Bangladesh
Make employment in Bangladesh easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Bangladesh, all in one easy-to-use platform.
- Capital City
Dhaka
- Currency
Bangladeshi taka (৳, BDT)
- Languages
Bengali
- Population size
161,376,708
Facts & Stats
- Capital City
Dhaka
- Currency
Bangladeshi taka (৳, BDT)
- Languages
Bengali
- Population size
161,376,708
- Ease of doing business
Below average
- Cost of living index
33.31 (2021)
- Payroll frequency
Monthly
- VAT - standard rate
15%
- GDP - real growth rate
8.2% (2019)
The People’s Republic of Bangladesh (Bengali: গণপ্রজাতন্ত্রী বাংলাদেশ) is a parliamentary constitutional republic, that’s neighbored by India and Myanmar and is boasts the honour of being the eight-most populous country in the world.
Home to the Bengal tiger, the world’s longest stretching beach, an outsized textile industry, and the most expansive mangrove forest in the world, Bangladesh combines Asian charm with rich culture and profuse biodiversity.
While Bangladesh still has work to do reducing inequality and eliminating extreme poverty, globalisation has been opening up the nation’s economy, creating a new breed of experts your business can depend on as you expand across the globe.
Grow your team in Bangladesh with Remote
Looking to employ workers in Bangladesh? Companies hiring in Bangladesh must either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country. Remote can employ team members in Bangladesh and keep you compliant at all times.
Remote can hire, onboard, and pay your Bangladesh team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Bangladesh. Sign up now to get started or talk to an expert for more details.
Risks of misclassification
Bangladesh, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Bangladesh may lead to fines and penalties for the offending company.
Employing in Bangladesh
Minimum Wage
The minimum wage in Bangladesh is fixed at 1,500 taka per month ($17.63) for employees who’re not covered by industry-specific wages; workers in the garment industry (one of Bangladesh’s largest employment sectors) earn a minimum of 8,000 takas ($94) per month.
Payroll Cycle
For customers of Remote, all employee payments will be made in equal monthly instalments on or before the last working day of each calendar month, payable in arrears.
Minimum Onboarding Time
We can help you get a new employee started in Bangladesh fast. The minimum onboarding time we need is only 10 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
19 Public holidays
Competitive benefits package in Bangladesh
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practising “fair equity”, which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
We are still busy building our own entity in Bangladesh, but our benefits packages for all countries are tailored to fulfil the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Taxes in Bangladesh
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Bangladesh.
5%
Workers Profit Participation Fund (employers only subject depending on eligibility)
Types of leave
After spending an entire year working for an employer, employees are entitled to one day’s holiday for every 18 days worked, apart from certain exceptions:
1 day every 22 days worked, in the case of tea plantation workers, and
1 day every 11 days worked, in the case of newspaper workers.
This equates to between 11 – 22 days off annually.
Employment termination
Termination process
Employee contracts can either be terminated at will or with just cause established, such as dishonesty, negligence, fraud, or any other work-related offences.
Notice period
Employers are only required to provide prior notice to employees who’re being let go without any justification. This mandatory period ranges from 60 days for general workers to 120 days for employees who’re compensated monthly.
In case of termination by the employer: 30 days notice is required for monthly rated workers and 14 days in the case of other workers (payment in lieu is also an alternative).
In case of termination by the employee: A temporary worker may resign from service by giving the employer in writing with 30 days notice in the case of a monthly rated worker or 14 days for other workers (payment in lieu is also an alternative).
Severance pay
Gratuity is a discretionary monetary benefit scheme offered by an employer upon completion of service of an employee. For every type of separation, the employee becomes entitled to an amount as either 'compensation' or 'gratuity' (if any), whichever is higher as stated in the relevant provisions under the Bangladesh Labour Act, 2006 (hereinafter referred to as BLA).
In case, if an organisation does not have any gratuity scheme, then the employer is liable to pay compensation, as per the BLA at the time of separation. Gratuity or compensation payment shall be in addition to any payment of wage/salary in lieu of notice due to separation of service of an employee on different grounds.
An employee will be entitled to gratuity only when he has been in uninterrupted service for more than 1 year with the organisation. Completion of more than 6 months of service will be deemed as 1 year from the second year.
Fair Pricing in Bangladesh
Employer of Record
Hire and pay your global team
Starting at US$599/month
for annual plans
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localised benefits
Contractor Management
Compliantly onboard and pay contractors
US$29
per contractor/month
Start free trialTop features
Only pay for contractors you actively work with
Work with contractors in 200+ countries
Create, edit, and sign tailored, localised contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Global Payroll
Consolidate your multi-country payroll
US$50
per employee/month
Top features
Reduce costs by centralising payroll management
Ensure local compliance for every country
Direct support from in-house local payroll experts
Accurate, on-time, compliant payroll to level-up your employee experience
Tax and labour authority reporting handled for you
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app