Case Study on Mercans Bangladesh Limited: A Multinational Company

Helping a Global Payroll Company Set Up and Stay Compliant in Bangladesh

Mercans Bangladesh Limited is part of Mercans, a multinational payroll management company with operations and offices in more than 140 countries. When Mercans decided to establish a presence in Bangladesh, they needed a local partner who understood both the regulatory landscape and the operational realities of running payroll for an international workforce. That's where Karifin came in.

The Challenge

Setting up in a new market is rarely simple, and Mercans faced a few specific hurdles. First, the company needed to complete its incorporation in Bangladesh, a process that involves navigating local regulatory bodies. Second, they had no in-house accountant to manage day-to-day accounts and compliance. Third, they needed a reliable system for managing monthly payroll for their team.

What We Did

Karifin was initially engaged to handle the incorporation process with the Registrar of Joint Stock Companies and Firms (RJSC). From there, our role expanded to cover monthly, quarterly, half-yearly, and yearly compliance activities, along with maintaining day-to-day books of accounts. We were also brought on to manage the company's payroll on an ongoing basis.

How We Delivered

During incorporation, our team liaised directly with corporate banks and the RJSC to ensure the formation process moved smoothly and without unnecessary delays. Once the entity was established, we took on payroll for the company's 15 employees, advising on individual tax planning, preparing monthly pay slips, and assisting with tax submissions to the government treasury. Throughout, our team made it a priority to meet every regulatory deadline, helping the company avoid penalties while also guiding them toward stronger governance practices for their Bangladesh entity.

The Result

Over the last three years, Mercans Bangladesh has not needed to hire a single in-house employee for its Finance and Accounts department, even as its payroll size and revenue nearly tripled. By trusting Karifin with these responsibilities, the company has been able to focus on its core business while we handle the compliance and financial groundwork behind the scenes.

Looking for a finance and accounts partner who can support your business as it grows? Get in touch with Karifin to see how we can help.