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 honor 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, globalization 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
Want to employ workers in Bangladesh? Companies hiring in Bangladesh are typically required to 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. 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. 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 installments 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.
Bangladesh Festival Bonus
Employees in Bangladesh who have completed at least one year of service are entitled to two festival bonuses each year. Each bonus should not be more than the basic monthly salary.
24 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR Bangladesh: Take the Tour
Competitive benefits package in Bangladesh
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Bangladesh are tailored to fulfill the local needs of 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
Fair Pricing in Bangladesh
Employer of Record
$599
paid annually, or $699/month paid monthly
Top features
Hire without opening a local entity
Guided onboarding
Local payroll paid on time, every time
Built-in security and compliance
Flexible, localized benefits
Offer equity incentives with tax assistance
Dedicated experts for local support
Contractor Management
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalized support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experiencea
Mobile app