Employer Of Record in Bangladesh

We make it easy and painless to expand your business into Bangladesh. Forget about dealing with local regulations, confusing tax laws and international payroll management. We take care of all that so you don't have to.

Accelerate your growth into Bangladesh
Compliantly and hassle-free

At Serviap Global we handle all employee onboarding, payroll, compliance, risk, mitigation and benefits, so you can focus on what matters most – your business.

How we can help you expand in Bangladesh

As your EOR in Bangladesh we’d help you expand by hiring employees and running their payroll without establishing a local branch office or subsidiary. 

Your candidate is hired by a PEO in Bangladesh provider in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. Shortly after, your new employee will be working for you, just like any other member of your team.

Expand to Bangladesh with Serviap Global

Through our PEO and EOR services, you can hire qualified talent in your industry without the trouble of opening your own legal entity. 

In just a few days, you can easily and safely build a presence in Bangladesh being sure that your staff will be hired in compliance with labor and tax regulations.

Table of Contents

Quick Facts

Bangladeshi Taka (BDT)


Payroll Cycle:


Bangladesh Country Facts

Bangladesh is a country found in South Asia. It has a large labor force and low-cost labor and materials. Bangladesh is gradually flourishing in its commerce and industry. Still primarily a rural culture, even those citizens living in a big city will feel strong ties to their ancestors.

The Economy

Bangladesh is a developing market that’s enjoyed a steady rise in economic growth in recent years.

Agriculture is the leading industry across the entire country. It has much to offer given low infrastructure costs (transportation, electricity, and telecommunication) combined with low labor costs.

The Importance of Small and Medium-sized Companies

Small- and medium-sized enterprises (SMEs) are the foundation for future economic improvement in Bangladesh. SMEs employ many people and produce many products that are affordable to the poor and help alleviate poverty through employment and affordable goods.

Population Characteristics

Bangladesh people live in mainly rural areas and are highly self-sufficient. They grow their food and make their textiles. Still developing as a nation, the literacy rate is around 61%. Many people in Bangladesh speak English due to the history of the British colonization of the country. As a result, English is widely understood in the written and spoken word.

Economic Opportunities

Banking experts find Bangladesh is experiencing tremendous economic growth compared to other emerging markets. This is because Bangladesh boasts cheap labor as well as low-cost raw materials.

Key Sectors of the National Economy

These key sectors include:

  • Clothing and Apparel
  • Agriculture
  • Telecommunication
  • Power
  • Software
  • Consumer Goods

Human Talent
Many Bangladeshi speak English and already have the basic skills required by many industries. Employers find it increasingly common to have a growing supply of potential employees with professional credentials and training in technology sectors. Technical training is available in universities, colleges, and technical training centers in the countries, focusing on technology industry opportunities each year.

Prominent Cities for Business

  • Dhaka
    The capital city is the most significant economic center in the Eastern South Asia. Dhaka is also easy
    to reach from nearby neighboring countries.
  • Chittagong
    This coastal city is a major financial center in southeast Bangladesh. It’s also the second-largest city in
    the country.
  • Rajshahi
    Rajshahi is a metropolitan city home to many businesses in the country. Famous for its silk, this is also
    where you’ll find Rajshahi University.

Technological Ecosystem

Market researchers find Bangladesh is coming into its own as a country that manufactures digital devices. These items then go out to the global sector.

Facilities for Foreign Investment

Development and diversification are top priorities of the Bangladesh government. Efforts to grow the country’s economy are led by the Ministry of Commerce with the goal of increasing the country’s industrial base and foreign trade.

Business Culture in Bangladesh

  • Use Titles
    The title matters the most in Bangladesh, so make sure to match the people’s positions attending the meeting.
  • Timing
    Do not schedule any meetings for 1 pm; Bangladeshis pray at 1:15 pm then eat.
  • Small Talk
    Even a business meeting will begin with some small talk. The entire process of closing a deal can be lengthy; Bangladeshis rarely make business decisions during an initial meeting.

Bangladesh Gastronomy: regional and traditional cuisines

Curries are among the most popular foods in Bangladesh

Tea is the national beverage of Bangladesh. The drink was initially brought to the country by the British.

Hilsa curry. Hilsa is a fish. The curry includes turmeric and chili paste. Once the fish is slowly fried on low heat, it’s topped with mustard gravy and a side of rice. The fish is commonly eaten whole, including the head and eggs.

Panta Bhat is leftover rice with a kick. It’s soaked in water overnight to let it ferment. Then, it’s served as a breakfast staple with chili and onion in the morning.

