global Payroll & Benefits, Handled
Financial well-being is critical to employee satisfaction. That’s why we navigate the intricacies of international payroll and benefits with expertise. Our solutions offer your workforce a competitive and fully compliant financial package, wherever they may be. With Express Global Employment, you can assure your team that their compensation is globally competitive wherever they are.
Borderless Expansion, No Entity Needed
Launch your workforce in 190 countries without the burden of establishing local entities. Our all-in-one global employment solution allows quick, compliant onboarding and talent management. You can immediately scale up your operations and seize international opportunities with Express Global Employment as your guide.
New Markets. Zero Risks.
Expanding your business’s horizons should not multiply its risks. Protect your global ventures from compliance pitfalls with our expert guidance. We manage the complexities of employee classification and permanent establishment risks, ensuring that your expansion is secure and strategically sound. With us, new markets mean new opportunities, not new worries.
Global Payroll Calculator Helps You Streamline Global HR Operations
By creating the Global Payroll Calculator, we’ve done the global payroll and tax math and compliance for you.
- Eliminate the time-consuming and costly process of doing your manual calculations.
- Gain instant access to up-to-date salary cost breakdowns based on local tax laws and regulations and update in real-time with the latest employment and tax legislation changes across 190 countries.
- Stay compliant on all international payroll matters, including local taxes, labour rules, and benefits.
- Minimized the risk and global cost-of-hire.
1. Recruitment |
2. Global Mobility |
3. Checks |
4. Onboarding |
5. Payroll Administration |
6. Working Time & PTO Processing |
7. Benefits Administration |
8. Tax Administration & Reporting |
Offboarding |
Talent skilled in highly specialised areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
Expenses reimbursement & business trip processing | ||||||||
Health insurance, dental treatment |
Global EOR Efficiency: Reducing Vendor Complexity
Utilising a single Global Employer of Record partner empowers businesses to manage employees across multiple countries efficiently. This unified approach simplifies complex international HR processes, providing consistency in employment practices and compliance standards across different jurisdictions. It eliminates the need for multiple local HR teams or legal advisors, ensuring a cohesive and streamlined strategy for global employment.
A Global Employer of Record can effectively consolidate multiple services, replacing the need for various vendors across jurisdictions:
- Payroll and Tax Compliance: Manages payroll processing, tax withholding, and reporting, aligning with local regulations.
- Benefits Management: Constructs and administers comprehensive and competitive employee benefits packages, adhering to local laws.
- HR Expertise: Offers a full range of HR services, including streamlined and compliant employee onboarding, talent management., and offboarding.
- Background Verification: Conducts employee background checks, ensuring compliance with regional standards.
- Intellectual Property Assistance: Aids in registering and protecting intellectual property rights across different jurisdictions.
- Tax Consultation: Provides expert advice on local tax laws and compliance.
- Translation Services: Offers language support to bridge communication gaps in multinational operations.
- Legal Advisory: Delivers legal expertise, including contract review and regulatory compliance.
- Immigration Guidance: Assists with work permit sponsorship and visas for international employees, simplifying the immigration process.
Spotlight on Bangladesh
Location: Bangladesh is a country located in South Asia, in the delta of the Padma and Jamuna rivers in the northeastern part of the Indian subcontinent. India borders it to the west, north, and east, and Myanmar to the southeast.
- Capital: Dhaka
- Population: 165.1 million (2023)
- Local currency: Bangladeshi taka (BDT)
Economic Outlook
According to the World Bank, the Bangladesh economy is expected to grow by 5.5% in 2023. This is a slowdown from the 6.9% growth rate recorded in 2022, but it is still higher than the average growth rate for South Asia.
The slowdown in growth is due to a number of factors, including the global economic slowdown, the war in Ukraine, and rising inflation. However, the Bangladesh economy is supported by a number of factors, such as a young and growing population, a strategic location, and a number of ongoing economic reforms.
Global Employment’s EOR Services in Bangladesh
Navigate international growth challenges with Express Global Employment’s tailored Employer of Record (EOR) solution in Bangladesh. Our EOR services offer an expedient, cost-effective alternative to direct hire, enabling you to onboard and payroll top-tier local and international talent in full compliance with Bangladesh’s complex employment laws.
Benefit from our global PEO and payroll solutions that ensure your operations meet all in-country tax and labour regulations. With Express Global Employment handling your HR intricacies, you can concentrate on what matters most: advancing your business objectives.
Our comprehensive services extend from talent acquisition and retention to global expansion risk mitigation. We prepare all requisite employment contracts, handle social security registration, and even facilitate work permits and business visas for your expatriate team.
Trust Express Global Employment provides you with the HR solutions you need to expand in Bangladesh and beyond, freeing you from the legal and operational complexities associated with global employment.