Best Employer of Record (EOR) in Bangladesh 2024

Bangladesh’s vibrant economy offers significant opportunities for businesses looking to establish or expand their presence in South Asia. With a skilled workforce, the country serves as a strategic entry point for companies aiming to engage with emerging markets and drive regional growth. Situated in South Asia, Bangladesh provides a central hub for accessing local and neighboring markets. Its competitive labor pool and cost-effective workforce facilitate smooth operations for international firms seeking to grow in the area.

However, entering the Bangladeshi market can be challenging, particularly for organizations unfamiliar with local employment laws, tax obligations, and payroll systems. Leveraging an Employer of Record (EOR) can simplify this process, allowing businesses to hire and manage local talent without the need to establish a legal entity.

Leading EOR providers such as Skuad, ACE Advisory, Go Global, Gloroots, and Globalization Partners offer tailored solutions to assist companies in navigating Bangladesh's regulatory landscape. They ensure compliance with payroll requirements and effective HR management, ultimately streamlining the expansion process into this promising market.

Employer of Record in Bangladesh

1. Skuad

Skuad is a top Employer of Record provider in Bangladesh, streamlining the hiring and management of employees for businesses while ensuring complete compliance with local labor regulations. By taking care of employee-related tasks, Skuad enables companies to concentrate on their core business goals without the complexities of dealing with intricate regulatory issues.

Simplified Global Expansion

?Skuad facilitates smooth entry into Bangladesh for businesses aiming to expand their operations. By offering comprehensive global recruitment and compliance services, Skuad ensures that companies can navigate new markets effortlessly.

Comprehensive HR Management

Skuad oversees the entire HR lifecycle, from hiring to payroll, compliance, and employee benefits. This integrated approach allows businesses to operate efficiently and focus on achieving their main objectives.

In-Depth Compliance Knowledge

?With a robust understanding of Bangladeshi labor laws, Skuad helps businesses remain compliant, significantly mitigating the risk of legal issues.

Customizable Solutions for All Enterprises

Skuad provides flexible HR services tailored to meet the distinct needs of small startups and larger companies in Bangladesh. Each solution is designed to address the unique challenges faced at various growth stages.

Transparent and Competitive Pricing

Skuad offers clear and affordable HR solutions, with contractor services pricing USD 19 and Employer of Record (EOR) services beginning at USD 199, making budgeting straightforward for businesses.

Reliable 24/7 Support

Skuad is dedicated to providing continuous customer support, ensuring businesses receive timely assistance and guidance whenever necessary.

2. ACE Advisory?

ACE Advisory focuses on Employer of Record services, helping businesses hire and manage remote teams globally, including in Bangladesh. The firm handles compliance, contracts, benefits, and payroll, allowing organizations to function smoothly within the Bangladeshi market.

Hire Within 48 Hours ACE Advisory simplifies the hiring process in Bangladesh, enabling companies to hire and onboard local talent in as little as 48 hours, avoiding the lengthy process of establishing a legal entity.

Efficient Benefits Processing ACE Advisory manages salary and benefits processing, including local tax deductions and reimbursement of employee expenses, ensuring a smooth financial operation for businesses.

Reliable Insurance Options Through partnerships with leading insurance providers in Bangladesh, ACE Advisory offers comprehensive medical and life insurance coverage for employees, prioritizing their well-being.

3. Go Global

Go Global is recognized as a top Employer of Record (EOR) in Bangladesh, providing extensive employment solutions worldwide. The platform is dedicated to streamlining the hiring process for remote teams while ensuring complete compliance with local laws and regulations.

Rapid Onboarding Go Global significantly shortens the hiring timeline for international candidates, handling all administrative tasks and paperwork to ensure a smooth process.

Compliant Hiring With Go Global, businesses can confidently navigate local labor laws while managing international teams and payroll, minimizing the risk of regulatory errors.

Cost-Effective Scaling Go Global enables businesses to expand without substantial upfront investments in foreign markets, offering flexibility through its Global EOR services.

4. Gloroots

Gloroots is a leading Employer of Record (EOR) platform that helps businesses hire and manage remote teams worldwide, including in Bangladesh. They effectively handle payroll, compliance, contracts, and employee benefits, ensuring a seamless experience for companies looking to expand their international workforce.

Transparent Expense Management Gloroots offers clear reports tracking tax deductions and EOR fees, ensuring straightforward pricing for salary budgeting.

Simplified Multi-Currency Payroll They provide precise payroll services for various employee types, along with detailed expense and deduction reports.

Compliance-Focused Hiring Gloroots ensures all contracts meet legal requirements and provides guidance for complex issues, such as terminations.

5. Globalization Partners

Globalization Partners stands out as a premier Employer of Record (EOR) solution, assisting businesses in hiring and managing remote teams across the globe, including in Bangladesh. By managing payroll, compliance, contracts, and benefits, they provide businesses with a seamless path to expand their international teams.

Broad Global Reach With operations spanning over 180 countries, Globalization Partners offers unmatched access to new markets, enabling companies to expand their workforce globally with ease.

Expertise in Labor Laws

Globalization Partners brings in-depth knowledge of Bangladeshi employment regulations, offering tailored HR support that aligns with local practices.

Proactive Compliance Alerts The platform notifies clients of any regulatory updates, helping businesses stay compliant and avoid potential legal challenges by keeping them informed of changes in local employment laws.

Conclusion

Choosing the appropriate Employer of Record (EOR) is vital for businesses looking to expand into Bangladesh. Providers such as Skuad, ACE Advisory, Go Global, Gloroots, and Globalization Partners offer distinct benefits that assist companies in effectively navigating local employment regulations in Bangladesh.

If you have any questions or need further information, please don’t hesitate to reach out—I would be happy to discuss this in more detail.