General Highlights

CountryPeople’s Republic of Bangladesh
Num. States / Province64 districts
Principal CitiesDhaka, Chittagong, Khulna and Rajshahi
LanguageBangla – Westerners often use Bengali
Local CurrencyTaka
Major ReligionIslam
Date FormatNone officially standardized
Thousands Separator Format99,999,999.99
Country Dial Code+880
Time ZoneBangladesh Standard Time BST GMT/UTC + 6h
Population166 million
Border CountriesBurma, India and Nepal
Continental surface144,000 km2
Fiscal YearJuly 1 – June 30
VAT %Variable depending on type of product or service between 5%-10%


Minimum Wage

1,500 taka per month (approximately $17.45 USD)

(That rate may be higher if the employee is part

of an industry with specific, set, wages)

Taxpayer Identification Number Name in the countryTIN
Current PresidentAbdul Hamid

What you need to know about employing personal in Bangladesh:

Laws and Agencies that regulate labor relationships

LawsBrief Description
Constitution of BangladeshThe Bangladesh Constitution sets out workers’ rights to join a union.
Labor Code2006 Labor Act and Labor Rules.
Tax CodeTax policies and laws.
Social Security/Social InsuranceThis is in a planning and reformation stage according to the Insurance Development and Regulatory Authority in Bangladesh.

Key Tax and Labor Authorities

The National Board of Revenue (NBR)NBR is attached to the Internal Resources Division of the Ministry of Finance
The Deputy Commissioner of Taxes


Sazid Khan is currently in this position.

Labor Contracts

Bangladesh Labour Act 2006This act oversees the laws that regulate labor and employment.
The Contract Act, 1872This governs all contracts in Bangladesh
The International Labor OrganizationThey are members
Work HoursUsually an employee in Bangladesh is off Friday and Saturday each week. The work week is made up of 40 hours


Legal Benefits in Bangladesh

Minimum Wage

1,500 taka per month (approximately $17.45 USD)

(That rate may be higher if the employee is part of an industry with specific,

set wages).

OvertimeThe workday is 8 hours for an adult worker. The employee can work a ten hour day if the employer pays double his usual wages.
Annual BonusIn Bangladesh, there are two festival bonuses each year (for employees who have been employed for at least a year). The bonus is not to be more than basic salary.
Employment Injury InsuranceNot all workers in every industry in Bangladesh are covered under the country’s occupational health and safety framework.
Vacations or PTO

People employed for at least a year get:

One day for every 18 work days — in industrial, commercial, factory or road transport business

One day for every 22 work days — tea plantation workers

One day for every 11 work days — newspaper worker

Leaves of Absence

Employees have the right to paid absences for the following things:


14 paid sick days a year



8 weeks of paid leave before the birth and another 8 weeks of paid leave after the child’s birth.

Employers Contribution or Labor Cost

Annual Taxable Income

Over this amountNot over this amountTax % on Excess
0250,000.00 taka0%
 3,000,000.01 and above30%

Corporate Tax Rates

Taxable Gross IncomeTax Rate
Flat rate32.5%


A worker permanently disabled on the job is to get compensation in the amount of anticipated earnings over their lifetime. Dependents of deceased workers can also get up to 60% of the worker’s wage at time of death.

Public Holidays

DateHoliday Name
February 21Shaheed Day
March 17Sheikh Mujibur Rahman’s Birthday
March 18Shab e-Barat
March 26Independence Day
April 14Bengali New Year/Bihu
April 29Jumatul Bidah
May 3Eid Ul Fitr
May 16Buddha Purnima
May 28Laylat al Qadr
July 10Eid Al-Adha
August 9Ashura
August 15National Mourning Day
August 19Shuba Janmashtami
October 5Vijaya Dashami
October 9Eid-e-Milad-un-Nabi
December 16Victory Day
December 25Christmas Day


Type of TerminationBrief Description
Justified Dismissal“Retrenchment” is when the employee has done nothing wrong, but they’re being let go for the overall health of the business.
Unjustified DismissalEmployers are allowed to terminate employees without showing cause.
Voluntary ResignationThe employment contract can be ended by either the employer or the employee voluntarily.

Other forms of compensation upon termination include

Length of Employment

Severance Amount

For each year of employment up to 10 years

30 days’ wages

For each year of employment above 10 years

45 days’ wages

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Great talent deserves great benefits. We offer a competitive range of benefits so that you only attract top-tier talent worldwide.

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