Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
We are your Employer of Record in Bangladesh, the perfect partner for enhancing operational efficiency while still ensuring total local legal compliance. Collaborating with our experienced Employer of Record in Bangladesh allows you to effortlessly recruit and manage employees without establishing a local entity. This approach expertly navigates the complexities and challenges typically associated with international expansion.
By operating as the local employer of your staff, our dedicated Employer of Record in Bangladesh takes on full responsibility for all HR-related functions on your behalf. This enables you to enter new markets in as little as a week, effectively reducing both the time and costs associated with expanding your business overseas.
Utilizing global Employer of Record (EOR) services with extensive knowledge of the Bangladeshi market enables you to recruit and supervise an international workforce while maintaining stringent legal compliance. This proactive approach safeguards you from costly fines and penalties.
Streamline global growth while substantially reducing the customary expenses associated with expansion through an Employer of Record. Bangladesh has a complex set of rules for foreign employers, so avoiding the need to establish a new entity in the region allows you to scale your operations without a major increase in overhead costs or complexity.
An Employer of Record in Bangladesh takes on the entire spectrum of HR-related responsibilities, streamlining your operations and freeing you to concentrate exclusively on the international expansion of your business.
Creating a new company in Bangladesh can be time-consuming, often requiring weeks to months of intensive administrative work. In contrast, collaborating with a local Employer of Record in Bangladesh expedites the expansion process, enabling you to enter the Bangladeshi market in as little as a week.
INS Global offers an efficient means for you to manage your diverse, global workforce online through a state-of-the-art online HR platform. With our cutting-edge cloud-based system, you can easily and accurately manage all your employees.
Creating a new company takes time but also adds to the expansion cost in Bangladesh. Employer of Record services simplify the process and allow you to expand in less than a week.
Working with a Bangladeshi Employer of Record…
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
INS Global’s Employer of Record in Bangladesh allows your company to expand internationally in just 4 simple steps.
When considering expanding your business into Bangladesh through a third-party service provider, Employer of Record and PEO are both potential yet distinct options that can help you achieve your global expansion strategy.
A PEO (Professional Employer Organization) takes charge of a wide array of human resources tasks, encompassing payroll management, tax compliance, and contract administration. It operates as a strategic HR partner, providing essential support for your workforce needs.
In contrast, an EOR (Employer of Record) bears similarities to a PEO but holds the legal authority to hire and manage employees on your behalf, simplifying the entire process.
With a PEO, the employment contract is directly established between you and the employee, while the PEO firm assists with HR tasks.
Conversely, with an Employer of Record, you maintain control over the direction of the employment contract, but it is legally structured between the Employer of Record and the employee, imparting an additional layer of legal protection.
|
Income (Bangldeshi Taka – Tk) |
Tax Rate (%) |
|
Up to Tk. 300,000 |
0 |
|
On next Tk. 100,000 |
5% |
|
On next Tk. 300,000 |
10% |
|
The next Tk. 400,000 |
15% |
|
The next Tk. 500,000 |
20% |
|
Any income above |
25% |
While setting up a local entity is an option, working with a local EOR in Bangladesh is much more efficient. EORs have local expertise and simplify hiring and managing staff on your behalf.
An Employer of Record in Bangladesh handles all kinds of HR-related tasks, including payroll management, tax compliance, employment contracts, and more, ensuring local compliance for your international workforce.
Establishing a new company abroad can take months or even a year, but with INS Global’s EOR services, you can hire staff and expand in as little as a week.
EOR services streamline your expansion plan, and the costs are linked to a percentage of your employee’s salary.
Yes, working with an Employer of Record in Bangladesh is a legal and cost-effective solution that streamlines your expansion plans while managing your costs.
Salaries are typically processed on a monthly basis for full-time employees, while part-time workers may have weekly or bi-monthly payments. Employers are responsible for deducting all taxes and social contributions.
While recruitment in Bangladesh comes with a range of costs, INS Global streamlines remote recruitment and staff management, reducing the costs of taking on an international workforce.
Yes, an Employer of Record in Bangladesh can find and hire employees from all regions, expanding your talent pool across the entire country.
Modifications to employment contracts require mutual agreement from both parties. A Bangladeshi EOR ensures compliance with local labor laws and can even handle contract amendments or termination procedures on your behalf.
Yes, employers in Bangladesh are responsible for deducting all taxes and social contributions from employee salaries.
INS Global tailors its services to your needs, assisting you in recruiting and hiring as many employees as necessary for your expansion plans.
Severance pay is required for employees who have worked for more than 1 year. If the employee has served more than a year, they are entitled to 1 month‘s salary for each year of service.
In Bangladesh, you can find employees for in-person and remote opportunities, ensuring cost efficiency during market expansion.
Certainly! Our recruitment experts have tons of experience in finding top talent globally. We provide support in recruiting, hiring, and managing your workforce, regardless of your location.
Bangladesh observes 15 public holidays, and most employees are entitled to a paid day off. Working on these holidays usually involves a higher hourly rate.
Employers must adhere to comprehensive labor laws and regulations to avoid penalties and fines. Collaborating with an experienced EOR in Bangladesh ensures compliance with local laws.
INS Global facilitates the recruitment and management of an international workforce remotely, making hiring both Bangladeshi citizens and foreigners simple.
Level 39, Marina Bay Financial Centre Tower 2, 10 Marina Boulevard
Singapore 018983DOWNLOAD THE INS Expansion Insights
DOWNLOAD THE PDF