How to hire remote employees in

Bangladesh

Bangladesh is a hub of some of the world’s best-in-class talent. But if you’re not already physically established there, hiring in Bangladesh can feel like pushing a giant boulder uphill with a pair of scissors. We’re here to make it feel easy—in the next couple of minutes, you’ll learn how to hire remote talent in Bangladesh, without all the headaches.

Country snapshot

CURRENCY
Bangladesh taka (BDT)
EMPLOYER TAXES
10% to 30%
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
Bengali

What to know before you hire in 

Bangladesh

Hiring remotely in another country is normally difficult—the labor laws are different and you haven’t established a physical presence, so you’ll need to rethink the way you approach hiring. Bottom line is, you’ve got two options—we’ll cover them below.

If you want to successfully hire in 

Bangladesh

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Bangladesh

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Bangladesh

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Bangladesh

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Bangladesh

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Bangladesh

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Bangladesh

?

If you’re hiring contractors in 

Bangladesh

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Bangladesh

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Bangladesh

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Bangladesh than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Bangladesh.

Taxes in 

Bangladesh

Employer tax

Sales Tax

Social Security

Statutory contributions

Medical Insurance


Individual tax

Leave

Paid Time Off (PTO)

PTO is calculated by the year of service:

  • Employees is entitled one day of paid leave for every 18 days, if they are working in a commercial establishment, factory, shop or transport.
  • Employees who work for a newspaper, they receive one day of vacation for every 11 days worked.
  • If they work on a tea plantation, they receive one day off every 22 workdays.
  • In Bangladesh, any unused leave can be carried over, up to a maximum of 60 days unless the employee works for a factory, then they can carry over 40 days.

Public Holidays

There are 17 public holidays.

Sick Days

The duration of sick leave entitlement provided to workers is dependent on how long they have been employed by their employer:

  • Employees receive 14 days of sick leave per year after a year of service, except for newspaper employees.
  • Employee must present a medical certificate to receive sick leave and employees cannot carry over the remaining sick leave to the following year.
  • Sick leave is paid at the equivalent of the employee’s normal wages.

Maternity Leave

Pregnant employees receive eight weeks of fully paid maternity leave before and after the birth.

A medical certificate affirming pregnancy must be provided to an employer to be eligible.

Unpaid maternity leave will be provided for expectant mothers employed with their company for fewer than six months, or for expectant mothers who already have two years.

Paternity Leave

In Bangladesh, fathers (service holder) will be getting fixed 15 days paternity leave.

Parental Leave

No Info.

Other Leave

No Info.

Marriage Leave

No Info.

Bereavement Leave

No Info.

Termination

Termination Process

Employees may be terminated for reasons of physical or mental incapacity or continued ill-health as certified by a medical practitioner. 

Employees can be terminated for misconduct without notice or severance pay, or alternatively, demoted, blocked from a promotion for a year, fined or warned.

If the employee has served at least one year, s/he is entitled to 30 days of wages for each year of service. 

Notice Period

Employees with at least one year of service are generally entitled to one month’s notice or pay in lieu of notice, and 30 days of pay for every year served. 

Employees who have been convicted of a criminal offense or found guilty of misconduct are not owed notice or severance. 

Termination of employment in  Bangladesh for other reasons generally requires the employer to provide written notice of 120 days for monthly rated workers or 60 days for other workers, or equivalent pay in lieu. 

Severance Pay

In Bangladesh, employee has served at least one year, s/he is entitled to 30 days and then 45 days for each year of service above ten years.

Probation Period

Clerical workers are entitled to a probationary  period of six months; other workers are entitled to a three-month probation period. 

Employee requirements in 

Bangladesh

Working Hours

Bangladesh has a 40-hour week with Friday and Saturday off. 

Overtime

Bangladesh Labor Act section 102, the working hours should not exceed 48 hours per week. 

Overtime is generally calculated by dividing the total salary (including medical and housing benefits) by 208.

Employers then double this number and multiply the result by the number of overtime hours worked. 

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